REPORT ON CORPORATE GOVERNANCE
Karin Technology Holdings Limited
Annual Report 2015
30
PRINCIPLE 9 – DISCLOSURE ON REMUNERATION
The annual remuneration band of each individual Director and the top 5 key executives for the financial year ended 30
June 2015 are set out below:
Directors’ Remuneration
Name of director
Remuneration
Band
Director’s
fee
Salary &
benefit
Variable
Bonus
Grant of
share
options
Total
%
%
%
%
%
Mr. Ng Yuk Wing, Philip
III
–
56.8
43.2
–
100.0
Mr. Ng Kin Wing, Raymond
III
–
57.0
43.0
–
100.0
Mr. Lee Yiu Chung, Eugene
II
–
61.2
38.8
–
100.0
Prof. Ng Tung Sang
I
100.0
–
–
–
100.0
Mr. Lim Yew Kong, John
I
100.0
–
–
–
100.0
Mr. Lawrence Kwan
I
100.0
–
–
–
100.0
Top 5 Key Executives’ Remuneration
Name of key executive
Remuneration
Band
Salary &
benefit
Variable
Bonus
Grant of
share
options
Total
%
%
%
%
Mr. Chong Shi Fan, Stephen
I
82.8
17.2
–
100.0
Mr. Leung Yiu Chown, Desmond
II
64.1
35.9
–
100.0
Mr. Mok Pui Wah, Kenneth
I
86.3
13.7
–
100.0
Mr. Ng Kam Wing, Allan
(*)
I
77.4
22.6
–
100.0
Ms. Ng Shuk Yi, Louisa
I
77.9
22.1
–
100.0
NOTES:
Band I
:
S$0 to S$249,999
Band II :
between S$250,000 to S$499,999
Band III :
between S$500,000 to S$749,999
(*)
Mr. Ng Kam Wing, Allan, Chief Technology Officer of the Group, is an immediate family member of the Executive Chairman
and CEO and the Senior Executive Director. His remuneration is between S$150,000 to S$199,999.
For competitive reasons, the Company is not disclosing each individual Director’s remuneration. Instead, the Company
is disclosing remuneration of each Director in bands of S$250,000. To maintain confidentiality of staff remuneration
and to prevent poaching of key management personnel, the Company shall not disclose the aggregate remuneration
paid to the key management personnel of the Group in this report. There has been no change for the key executives
for the past few years.
Key executives’ remuneration is set in accordance with a remuneration framework comprising salary (including basic
salary and benefits-in-kind), and variable payments.
Details of the 2014 ESOS are set out in note 27 to the financial statements.
