130 UNITED HAMPSHIRE US REIT Corporate Governance REMUNERATION DETERMINATION AND DISCLOSURES UHREIT is externally managed by the Manager as it has no personnel of its own. The remuneration of all Directors and employees of the Manager is borne by the Manager and not by UHREIT. In recommending the Directors and KMP’s remuneration to the Board for approval, the NRC took into account the responsibilities of the Directors and KMP, the corporate and individual performance, the current views of stakeholders, the general market conditions, the accomplishment of strategic goals as well as regional and global corporate performance. The NRC also benchmarked the proposed remuneration against the remuneration arrangements with peer companies within similar industries, and of a similar position, size and complexity. The remuneration of the Directors is positioned at levels which enables the Manager to attract and retain the Directors with the relevant experience and expertise to manage the business of UHREIT effectively. The remuneration of KMP is determined at levels which enables UHREIT to attract, develop and retain high-performing and talented individuals with the relevant experience and level of expertise to manage the level of responsibilities. The Board recommended that the level of remuneration should reflect the effort, time-spent and the level of responsibilities undertaken by each NED. The Board believes in a competitive and transparent remuneration framework. The remuneration paid in FY2025 was based on the Directors’ fee structure for NEDs, which comprised of a base fee and additional fees for serving on Board Committees as the case may be, The Director fees paid for FY2025 are set out in the table below. Each Director had abstained from the decision-making process with regard to his or her own remuneration. Main Board Chairman S$65,000 per annum Director S$40,000 per annum ARC Chairman S$28,500 per annum Member S$13,500 per annum NRC Chairman S$13,500 per annum Member S$6,500 per annum Name of Director Salary Performance Bonus Director’s Fees Total Mr Tan Tong Hai – – S$92,000 – Mr James E. Hanson II – – –(1) – Mr David Tuvia Goss – – –(1) – Mr Wee Teng Wen – – S$40,000 – Mr Chua Teck Huat Bill – – S$75,000 – Ms Jaelle Ang Ker Tjia – – S$60,000 – Note: (1) Non-Executive Directors who are employees of the Sponsors do not receive any director’s fees in their capacity as Directors.
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