44 GROUP OVERVIEW OPERATION AND FINANCIAL REVIEW SUSTAINABILITY & GOVERNANCE FINANCIALS OTHER INFORMATION Indofood Agri Resources Ltd Corporate Governance Remunerations for the IDs: The Director’s fees paid to the IDs were as follows: Role Fees Framework (in S$) Board AC & RMC NC RC Chairman 80,000 30,000 15,000 15,000 Member 55,000 15,000 10,000 10,000 Name of ID Board AC & RMC NC RC Total (S$) Lee Kwong Foo Edward Chairman – Chairman – 95,000 Lim Hock San Member Member Member Chairman 95,000 Goh Kian Chee Member Chairman – Member 95,000 Total Fees paid to IDs 285,000 Remunerations of the KMP: The remunerations of the top five KMP, who were not Directors or the CEO of the Company, were as follows: Name Job Position Fixed Salary Variable Bonus/ Benefits S$250,000 – S$500,000 Mak Mei Yook (1) CFO 80% 20% Johnny Ponto (2) Director of PT SIMP 43% 57% Tan Agustinus Dermawan (2) Director of PT SIMP 45% 55% Rogers H. Wirawan (2) Head of Internal Audit 55% 45% S$1,000,000 – S$1,250,000 Benny Tjoeng (3) President Director of Lonsum 39% 61% (1) Remuneration paid by the Company. (2) Remuneration paid by the subsidiary, PT SIMP. (3) Remuneration paid by the subsidiary, Lonsum. The total aggregate remuneration paid to the KMP for the financial year ended 31 December 2023 was S$2,738,478. There was no pay-out for termination, retirement or post-employment benefit granted to any of the Directors or KMP in 2023. Remunerations for employees who are immediate family members of a Director, the CEO or a substantial shareholder: There was no employee of the Company or its subsidiaries who was an immediate family member of a Director, the CEO or a substantial shareholder and whose remuneration exceeded S$100,000 for the financial year ended 31 December 2023.
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