106 STRATEGICALLY ADVANCING Principle 8: Disclosure on Remuneration The remuneration of Directors and all employees of the Manager is paid by the Manager and not by ESR-REIT. All Directors’ fees as well as fixed pay, short term variable incentives and allowances to the KMP are paid wholly in cash. Pursuant to Rule 1207(10D) of the Listing Manual, the Manager is required to disclose the names, exact amounts and breakdown of remuneration paid to each individual director and the CEO in the annual report for the financial years ending 31 December 2024 onwards. Such breakdown must include (in percentage terms) base or fixed salary, variable or performance-related income or bonuses, benefits in kind, stock options granted, share-based incentives and awards, and other long-term incentives. The table below sets out the fees(1) paid to the Directors in FY2024: Board Members Membership Directors’ Fixed Fees Paid in FY2024(2) Other Fees Paid in FY2024(3) Ms. Stefanie Yuen Thio Independent Non-Executive Chairperson S$164,000 N.A. Mr. Nagaraj Sivaram Independent Non-Executive Director S$100,000 N.A. Mr. Ronald Lim Independent Non-Executive Director S$104,000 N.A. Dr. Julie Lo Lai Wan(4) Independent Non-Executive Director S$92,000 N.A. Mr. Loi Pok Yen Independent Non-Executive Director S$100,000 N.A. Mr. Stuart Gibson Non-Executive Director N.A. N.A. Mr. Shen Jinchu, Jeffrey Non-Executive Director N.A. N.A. Mr. Trent Iliffe(5) Non-Executive Director N.A. N.A. Mr. George Agethen(6) Non-Executive Director N.A. N.A. Mr. Adrian Chui CEO and Executive Director N.A. N.A. Notes: (1) Fees are prorated for directors who occupied the position for part of the financial year. (2) 100% of the Directors’ fees are paid in fixed fees. (3) Includes variable or performance-related income or bonuses, benefits in kind, stock options granted, unit-based incentives and awards, and other long-term incentives. (4) Appointed as a member of the BSC on 1 October 2024. (5) Stepped down as Non-Executive Director on 29 July 2024. (6) Appointed as Chairperson of the BSC on 1 October 2024.
RkJQdWJsaXNoZXIy NTM2MDQ5