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2007 CGFRC CONFERENCE ON

REFORMING GOVERNANCE IN THE NON-PROFIT SECTOR:

IMPLEMENTING GOOD CORPORATE GOVERNANCE PRACTICES

5 NOVEMBER 2007

FURAMA CITY CENTRE SINGAPORE

 

The Corporate Governance & Financial Reporting Centre of the NUS Business School, National University of Singapore held its second annual conference on “Reforming Governance in the Non-Profit Sector” on 5 November 2007 at Furama City Centre, Singapore. The theme for the conference was "Implementing Good Corporate Governance Practices". This year's conference focused on addressing the question of how to implement the spirit of the Code of Governance for Charities and Institutions of Public Character (IPCs) by providing practical, timely advice and hands-on tools and checklists that boards of charities and IPCs can adapt to use to address the implementation issues relating to the adoption of the Code. It also discussed how charities and IPCs can develop and implement a whistleblowing policy to further enhance their internal control and governance. To cater to the large Mandarin-speaking community in the charity sector, a session in Mandarin on the Code of Governance was held.

 

The Guest-of-Honour at this year's conference was RADM (Ret) Kwek Siew Jin, Charity Council Member and President, National Council of Social Service.

 

The keynote speakers and their topics were:

 

  • Dr Lan Luh Luh, Co-Director of the CGFRC on "Deciphering the Code of Governance for Charities and IPCs" (in Mandarin)
  • A/P Mak Yuen Teen, Co-Director of the CGFRC and Regional Research Director for Asia Pacific at Watson Wyatt on "Implementing the 'Comply or Explain' Approach" and "Implementing a Whistleblowing Policy"
  • A/P Ho Yew Kee, Vice-Dean (Finance & Administration), NUS Business School on "Managing Cashflow and Reserves"

 

In addition, there was a panel discussion on accounting and audit issues with auditors and audit committee members of charities and IPCs who shared insights into the issues they face. The panelists comprised of A/P Mak Yuen Teen (Chair); A/P Ho Yew Kee; Mr Foong Daw Ching, Managing Partner of Baker Tilly TFWLCL; Mr Irwing Low, Executive Director of KPMG; and Mr Kaka Singh, Chairman of RSM Chio Lim. Some of the issues discussed during the panel discussion included the implementation of RAP6; whether charities should change their year ends to manage audit costs; and diffculties faced by charities in complying with the Code and financial reporting requirements given their limited resources.

 

Click here to download the presentation slides

 

Click here to download the Draft Code of Governance for Charities and Institutions of a Public Character (IPCs)

 

For services provided by the Social Service Training Institute for Non-Profit Organisations, please click here

 

To view the photos, please see the Galleries section.

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