| Introduction |
| NUS is committed to a high standard of corporate
governance and has always recognised the
importance of good governance as being critical
to the effective performance and operation of
the University. Good governance is also crucial
in realising its vision of being a leading global
university centred in Asia, influencing the future,
excelling in teaching, research, enterprise, thought
leadership and public service. The University has
accordingly put in place a corporate governance
structure with comprehensive and clear lines of
reporting, responsibility and accountability. |
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| Our Governance Evaluation Checklist |
| In addition to the application of good governance
practices as a corporate entity, we have as an
institution of public character ("IPC"), adopted best
practices in key areas of governance that are closely
aligned to the principles enunciated in the Code of
Governance for Charities and Institutions of a Public
Character (the "Code"). In line with the disclosure
requirement by the Charity Council that all IPCs are
required to disclose the extent of their compliance
with the Code, NUS' Governance Evaluation
Checklist can be found at the Charity Portal website
www.charities.gov.sg. |
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| Our Board of Trustees |
The NUS Board of Trustees comprises 23 members
appointed by the Minister for Education, and
is chaired by Mr Wong Ngit Liong. Our Board
of Trustees includes eminent business leaders,
academics, entrepreneurs, and professionals from
the public service and private sectors. Members
are appointed on the strength of their calibre,
experience, stature and potential to contribute to the proper guidance and development of the
University, as well as valuable relationships which
they bring that are of strategic importance to the
University. Profiles of the Board members are found
on page 6 to 13 of the Annual Report.
The Board of Trustees is responsible for ensuring
that the University acts in the furtherance of its
objectives in education and research, and properly
accounts and safeguards the funds and assets of
the University. The Board of Trustees works closely
with the management and stakeholders of the
University to shape the vision, chart the major
directions, and develop programmes and initiatives
to produce a strong and enduring impact for the
University, and for Singapore and beyond.
To support the Board of Trustees in discharging
its functions, Board committees have been
formed as dictated by corporate, operational
and business needs pursuant to the Articles
of Association of the University. There are
eight Board committees, namely, the Executive
Committee, Audit Committee, Campus Planning
and Development Committee, Entrepreneurship
Committee, Investment Committee, Nominating
Committee, Remuneration Committee, and
Development Committee. These Board committees
assist the Board of Trustees to provide oversight
of the University and to facilitate decision making.
Membership of the Board Committees is carefully
selected to ensure an equitable distribution of
responsibility among Board members and promote
the effectiveness of each committee's focus and
contribution. Where necessary, non-Board members
who have expertise in their respective fields are also
co-opted to enhance the deliberations and decision
making process of some of the Board Committees. |
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| The present composition of the Board Committees is as follows: |
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| Executive Committee |
Wong Ngit Liong, Chairman
Prof Tan Chorh Chuan
Lucas Chow Wing Keung
Paul Ma Kah Woh
Kay Kuok Oon Kwong
Phillip Tan Eng Seong
Peter Ho Hak Ean
Dr Teh Kok Peng
Andrew Lim Ming-Hui |
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| Remuneration Committee |
Wong Ngit Liong, Chairman
Edward D'Silva
Han Fook Kwang
Prof Olaf Kübler
Peter Ho Hak Ean
Yeoh Chee Yan
Davinder Singh |
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| Nominating Committee |
Wong Ngit Liong, Chairman
Edward D'Silva
Prof Saw Swee Hock
Michael Lien Jown Leam
Abdullah Tarmugi |
|
| Investment Committee |
Goh Yew Lin, Chairman
Prof Tan Chorh Chuan
Hiew Yoon Khong
Michael Lien Jown Leam
Dr Teh Kok Peng
Andrew Lim Ming-Hui
Chan Chia Lin, Co-opted
Lee Ming San, Co-opted
Adelene Tan, Co-opted
Michael Dee, Co-opted |
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| Audit Committee |
Paul Ma Kah Woh, Chairman
Han Fook Kwang
Phillip Tan Eng Seong
Sunny Verghese
Yeoh Chee Yan
Chong Siak Ching
Davinder Singh |
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| Entrepreneurship Committee |
Lucas Chow Wing Keung, Chairman
Prof Tan Chorh Chuan
Hans-Dieter Bott
Sunny Verghese
Edward D'Silva
Gay Chee Cheong, Co-opted |
|
| Development Committee |
Wong Ngit Liong, Chairman
Prof Tan Chorh Chuan
Prof Saw Swee Hock
Phillip Tan Eng Seong
Goh Yew Lin
Abdullah Tarmugi
Johnny Tan, Co-opted |
| |
Campus Planning and
Development Committee |
Peter Ho Hak Ean, Chairman
Prof Tan Chorh Chuan
Edward D'Silva
Hiew Yoon Khong
Prof Olaf Kübler
Chong Siak Ching
Lim Ee Seng, Co-opted
Raymond Woo, Co-opted |
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| Our Senior Management |
| Management functions and day-to-day operations
of the University are led by the Senior Management
of the University, headed by the President, Professor
Tan Chorh Chuan. The President is the University's
Chief Executive Officer. Details of the management
team can be found at its website www.nus.edu.sg. |
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| Our Policies and Procedures to Manage Conflicts of Interest |
Board members and staff are required in their
respective capacities to act at all times in the best
interest of the University. Policies and procedures
are designed to prevent and address potential
conflict-of-interest situations while promoting
ethical business conduct of officers and staff in line
with the strong focus of the University on integrity.
NUS' Articles of Association contain provisions
for the management and avoidance of conflicts of
interest by members of its Board of Trustees. Such
provisions include (a) permitting a Board member to
be interested in any transaction with NUS provided
that the member has declared the nature of the
interest to the Board of Trustees and abstains from
participating in the Board's decision in respect of
the transaction concerned, (b) permitting a Board
member, or a firm associated with the member, to
act in any professional capacity for the University
and to be remunerated for professional services
as if the Board member was not a Trustee, and
(c) permitting a Board member to be reimbursed for out-of-pocket expenses, travelling and other
expenses properly incurred by the Board member
in attending and returning from meetings of the
Board of Trustees, any of its committees, or any
general meeting of the University or otherwise
in connection with the affairs of the University.
NUS Articles' expressly stipulate that Board
members shall not receive any remuneration
for services rendered by them as members of
the Board of Trustees.
In addition, the Board of Trustees has adopted
the practice of requiring every Board member to
annually review and refresh their independence by
disclosing to the Nominating Committee whether
there are any factors that will affect the member's
independence in the decision making process of
the Board.
The University's terms of business and code of
conduct for staff include a Conflict of Interest Policy
which all staff members must observe and comply
with. In accordance with the current Policy, staff
must ensure that their private activities and interests
do not conflict with their professional obligations
to the University. Where there is potential violation
of a prohibition, the staff member shall make a
full disclosure and may request for an exception.
Approval for an exception will be at the discretion
of the University. In addition, staff members
must declare annually their compliance with the
University's prevailing policy on conflict of interest
and other related policies. |
