Breakdown of Director's remuneration

[nitro]

When reading AR, i always see the renumeration in these ranges

1.) $500,000 and above
2.) $250,000 to $499,999
3.) Below $250,000

can i assume it is always in multiples of $250k?

Which means renumeration for '$500,000 and above' will not exceed $750,000?
Because $1million is also falls under '$500,000 and above'

[Boon]

When reading AR, i always see the renumeration in these ranges

1.) $500,000 and above
2.) $250,000 to $499,999
3.) Below $250,000

can i assume it is always in multiples of $250k?

Which means renumeration for '$500,000 and above' will not exceed $750,000?
Because $1million is also falls under '$500,000 and above'

Hi Nitro,

You are right.

Please refer to Guideline 9.3 (page 17) of the revised code of corporate governance, attached.

[sportsinvestment]

Singapore dollars obviously?

[butcher]

A random article with regards to management remuneration for leisure reading

[Yoyo]

The Code on Corporate Governance focuses on providing principles and guidelines to listed companies and their Boards to spur them towards a high standard of corporate governance. The purpose is to help drive higher standards of corporate governance and transparency, but by no mean a must follow.

In a recent reply to SGX by Indofood Agri on 29 April 2015

RESPONSES TO QUERIES FROM THE SGX-ST ON ANNUAL REPORT 2014
SGX-ST Query 2
We note that the Company had stated the band of remuneration of the directors and CEO as “above S$1,000,000”, without an upper limit in the bands of S$250,000. Please provide an upper limit to the band.
Company’s response:
The Board and Management are not in favour of disclosing the upper limit of the salary band due to commercial sensitivity of such information.

[opmi]

'Comply or explain' policy by SGX can be quite useless.