Page 33 - ar2011

Corporate Governance Report
NATURAL COOL HOLDINGS LIMITED
Annual Report 2011 31
The summary of the top 5 key executives’ remuneration for the year ended 31 December 2011 is as
follows:-
Remuneration Band and
Name of Executive
Salary
%
Fees
%
Bonus
%
Other
benefts
%
Total
%
Less than $250,000
Nil
$250,000 to $499,999
Edward Chia Puay Hwee 88% – 11% 1% 100%
Ken Tan Aik Kwong 91% – 8% 1% 100%
Chen Choon Hwee 78% – 20% 2% 100%
Kelvin Neo Han Cheng 78% – 20% 2% 100%
Yun Chee Keen* 91% – 7% 2% 100%
* Resigned on 20 January 2012
The profles of our key executives are found on page 18 of this Annual Report.
Except as disclosed below, the Company does not have any employee who is an immediate family
member of a Director or the CEO and whose remuneration exceeds S$150,000 for the year ended 31
December 2011.
Remuneration Band and Name of any
employee who is an immediate family
member of a Director
Salary
%
Fees
%
Bonus
%
Other
benefts
%
Total
%
Less than $250,000
Ang Choon Teck 88% – 11% 1% 100%
(C) ACCOUNTABILITY AND AUDIT
ACCOUNTABILITY
Principle 10: The Board should present a balanced and understandable assessment of the company’s
performance, position and prospects.
In presenting the annual fnancial statements and interim and annual announcements to shareholders, it
is the aim of the Board to provide shareholders with a balanced and understandable assessment of the
Company’s and the Group’s performance, position and prospects. Currently, the Company is required to
release half year and full year results announcements. In view of this, the Management currently provides
the Board with appropriately detailed management accounts of the Group’s performance, position and
prospects on a quarterly basis. As all Directors have access to the Company’s records and all levels of
senior executives in the Group, the Board has no objection to receive such accounts on a quarterly basis.