38
Cordlife Group Limited
Annual Report 2016
Corporate
Governance Report
The remuneration of the Group CEO and Group COO of the Company is not disclosed to protect the Company’s need
for the retention of talents who have in-depth knowledge of the Company’s business and operations.
The remuneration of the top five (5) key management personnel (excluding the Group CEO) is disclosed in the table
below:
Salary
Bonus Allowances
Fees
Total
Key Executives
(%)
(%)
(%)
(%)
(%)
Above $500,000 to $750,000
Thet Hnin Yi
Chief Financial Officer
43
55
2
–
100
Above $250,000 to $500,000
Jonathan Liau Yen San
#
Senior Director, Corporate Development
45
51
4
100
Jamie Woon Geok Peng
Group Director – Brand Development &
Innovation
43
53
4
–
100
Stella Lee Mei Suan
Group Director – Organisational
Development
43
52
5
–
100
Tan Huiying
Group Director – Quality and Operations
44
52
4
–
100
#
Mr Jonathan Liau Yen San resigned as Senior Director, Corporate Development of the Company on 13 June 2016.
For FY2016, the aggregate total remuneration paid to the top five (5) key management personnel, (excluding the Group
CEO and Group COO) amounts to S$2,011,000.
For FY2016, there was no termination, retirement and post-employment benefits granted to the Directors (including the
Group CEO and Group COO) and top five (5) key management personnel other than the standard contractual notice
period termination payment in lieu of service in respect of management employees.
There are no employees of the Company who are immediate family members of a Director (including the Group CEO).
ACCOUNTABILITY AND AUDIT
Principle 10: Accountability
In presenting the annual and quarterly financial statements and announcements of financial results to shareholders,
the Board aims to provide shareholders with a balanced and understandable assessment of the Company and the
Group’s performance, position and prospects.
In this regard, Management provides all Directors with detailed management accounts of the Company and the
Group’s performance, financial position and prospects on a timely basis.
Principle 11: Risk Management and Internal Controls
The Board, with the assistance of the BRC and AC, is responsible for the governance of risk by ensuring that
Management implements and maintains a sound system of risk management and internal controls.
The AC is responsible for making the necessary recommendations to the Board such that an opinion regarding the
adequacy and effectiveness of the risk management and internal control systems of the Company can be made by the
Board in the Annual Report of the Company according to requirements in the SGX-ST Listing Manual and Code. In this
regard, the AC is assisted by the BRC.
