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TEHO INTERNATIONAL INC LTD.
Annual Report 2016
REPORT
OF CORPORATE GOVERNANCE
A breakdown, showing the level and mix of each director’s remuneration for FY2016 is as
follows:
Remuneration band and
name of director
Fee Salary Bonus Benefits Total
$500,000 to below $750,000
%
%
% % %
Mr Lim See Hoe
1.6
81.1
– 17.3
100
$250,000 to below $500,000
%
%
% % %
Ms Lim Siew Cheng
2.8 92.0
–
5.2
100
Below $250,000
%
%
% % %
Mr Kwah Thiam Hock
100.0
–
–
– 100
Ms Joanne Khoo Su Nee
100.0
–
–
– 100
Mr Oo Cheong Kwan Kelvyn
100.0
–
–
– 100
The Group has four key executive officers comprising Ms Lim Siew Choo, General
Administration Director; Mr Lim See Heng, Projects Director; Ms Soare Siew Lian, CEO of
USA Operations; and Mr Phua Sian Chin, Chief Financial Officer. Ms Lim Siew Choo, Mr Lim
See Heng and Ms Soare Siew Lian are the siblings of the CEO and COO of the Company.
Ms Lim Siew Choo is also a substantial shareholder of the Company.
A breakdown, showing the level and mix of each key executive officer’s remuneration for
FY2016 is as follows:
Remuneration band and
name of executive officer
Salary
Bonus Benefits
Total
$200,000 to below $250,000
%
%
%
%
Ms Lim Siew Choo
94.2
–
5.8
100
Ms Soare Siew Lian
73.9
11.8
14.3
100
Mr Phua Sian Chin
73.3
12.2
14.5
100
$100,000 to below $150,000
%
%
%
%
Mr Lim See Heng
93.5
–
6.5
100
The aggregate total remuneration paid to the above executive officers amounted to $767,076
for FY2016.
Save as disclosed above, no employee of the Group whose remuneration exceeded $50,000
for FY2016, was an immediate family member of the directors or the CEO.
The RC has reviewed and approved the remuneration packages of the executive directors
and key executive officers, having regard to their contributions as well as the financial
performance and commercial needs of the Group and has ensured that the executive
directors and key executive officers are adequately but not excessively remunerated.
The Board is of the opinion that the information as disclosed above would be sufficient
for shareholders to have an adequate appreciation of the Group’s compensation policies
and practices and therefore does not intend to issue a separate remuneration report,
the contents of which would be largely similar.
There are no termination, retirement and post-employment benefits that may be granted to
directors, CEO and executive officers of the Group.
