My first Publication ocbc_ar17_fullreport_english | Page 82

CORPORATE GOVERNANCE
PRINCIPLE AND GUIDELINES
PAGE REFERENCE IN
OCBC ANNUAL REPORT 2017
Guideline 9.4
Details of the remuneration of employees who are immediate family members of a director
or the CEO, and whose remuneration exceeds S$50,000 during the year. This will be done on
a named basis with clear indication of the employee’s relationship with the relevant director
or the CEO. Disclosure of remuneration should be in incremental bands of S$50,000. Page 72
Guideline 9.5
Details and important terms of employee share schemes. Pages 69 to 71
Guideline 9.6
For greater transparency, companies should disclose more information on the link between
remuneration paid to the executive directors and key management personnel, and performance.
The annual remuneration report should set out a description of performance conditions to
which entitlement to short-term and long-term incentive schemes are subject, an explanation on
why such performance conditions were chosen, and a statement of whether such performance
conditions are met. Pages 68, 69, 72 and 73
Guideline 11.3
The Board should comment on the adequacy and effectiveness of the internal controls, including
financial, operational, compliance and information technology controls, and risk management
systems. The commentary should include information needed by stakeholders to make an
informed assessment of the Company’s internal control and risk management systems. The Board
should also comment on whether it has received assurance from the CEO and the CFO: (a) that
the financial records have been properly maintained and the financial statements give true and
fair view of the Company’s operations and finances; and (b) regarding the effectiveness of the
Company’s risk management and internal control systems. Pages 73 and 74
Guideline 11.14
Names of the members of the Risk Management Committee and the key terms of reference
of the Risk Management Committee, explaining its role and the authority delegated to it by
the Board. Page 65
Guideline 12.1
Names of the members of the Audit Committee and the key terms of reference of the
Audit Committee, explaining its role and the authority delegated to it by the Board. Pages 64, 74 and 75
Guideline 12.6
Aggregate amount of fees paid to the external auditor for that financial year, and
breakdown of fees paid in total for audit and non-audit services respectively, or an
appropriate negative statement. Pages 75 and 181
Guideline 12.7
The existence of a whistle-blowing policy should be disclosed in the Company’s Annual Report. Page 74
Guideline 12.8
Summary of the Audit Committee’s activities and measures taken to keep abreast of changes
to accounting standards and issues which have a direct impact on financial statements. Pages 74 and 75
Guideline 13.1
Whether the Company has an internal audit function. Pages 75 and 76
Guideline 15.4
The steps the Board has taken to solicit and understand the views of the shareholders,
e.g. through analysts briefings, investor roadshows or Investors’ Day briefings. Page 76
Guideline 15.5
Where dividends are not paid, companies should disclose their reasons. Not Applicable
Guideline 17.4
Material related party transactions. Page 77
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OCBC ANNUAL REPORT 2017