CORPORATE GOVERNANCE STATEMENT
YEAR ENDED 31 DECEMBER 2015
Name of Non-executive Director
Salary
$
Fees
$
Bonus
$
Other
Benefits
4
$
Mr Chow Yew Hon
–
83,710
–
–
Mr Lim Jun Xiong Steven
–
76,210
–
–
Mr Chan Pengee, Adrian
–
69,920
–
–
Mr Tan Tock Han
(2)
–
21,795
–
–
(1) The remuneration reflected in this table includes the remuneration given by those subsidiary companies or subsidiary corporations whose financial
statements are consolidated with the Company’s financial statements, aggregated together with the remuneration given by the Company.
(2) Mr Tan Tock Han resigned as an independent non-executive Director with effect from 18 May 2015.
The structure of the fees paid or payable to non-executive Directors of the Company for FY2015 is as follows:
Type of Appointment
Fee Per Annum ($)
Board of Directors
Basic retainer
35,000
Lead Independent Director
10,000
Audit and Risk Management Committee
Chairman
25,000
Member
12,500
Nominating and Remuneration Committee (combined fee)
(1 January 2015 to 17 May 2015)
Chairman
20,000
Member
10,000
Nominating Committee (with effect from 18 May 2015)
Chairman
20,000
Member
10,000
Remuneration Committee (with effect from 18 May 2015)
Chairman
20,000
Member
10,000
With effect from 18 May 2015, the Chairman and members of each of the Nominating Committee and the Remuneration Committee were
paid separate fees in relation to each committee, instead of a combined fee for both the Nominating Committee and the Remuneration
Committee.
4
There are no termination, retirement and post-employment benefits granted to Directors, the CEO or the key management personnel.
HONG FOK CORPORATION LIMITED
ANNUAL REPORT 2015
15
