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TELECHOICE INTERNATIONAL LIMITED
2015 ANNUAL REPORT
CORPORATE
GOVERNANCE
D.
Benefits-In-Kind:
Benefits provided are comparable with local market practices and include non-cash benefits such as leave, medical benefits
and handphones.
In performing the duties as required under its Terms of Reference, the RC ensures that remuneration paid to the President and Key
Management Personnel is strongly linked to the achievement of business and individual performance targets. The performance targets
as determined by the RC are set at realistic yet stretched levels each year to motivate a high degree of business performance with
emphasis on both short-term and long-term quantifiable objectives. The RC also considers the tight talent market for senior Management
in setting total compensation levels. The RC engaged our remuneration consultant, Carrots, to conduct a Pay-for-Performance Alignment
study. It was found that there was sufficient evidence indicating Pay-for-Performance Alignment for the Company in both absolute
and relative terms for the 6-year period from FY09 to FY14.
Under the Code 2012, the compensation system should take into account the risk policies of the Company, be symmetric with
risk outcomes and be sensitive to the time horizon of risks. The RC has reviewed the various compensation risks that may arise
and introduced mitigating policies to better manage risk exposures identified. The RC will also undertake periodic reviews of the
compensation related risks in future.
For FY15, there were no termination, retirement and post-employment benefits granted to the President and Key Management
Personnel.
There is no employee who is an immediate family member of a Director or the President, whose remuneration exceeds S$50,000 a year.
Details of remuneration paid to our President and top five (5) Key Management Personnel for FY15 are set out in Table 2 below. For
competitive reasons, the Company is only disclosing the band of remuneration of our President and each Key Management Personnel
for FY15, within bands of S$250,000.
Table 2: FY15 – President and Top Five (5) Key Management Personnel’s Remuneration
Name
Fixed
Component
%
Variable Cash
Component
%
Share-Based
Component
%
Benefits-In-
Kind
%
Remuneration
Bands
(1)
Lim Shuh Moh Vincent
46
35
16
3
C
Lee Yoong Kin
54
24
18
4
B
Pauline Wong Mae Sum
53
24
19
4
B
Wong Loke Mei
62
19
13
6
A
Goh Song Puay
66
18
10
6
A
Raymond Lum Wai Meng
69
19
6
6
A
Note:–
(1)
Remuneration Bands:
“A” refers to remuneration between S$250,001 and S$500,000.
“B” refers to remuneration between S$500,001 and S$750,000.
“C” refers to remuneration between S$1,000,001 and S$1,250,000.
