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A Compensation Committee of our directors has been formed by our board of directors on 25th October 2007, which comprises of the following members, all of whom are non-executive directors and majority of whom including the Chairman are independent:

Mr. John Walter Sinders Jr. (Chairman) (Non-executive/Independent)

Mr. Arul Chandran (Non-executive/Independent Director)

Mr. Huang Yuan Chiang (Non-executive/Independent)

Mr. H.K. Mittal (Non-executive/Non-Independent)


The Compensation Committee’s responsibilities are:
  1. The Compensation Committee’s role includes inter alia, recommending to our board of directors in consultation with the Chairman of our board of directors, a comprehensive remuneration policy, and framework and guidelines for remuneration of the members of our board of directors and key/senior executives, deciding specific remuneration packages for each of the executive directors and our Chief Executive Officer.
  2. in the case of service contracts, to consider what compensation commitments the directors’ or executive officers’ contracts of service, if any, would entail in the event of early termination with a view to be fair and avoid rewarding poor performance.
  3. To approve performance targets for assessing the performance of each of the key managerial personnel and recommending such targets as well as employee specific remuneration packages for each of such key managerial personnel, for endorsement by our board of directors.
The remuneration packages are periodically considered and reviewed by the Compensation Committee maintain them attractive and to retain and motivate the directors and key executives to remain in our Company and to participate and share with its prosperity. The Compensation Committee’s role also includes administration of any employee incentive share scheme or share option scheme established in accordance with the listing rules of the SGX-ST.

Members of our Compensation Committee shall not participate in any discussion and voting on any matter considered by the Compensation Committee, which is in respect of his own remuneration package.

If a member of our Compensation Committee has an interest in a matter being deliberated, the decision of our Compensation Committee will exclude the vote, approval or recommendation of such member in relation to that matter.