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Cecilia Chua asked 7 years ago

I am comparing the annual reports of Breadtalk 2013 and 2014. There seems to be a significant difference in the remuneration package of directors. Eg for George Quek, in 2013, it is 52% salary and 46% bonus/profit sharing. However, in 2014, it has changed to 90% salary and 7% bonus/profit sharing.
Did I misread something? And if I haven’t, would this change have somehow affected the attitudes of the directors towards generating profit for the company?
Thank you for your help.

1 Answers
Victor Chng answered 7 years ago

Hi Cecilia,
I will be more focus on the compensation range as compared to the percentage breakdown of their compensation. If you look at 2013, George quek compensation range is between $700,000 to $850,000 while in 2014 his compensation range $500,000 to $750,000. Hence, there is not much to worry about. If the compensation range sudden jump up to $2,000,000 then i will start questioning why. On the side note, bonus/profit sharing are being paid base on certain target being achieve by the person then they are entitled to it. Seem like Geogre Quek did not meet his criteria which is why you can see his bonus/profit sharing percentage decrease resulting in his salary percentage increase and decrease in his compensation range.