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SINGAPORE SHIPPING CORPORATION LIMITED
2. REMUNERATION MATTERS
Principle 7: Procedures for Developing Remuneration Policies
Principle 8: Level and Mix of Remuneration
Principle 9: Disclosure on Remuneration
Remuneration Committee
The Board believes in adopting a formal and transparent procedure for fixing the remuneration packages
of the directors and key management personnel so as to ensure that the level of remuneration is
appropriate to attract, retain and motivate the directors and key management personnel needed to run
the Group’s businesses successfully.
In recommending to the Board the remuneration policy to be adopted, together with the level and mix
of remuneration of directors and senior managers, the RC’s objective is to draw, build, motivate and
retain high performing directors and senior managers, to ensure that the Group’s businesses grow
sustainably, efficiently and profitably.
The RC comprises of three Independent and Non-Executive Directors, namely:
Stanley Lai Tze Chang
Chairman
Tan Guong Ching
Member
Ng Jui Ping
Member
The RC’s principal function, as guided by its terms of reference, is as follows:
• Reviewing and determining appropriate adjustments as well as approving the remuneration of the
executive directors and key management personnel;
• Administering any share incentive scheme implemented by the Company, and delegating the day-
to-day administration of such plan or scheme to such persons the RC deems fit;
• Assuming other duties (if any) that may be required of the RC under the 2012 Code, and under the
listing manual (“Listing Manual”) of the Singapore Exchange Securities Trading Limited (“SGX-
ST”);
• Considering the disclosure requirements for directors’ and key management personnel
remuneration as required by the 2012 Code; and
• Reviewing the Company’s obligations arising in the event of termination of the executive directors
and key management personnel.
CORPORATE GOVERNANCE STATEMENT
for financial year ended 31 March 2016
