A breakdown, showing the level and mix of each individual Director’s remuneration for the year ended 30 June
2015, is as follows:
Directors
Fee
(1)
Salary
Variable Bonus &
Profit Sharing
Benefits
in kind
Total
Band D
(2)
%
%
%
%
%
Lim Eng Hong
–
44
51
5
100
Band A
(3)
Khor Thiam Beng
100
–
–
–
100
Goh Chung Meng
100
–
–
–
100
Michael Grenville Gray
100
–
–
–
100
A breakdown, showing the level and mix of the top key executives’ remuneration (in bands of $250,000) for the year
ended 30 June 2015, is as follows:
Key Executive
Salary
Variable Bonus Benefits in kind
Total
Band A
(3)
%
%
%
%
Kwok Wai San, Philip
84
12
4
100
Lau Toon Hai
86
14
–
100
Lim Tai Meng, Alvin
(4)
81
15
4
100
Joseph Wang Nin Choon
86
14
–
100
While the Company endeavours to provide adequate disclosure of its Directors’, CEO’s, and key management
personnel’s remuneration in order to enhance transparency between the Company and shareholders, the Company,
in view of the stiff competition in attracting and retaining talents in similar industry, does not wish to divulge too
much information with regard to remuneration packages of its Directors and key management personnel for its
competitors to take advantage of.
Given the organisation structure of the Group, there were only four (4) executives (who are not Directors and/or the
CEO) whom the Company has identified as key management personnel for FY15.
The total remuneration paid to the above top key executives is $602,000 in FY15.
Save as disclosed above, the Group did not employ any immediate family member of a Director, where the
remuneration of such immediate family member exceeded $50,000 in FY15. In respect of Mr Lim Tai Meng, Alvin’s
total remuneration in incremental bands of $50,000, he falls within the $100,000 to $149,999 band. “Immediate
family” means a spouse, child, adopted child, step-child, brother, sister or parent.
Notes
:
(1)
These fees are subject to the shareholders’ approval at the forthcoming AGM.
(2)
Band D means from $750,000 up to $999,999.
(3)
Band A means from $0 up to $249,999.
(4)
Mr Lim Tai Meng, Alvin is the son of Mr Lim Eng Hong, our CEO, Director and controlling shareholder.
28
AVI-TECH ELECTRONICS LIMITED
| ANNUAL REPORT 2015
CORPORATE
GOVERNANCE
