60
Baker Technology LimitedAnnual Report 2014
The tablebelow shows the remunerationof the top five keymanagement personnel (who arenotDirectors or theCEO)
(“KMP”) forFY2014:
TopfiveKMP
Designation
Salary, CPF&
Allowance
(%)
Bonus
(%)
$1,250,000 to $1,500,000
OngThianWheeAlbert
ManagingDirector
(SeaDeepShipyardPte. Ltd.)
17
83
$250,000 tobelow$500,000
TanKiangKherng
Chief FinancialOfficer
(Baker Technology Limited)
78
22
TanKengTiongAlvin
Senior VicePresident -BusinessDevelopment
(Baker Technology Limited)
78
22
TanWee Lee
ManagingDirector
(Baker EngineeringPte. Ltd.)
78
22
HeathMcIntyre
ManagingDirector
(BT Investment Pte. Ltd.)
87
13
The total remunerationpaid to the top fiveKMP for FY2014 amounted to$2,899,799.
TheCompanybelieves that itmay not be in theGroup’s interest todisclose the remunerationof theKMP to the level as
recommendedby theCode,givenhighlycompetitivehiringconditionsand theneed to retain theGroup’s talentpool.
EmployeeRelated toDirectors/CEO
Save as disclosed in the above remuneration table for Directors, there is no employee in the Group who is an
immediate familymember of any of the directors or theCEO andwhose remuneration exceeded S$50,000 during
FY2014. “Immediate familymember”means spouse, child, adopted child, step-child, brother, sister andparent.
ACCOUNTABILITYANDAUDIT
Principle 10: Accountability
TheBoard, through its announcements of quarterly and full-year results as well as price sensitive issues, aims toprovide
shareholderswithabalancedandunderstandableassessmentoftheGroup’sfinancialperformance,positionandprospects.
TheCompany recognises the importanceof providing theBoardwitha continual flowof relevant informationonan
accurateand timelybasis inorder that itmayeffectivelydischarge itsduties.Ona regular basis, Boardmembersare
providedwithbusinessandfinancial reports comparingactual performancewithbudget, highlightsonkeybusiness
indicators andothermajor issues.
For the financial year under review, theCEO and theCFO have provided assurance to theBoardon the integrity of the
financial statements for theCompanyand itssubsidiaries.
