Positioning for the Future | 47
'LUHFWRUVҋ 5HPXQHUDWLRQ 7DEOH IRU WKH )LQDQFLDO <HDU (QGHG 'HFHPEHU
(continued)
1
The amounts disclosed include bonuses earned under the Economic 7alue Added (iE7Aw) and the other incentive plans which have been
accrued for in mnancial year 2014. E7A bonus accrued during the year is added to the bonus account and 1/3 of the accumulated balance
in the bonus account would typically be paid out annually. Any negative E7A bonus declared will result in an offset against the current E7A
bonus balance.
2
For mnancial year 2014, contingent awards of shares under the CapitaLand Restricted Share Plan 2010 (iRSPw) and the CapitaLand
Performance Share Plan 2010 (iPSPw) were granted to Mr Lim Ming Yan. The mnal number of shares released under the contingent awards
of shares for RSP and PSP will depend on the achievement of pre-determined targets and subject to the respective vesting periods under
RSP and PSP. The contingent awards of shares mgures disclosed are based on the fair value of the shares comprised in the baseline awards
under the RSP and PSP at the time of grant. There was no contingent award of RSP or PSP to the other Directors.
3
The Directors’ fees will only be paid upon approval by the shareholders at the forthcoming Annual General Meeting (iAGMw) of the Company.
4
If approved, the aggregate amount of Directors’ fees of S$2,472,590 will be paid as to S$1,847,564.90 in cash, and S$625,025.10 in the form
of share awards under the RSP with any residual balance to be paid in cash. The remuneration framework for the non-executive Directors
remains unchanged from that for the year ended 31 December 2013 except for the fees payable to the Chairman who will receive an all-
inclusive fee of S$750,000. There will be no separate board retainer fee, committee fee or attendance fee for the Chairman. Directors’ fees of
the non-executive Directors will be paid as to about 70% in cash and about 30% in the form of share awards under the RSP, save in the case
of Mr Peter Seah Lim )uat (who is retiring from the Board at the conclusion of the AGM of the Company), and Mrs Arfat Pannir Selvam and
Prof Kenneth Stuart Courtis (who have retired from the Board on 25 April 2014), who will receive all of their Directors’ fees in cash. The actual
number of shares to be awarded will be based on the volume-weighted average price of a share of the Company on the SG9-ST over the
14 trading days from (and including) the ex-dividend date following the AGM of the Company. The actual number of shares to be awarded
will be rounded down to the nearest share, and any residual balance settled in cash. The awards will consist of the grant of fully paid shares,
with no performance conditions attached and no vesting periods imposed, although a share retention policy applies.
5
Dr Philip Nalliah Pillai was appointed as a Director of the Company on 25 April 2014.
6
Mr Kee Teck Koon was appointed as a Director of the Company on 22 September 2014.
7
These directors’ fees were paid to the directors.
8
Mr Lim Ming Yan is an employee of the Company. This director’s fee was paid to the Company.
9
$6,000 of the director’s fee was paid to the director and the remaining $63,649 will only be paid upon approval by the shareholders at the
forthcoming AGM of the subsidiary.
Corporate Governance & Transparency
