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Corporate Governance (Cont’d)
Level and Mix of Remuneration
The remuneration policy of the Group will seek, inter alia, to align the interests of employees with the Group, to reward and encourage
performance based on its core values and to ensure that remuneration is commercially competitive to attract and retain talent.
The remuneration framework for independent directors adopted by the RC comprises of a base fee for membership on the Board,
chairing the Board and Board Committees and fees as member of Board committees. Directors’ fees will be submitted as a lump sum
for shareholders’ approval in general meeting.
The remunerations of the Executive Director and the Key Executive comprise of two components: (i) an annual fxed cash component
which comprise of annual basic salary and other fxed allowances; and (ii) an annual performance incentive which links to the Group’s
and individual executive’s performance.
Disclosure on Remunerations
The remunerations of the Directors, in the bands of S$250,000, for the fnancial year ended 31 December 2012 are set out in the table below:
Name of Directors/Key Executives and
Remuneration Bands
Base/Fixed
Salary
%
Bonus/
Benefts
%
Directors
Fee
%
Share
Options
%
Directors of the Company
S$1,250,000 to S$1,500,000
Mark Wakeford 75 25 – –
Moleonoto Tjang 26 74 – –
S$500,000 to S$750,000
Gunadi (resigned 27 September 2012) 32 68 – –
Below S$250,000
Lee Kwong Foo, Edward – – 100 –
Lim Hock San – – 100 –
Goh Kian Chee – – 100 –
Hendra Susanto – – 100 –
Tjhie Tje Fie1 – – – –
Axton Salim1 – – – –
Suaimi Suriady1 – – – –
Sonny Lianto 2 – – – –
1 Remuneration was paid by the parent company, PT Indofood Sukses Makmur Tbk or other group of companies.
2 Remuneration was paid by PT PP London Sumatra Indonesia Tbk
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