Principle 8: Disclosure of Remuneration Disclosure of Remuneration (Provisions 8.1(a) and 8.3) The compensation packages for employees including the Executive Chairman, Group CEO and the other ExCo members, based on the Company’s Remuneration Framework, also take into account amongst other factors, the individual’s performance, the performance of the Group and industry practices. During the year, there were no termination, retirement or post-employment benefits (other than CPF contributions) granted to any Director or any ExCo member. The remuneration of each Director (including the Group CEO) for FY 2024, including a breakdown in percentage terms of the components of the remuneration, is set out below: Fixed Salary* STI* LTI Board/ Committee Fees** Other Benefits Total % % % % % $ Executive Directors Kwek Leng Beng^ 25.3 69.5 – 2.7 2.5 5,974,665.01 Sherman Kwek Eik Tse^+ 33.3 59.6 Volunteered to forgo 4.2 2.9 2,974,065.45 Non-Executive Directors Lee Jee Cheng Philip – – – 98.3 1.7 287,971.00 Philip Yeo Liat Kok – – – 100 – 91,000.00 Ong Lian Jin Colin – – – 96.8 3.2 154,427.52 Daniel Marie Ghislain Desbaillets – – – 100 – 135,000.00 Chong Yoon Chou – – – 100 – 240,543.48 Chan Swee Liang Carolina – – – 97.9 2.1 231,965.57 Tang Ai Ai Mrs Wong Ai Ai – – – 100 – 144,858.70 Tan Kian Seng(1) – – – 100 – 199,619.57 Notes: * The fixed salary (inclusive of AWS) and STI, in the form of annual variable bonus, are inclusive of employer’s central provident fund contributions. ** These fees comprise Board and Committee fees as well as meeting attendance fees for FY 2024, which were approved by shareholders as a lump sum at the 2024 AGM. ^ Remuneration of these Directors includes remuneration paid or payable by subsidiaries of the Company. + Mr Sherman Kwek, the Group CEO, has voluntarily elected to forgo his 2024 LTI grant of $1.35 million. The NRC acknowledged his decision and expressed appreciation for his leadership and dedication to the Group. (1) Mr Tan Kian Seng resigned as a Director and his last day with the Company was 31 December 2024. Consequent to his resignation, Mr Tan also ceased to be a member of the ARC and BSC. CORPORATE GOVERNANCE REPORT 19
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