Equity Compensation Benefits (continued)
b)
Long Term Incentive Plans (continued)
The details of the participants who have received share awards granted under the Plans which represent 5% or more of the
total number of share awards available to all directors and employees of the Company and its subsidiaries during the financial
year ended 31 December 2015 are as follows:
Participants
Number of share awards granted under the Plans
during the financial year ended 31 December 2015
Lim Shuh Moh Vincent
865,360
Lee Yoong Kin
657,720
Pauline Wong Mae Sum
657,720
Wong Loke Mei
249,400
Goh Song Puay
191,400
Audit Committee
The members of the Audit Committee during the year and at the date of this report are:
• Yap Boh Pin (Chairman), independent non-executive director
• Tang Yew Kay Jackson, independent non-executive director
• Ronald Seah Lim Siang, independent non-executive director (resigned on 5 May 2015)
• Ho Koon Lian Irene, non-executive director (appointed on 5 May 2015)
The Audit Committee performs the functions specified in Section 201B of the Act, the SGX-ST Listing Manual and the best practices
as set out in the SGX-ST Listing Manual and the Code of Corporate Governance 2012.
The Audit Committee has held four meetings since the last directors’ report. In performing its functions, the Audit Committee met
with the Company’s external and internal auditors to discuss the scope of their work, the results of their examination and evaluation
of the Company’s internal accounting control system.
The Audit Committee also reviewed the following:
•
assistance provided by the Company’s officers to the internal and external auditors;
•
quarterly financial information and annual financial statements of the Group and the Company prior to their submission to the
directors of the Company for adoption; and
•
interested person transactions (as defined in Chapter 9 of the SGX-ST Listing Manual).
The Audit Committee is also responsible for overseeing the Group’s risk management framework and policies, in which respect it shall:
•
advise the Board on the Group’s overall risk tolerance and policies;
51
TELECHOICE INTERNATIONAL LIMITED
2015 ANNUAL REPORT
DIRECTORS’
STATEMENT
