As remuneration of the Directors and employees of the Manager are not paid out of the deposited property
of the Trust (which is the listed entity), but remunerated directly by the Manager from the fees it receives,
the Manager’s report on each individual Director’s and the key management personnel’s remuneration paid
and payable from 1 January 2014 to 31 December 2014 is voluntarily disclosed as follows:
Remuneration
Salary
S$’000
Bonus
S$’000
Director’s
fee
S$’000
Other
Benefits
S$’000
Total
S$’000
Directors
Mr Kevin Xayaraj (CEO)
412.0
166.0
–
12.0
590.0
Mr Steven Lim Kok Hoong
(Chairman)
–
–
90.0
–
90.0
Mr Yong Kok Hoon
–
–
90.0
–
90.0
Mr Henry Chua Tiong Hock
–
–
55.0
–
55.0
Ms Ng Shin Ein
–
–
55.0
–
55.0
Remuneration Bands
Salary
%
Bonus
%
Other
Benefits
%
Total
%
Key management personnel
S$250,000 – S$500,000
Mr Bobby Tay Chiew Sheng
80.0
16.4
3.6
100.0
Mr Aw Wei Been
69.2
27.9
2.9
100.0
Ms Tan Chiew Kian
74.9
24.3
0.8
100.0
Note:
Remuneration is based on amount paid and payable, based on the Trust’s financial year from 1 January 2014 to 31 December 2014.
Bonus consists of Annual Wage Supplement and performance bonus. Mobile and transport allowances are classified under Other Benefits.
There were no other key management personnel.
ACCOUNTABILITY AND AUDIT
Principle 10: The Board should present a balanced and understandable assessment of the company’s
performance, position and prospects.
The Manager prepares the financial statements in accordance with the Singapore Financial Reporting
Standards prescribed by the Accounting Standards Council and Sabana REIT complies with Rule 705 of the
Listing Manual of the SGX-ST (where applicable), which prescribes, among others, that quarterly results are to
be announced no later than 45 days of the reporting period while full year results are to be announced no later
than 60 days of the financial year end. In presenting the financial reports, the Board aims to provide a balanced
and understandable assessment of the Trust’s performance, position and prospects.
CORPORATE GOVERNANCE
SABANA REIT
|
ANNUAL REPORT 2014
76
