41
GRAND BANKS YACHTS LIMITED
ANNUAL REPORT
2016
CORPORATE GOVERNANCE REPORT
Table C
The directors named below are retiring and being eligible, offer themselves for re-election at the next annual general meeting.
Board Member
Date of appointment
Date of last election
Basil Chan
14 November 2011
8 October 2014
Mark Jonathon Richards
1 August 2014
8 October 2014
Table D
The tables below show the remuneration bands of the Directors and the top five key executives of the Group who are not
directors as well as the approximate percentage breakdown of the remuneration.
Remuneration of Directors
Remuneration Band &
Name of Director
Base/Fixed
Salary
(1)
Share
Plan
(2)
Bonus
Directors’
Fees
Other
Benefits
(3)
Total
$500,000 to $750,000
Mark Jonathon Richards
$433,520 $47,520 $200,000
–
–
$681,040
Below $250,000
Heine Askaer-Jensen
–
$7,030
–
$62,000
–
$69,030
Basil Chan
–
$7,030
–
$59,333
–
$66,363
Gerard Lim Ewe Keng
–
$7,030
–
$43,333
–
$50,363
Gary James Weisman
(4)
–
–
–
$25,333
–
$25,333
Director fee schedule:
Board member: $30,000
Chairman of the Board: additional $11,000
Member of the RMAC: $8,000
Chairman of the RMAC: additional $10,000
Member of other Committees: $4,000
Chairman of other Committees: additional $5,000
Notes:
(1) Inclusive of Central Provident Fund contributions, other defined contribution plans and other fixed monthly payments.
(2) Amount of fair value of share options amortised in FY2016.
(3) Inclusive of benefits-in-kind.
(4) Mr. Weisman was elected to the Board on 28 October 2015.
