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CORPORATE GOVERNANCE (cont’d)
SUPPLEMENTARY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2012 (SGX-ST LISTINGMANUAL REQUIREMENTS) (cont’d)
(iii) Risk Management Policies and Processes (cont’d)
Dependence on Key Personnel
The Executive Directors and the country/general managers in the Group’s key markets have contributed significantly to the success of
the Group. The loss of the services of any one of these key personnel without adequate replacement will adversely affect the Group’s
operations and financial performance.
The Group has implemented remuneration packages aimed at retaining existing personnel and rewards for key management
personnel who contribute to the success of the Group.
Interested Person Transactions
Interested person transactions (“IPT”) carried out during the financial year which falls under Chapter 9 of the SGX-ST Listing Manual
are as follows:
Name of interested person
Aggregate value of all IPT
during the financial year
under review (excluding
transactions less than $100,000
and transactions conducted
under shareholder’s mandate
pursuant to Rule 920)
Aggregate value of all IPT
conducted under shareholder’s
mandate pursuant to Rule 920
(excluding transactions less
than $100,000)
2012 2011 2012 2011
US$’000 US$’000 US$’000 US$’000
Simonelo Limited and its subsidiaries
- Rental expense paid 2,207 2,043 - -
- Sale of property, plant and equipment 1 - - -
Triple Ace Ventures Limited and its subsidiaries
- Interest income received 182 148 - -
- Rental expenses paid 274 - - -
- Loans provided - 1,300 - -
Companies associated to a substantial shareholder
- Consumption of services 11 - - -
- Sales of goods 1,362 795 - -
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