Our Remuneration Committee comprises Ms Alice Yan, Mr Gouw Eng Seng and Mr Hew Koon Chan. The Chairman of our Remuneration Committee is Ms Alice Yan.
Our Remuneration Committee will, amongst others, recommend to our Board a framework of remuneration for our Directors and Executive Officers, and determine specific remuneration packages for each Executive Director and Executive Officer. All aspects of remuneration for the aforementioned individuals, including but not limited to directors’ fees, salaries, allowances, bonuses, share option schemes, share-based incentives and awards and other benefits-in-kind shall be review by our Remuneration Committee. Each member of our Remuneration Committee shall abstain from voting on any resolutions in respect of his remuneration package.
The remuneration of employees related to Directors, Executive Officers and Controlling Shareholders will be reviewed annually by our Remuneration Committee to ensure that their remuneration packages are in line with our staff remuneration guidelines and commensurate with their respective job scopes and level of responsibilities. Any bonuses, pay increases and/or promotions for these related employees will also be subject to the review and approval of our Remuneration Committee. In the event that a member of our Remuneration Committee is related to the employee under review, he will abstain from participating in the review.