Our Remuneration Committee Our Remuneration Committee members are Ng Chee Keong, M.L. Chandchutha Chandratat and Leslie George Merszei. The Chairman of our Remuneration Committee is Ng Chee Keong. Responsibilities of our Remuneration Committee include, among other things to: k
recommend to our Board for endorsement the remuneration policies and guidelines for setting remuneration for the Directors and key executives;
k
approve performance targets for assessing the performance of executive Directors; and
k
recommend specific remuneration packages for each executive Director for endorsement by our Board.
If a member of the Remuneration Committee has an interest in a matter being deliberated upon by the Committee, he will abstain from participating in the review and approval process of our Remuneration Committee in relation to that matter. Executive Officers Our Executive Officers are responsible for our day-to-day management and operations. The following table sets forth information regarding our Executive Officers as at the date of this Prospectus. Name
Age
Address
Occupation
David Stewart Simpson . . . . . . . . . . . . . . . .
46
179/226 Supalai Place Sukhumvit 39 Bangkok 10110 Thailand
Managing Director
John Willoughby Crane III . . . . . . . . . . . . . .
46
Baan Tepalit, Apt. 5A 93/3 Wireless Road Bangkok 10330 Thailand
Chief Financial Officer
Svein Nodland . . . . . . . . . . . . . . . . . . . . . .
49
Krungthep Wing, Apt. 1464 89 Soi Wat Suan Plu New Road Bangrak, Bangkok 10500 Thailand
Director, MDL
Mark Andrew Shepherd . . . . . . . . . . . . . . . .
45
53/8 Moo 6, Naklua Banglamung Chonburi 20160 Thailand
Director, MOS
Magne Hovden . . . . . . . . . . . . . . . . . . . . . .
52
Jalan Cahn Chin Moor 1 Taman Tasik Titiwangsa Kuala Lumpur 53200 Malaysia
Operations Manager, MDL
Simon Matthew Turner . . . . . . . . . . . . . . . . .
41
144/21 Moo 2 Sangchalern Orchid Park Tambon Tachientia Ampur Banglamung Chonburi 20105 Thailand
General Manager, MOS
Certain information on the business and work experience of our Executive Officers is set out below: Please see “Board of Directors� for information on the business and working experience of our Managing Director, David Stewart Simpson. John Willoughby Crane III has been our Chief Financial Officer since April 2007. He established Aspire Pacific, a Hong Kong-based advisory firm specializing in strategic consultancy, business development and private equity in 2004. Prior to establishing Aspire Pacific Ltd., he was with JP Morgan from 1993 to 2004 in various positions, including as the Head of Investment Banking of JP Morgan Securities (Thailand) Ltd from 2000 to 2003 and as President of JP Morgan Securities (Thailand) Ltd from 2003 to 2004. Prior to that, he held positions in business development for United Technologies based in Singapore and with Unico (Japan) based in Shanghai. A graduate of the Lauder Institute at the University of Pennsylvania, he has an M.B.A. in Finance from the Wharton School and an MA in International Studies from the University of Pennsylvania. Svein Nodland has been the Director of our subsidiary Mermaid Drilling Ltd. since it was established in 2005. Prior to joining us, he was Director of Frontier Investments A.S. and Tender Rig Asia Ltd. from 2003 105