My first Publication ocbc_ar17_fullreport_english | Page 74

CORPORATE GOVERNANCE
Remuneration of Top Five Key
Management Personnel in 2017
The Code recommends the disclosure of
the individual remuneration of the Bank’s
top five key management personnel as
well as their aggregate remuneration. The
Board considered this matter carefully
and has decided against such a disclosure
for the time being as it is not standard
PT Bank OCBC NISP Tbk. Her personal
remuneration in 2017 exceeds S$50,000
but for reasons stated above, her
individual remuneration is not disclosed.
Apart from Ms Parwati Surjaudaja,
none of the Group’s employees was an
immediate family member of a Director
in 2017.
business practice to do so, having taken
into account the highly competitive
conditions for talent in the industry.
Remuneration of Directors’
Immediate Family
The Director, Mr Pramukti Surjaudaja, has
a sister, Ms Parwati Surjaudaja, who is
chief executive of the Bank’s subsidiary,
Remuneration Disclosure for Senior Management and Material Risk Takers
REMUNERATION AWARDED DURING THE FINANCIAL YEAR
Fixed remuneration
Variable remuneration
Senior Management Other Material Risk Takers
Number of employees
Total fixed remuneration
of which: cash-based
of which: deferred
of which: shares and other share-linked instruments
of which: deferred
of which: other forms of remuneration
of which: deferred
Number of employees
Total variable remuneration
of which: cash-based 17
28%
28%
0%
0%
0%
0%
0%
17
72%
43% 274
49%
49%
0%
0%
0%
0%
0%
264
51%
31%
of which: deferred
of which: shares and other share-linked instruments
of which: deferred
of which: other forms of remuneration
of which: deferred 0%
29%
29%
0%
0%
100% 0%
20%
20%
0%
0%
100%
Total remuneration
SPECIAL PAYMENTS
Guaranteed Bonuses
Number of
Employees
Total
Amount (S$)
Sign-on Awards
Number of
Employees
Severance Payments
Total
Amount (S$)
Number of
Employees
Total
Amount (S$)
Senior management 0 0 0 0 0 0
Other material
risk-takers 0 0 3 96,052 0 0
72
OCBC ANNUAL REPORT 2017