78
TIH Limited
Proposed Fees
Basic fee for all Directors
S$38,000
Allowance for Chairman of the Board
S$33,000
Allowance for Chairman of the Audit Committee
S$27,000
Allowance for Audit Committee Members
S$16,000
Allowance for Chairman of the Nominating Committee
S$10,000
Allowance for Nominating Committee Members
S$5,000
Allowance for Chairman of the Remuneration Committee
S$8,000
Allowance for Remuneration Committee Members
S$4,000
Allowance for Board Investment Committee Members
S$50,000
Fee for Lead Independent Director
S$10,000
No additional fee is payable for meeting attendance. The management and operation of the Company are vested
in the Investment Manager. During the year, the Company does not have executive directors nor executive
officers except for Mr Stanley Cheong being a Deemed Executive Director who does not receive any fee from
the Company.
The remuneration of each of the Directors for the financial year ended 31 December 2014, which is subject to
approval at the forthcoming annual general meeting, falls below S$150,000 per director and is solely derived
from Directors’ fees. A breakdown of the Directors’ Fees to be paid to each Director for FY2014 upon approval
by the Shareholders at the forthcoming Annual General Meeting is as follows:
Director
Basic Fee
(Inc
Board
Chair)
AC Chair/
Member
NC Chair/
Member
RC Chair/
Member
Board
Investment
Member
Lead
Independent
Director
Total
Directors
Fees
Kin Chan
$71,000 -
$5,000
-
$29,726* -
$105,726
Stanley Cheong Nil
Nil
Nil
Nil
Nil
Nil
Nil
Vince Feng
$38,000 $16,000 -
$8,000
-
-
$62,000
Liong Tong
Kap
$38,000 $27,000 $5,000
$4,000
-
$10,000
$84,000
Angie Li
$38,000 -
-
$4,000
-
-
$42,000
Daniel Budiman $38,000 $16,000 $10,000 -
S$29,726* -
$93,726
*
Pro-rated
There are no employees of the Company or its subsidiaries who are immediate family members of the
Directors and there are also no employees of the Company or its subsidiaries who are related to any Substantial
Shareholder for the financial year ended 31 December 2014.
As the management of the Company is vested in the Investment Manager and the Company does not have any
employees, the Company does not have any long term incentive schemes such as an employee share option
scheme.
