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C A M B R I D G E I N D U S T R I A L T R U S T
A N N U A L R E P O R T 2 0 1 5
The aggregate remuneration paid to the top five key
management personnel (excluding CEO) was $1.4 million
in FY2015.
ACCOUNTABILITY AND AUDIT
Accountability
Principle 10:
The Board should present a balanced and
understandable assessment of the company’s performance,
position and prospects.
The Board is responsible for providing a balanced and
understandable assessment of CIT’s performance, position
CORPORATE GOVERNANCE
Remuneration of the top five key management personnel (who are not Directors or the CEO) in bands of $250,000 were
as follows:
Name of Director
Base /
Fixed
Salary
(In % or
dollar
term)
Variable or
Performance-
related
income /
Bonuses (In
% or dollar
term)
Benefits-
in-kind
(In % or
dollar
term)
Share-
based
incentives
and awards
(In % or
dollar
term)
Stock
options
granted
(In % or
dollar
term)
Other
long-term
incentives
(In % or
dollar
term)
Directors’
Fee (In %
or dollar
term)
Total
(to the
nearest
$000’)
Executive Director/CEO
Mr Philip Henry Lewis Levinson 89
9.7
0.6
0.7
–
–
100
630
Independent Non-Executive Director
Dr Chua Yong Hai
–
–
–
–
–
–
100
130
Mr Ooi Eng Peng
–
–
–
–
–
–
100
88
Mr Tan Guong Ching
–
–
–
–
–
–
100
82
Name of top 5 key
management personnel
Base /
Fixed
Salary
(In %)
Variable or
Performance-
related income
/ Bonuses
(In %)
Benefits-
in-kind
(In %)
Share-based
incentives
and awards
(In %)
Stock
options
granted
(In %)
Long-term
incentives
(In %)
Total
(In %)
Above $250,000 to $500,000
Mr David Mason
61.7
10.4
1
9.2
–
17.6
100
Ms Nancy Tan
54.4
19.6
0.8
9.9
–
15.2
100
Below $250,000
Ms Elena Arabadjieva
87.2
12.3
0.5
–
–
–
100
Ms Loy York Ying
67.6
31.7
–
0.6
–
–
100
Ms Frecy Bastian
59.2
28.1
1.2
11.5
–
–
100
and prospects, which extends to interim and other price
sensitive public reports, and reports to regulators (where
required). Management provides the Board with relevant
information on the performance of CIT and the Manager on
a timely basis and as the Board may require from time to
time, in order for the Board to effectively discharge its duties.
Quarterly and annual financial reports and other material
information are disseminated to the Unitholders through
announcements via SGXNET, CIT’s corporate website, and
where applicable, media releases and analyst briefings.
The Board meets regularly to review the financial
performance of CIT and the Manager against the yearly
approved budget, taking note of any significant variances
For the FY2015, there were no employees who were immediate family members of a Director or the CEO or any of the
existing staff.
The Directors’ fees paid to the Independent Directors for FY2015 were as follows:
