Performance Target Bonus

This capped annual incentive plan rewards our staff for achieving individual and common institutional targets, including development goals for self, family, institution and the community.

Reward-Risk Framework in Practice

Over the past few years, with the positive WA we generated, we have shared our successes with our staff in the form of cash bonuses and deferred compensation.

Variable compensation for the year ended March 2008 is for positive WA of S$23.4 billion and performance targets achieved for prior year ended March 2007. With the negative WA of S$6.3 billion for year ending March 2008, there will be corresponding deductions from the individual WA bonus banks. No T-scope units commencing year 2008 will be awarded either.

This framework of sharing rewards and risks, especially for key management, re-affirms the principle of alignment with sustainable value creation.