Non-executive Directors (save for Directors who are employees of CL or CapitaMalls Asia Limited
(CMA)) receive Directors’ fees which are payable by way of cash and units in CMT (Units). The
Manager believes that the payment of a portion of the Directors’ fees in Units will serve to align the
interests of such Directors with that of Unitholders and CMT’s long-term growth and value.
Directors’ Fees
1,2
Board Members
FY 2014
FY 2013
Danny Teoh Leong Kay
3
S$139,000
S$113,678
Lim Ming Yan
N.A.
5
S$134,055
4
Fong Kwok Jen
S$ 76,000
S$ 76,000
Gay Chee Cheong
S$ 77,700
S$ 76,000
Ho Chee Hwee Simon
6
N.A.
5
S$ 81,000
4
Lee Khai Fatt, Kyle
S$105,000
S$101,000
Jason Leow Juan Thong
7
N.A.
5
N.A.
Richard Rokmat Magnus
S$ 63,000
S$ 61,000
Maj-Gen (NS) Ng Chee Khern
8
S$ 53,000
S$ 53,000
Tan Kian Chew
S$ 53,000
S$ 53,000
Tan Wee Yan, Wilson
N.A.
N.A.
N.A.: Not Applicable.
1 Inclusive of attendance fees of (a) S$2,000 per meeting attendance in person, (b) S$1,700 per meeting attendance via
teleconferencing or video conferencing, and (c) S$1,000 per meeting attendance at project and verification meetings subject
to a maximum of S$10,000 per Director per annum. Directors’ fees are subject to the approval of the Manager’s sole
shareholder.
2 Each non-executive Director (save for non-executive Directors who are employees of CL or CMA) shall receive up to 20% of
his Directors’ fees in the form of Units (subject to rounding adjustments). The remainder of the Directors’ fees shall be paid
in cash. No new Units will be issued for this purpose as these Units will be paid by the Manager from the Units it holds.
3 Danny Teoh Leong Kay was appointed as Chairman of the Board, Chairman of the CDC and a member of the IC with effect
from the conclusion of the Annual General Meeting of the Unitholders on 17 April 2013.
4 In respect of non-executive Directors who are employees of CL or CMA, their Directors’ fees in respect of FY 2013 were paid
to CL and CMA respectively in cash.
5 With effect from FY 2014, non-executive Directors who are employees of CL or CMA do not receive Directors’ fees.
6 Ho Chee Hwee Simon resigned as a non-executive Director and ceased to be a member of CDC, EC and IC with effect from
22 December 2014.
7 Jason Leow Juan Thong was appointed as a non-executive Director and a member of CDC, EC and IC with effect from 22
December 2014.
8 All Director’s fees payable to Maj-Gen (NS) Ng Chee Khern, a public officer, will be paid in cash to a government agency, The
Directorship & Consultancy Appointments Council.
Corporate Governance
42 | CapitaMall Trust Annual Report 2014
