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TI – 4th Charity Council Governance Seminar

Key Performance Indicators (KPIs) for Teaching Support atKey Performance Indicators (KPIs) for Teaching Support atKey Performance Indicators (KPIs) for Teaching Support atKey Performance Indicators (KPIs) for Teaching Support atSIM University and SIM Global EducationSIM University and SIM Global EducationSIM University and SIM Global EducationSIM University and SIM Global EducationNovember 2010November 2010November 2010November 2010 –––– January 2011 and January 2011 and January 2011 and January 2011 and2010 Annual Statistics2010 Annual Statistics2010 Annual Statistics2010 Annual Statistics

Update by ITS & EFUpdate by ITS & EFUpdate by ITS & EFUpdate by ITS & EF

10 February 201110 February 201110 February 201110 February 2011

SIM AND THE REFINED CODE OF 

GOVERNANCE

SIM UniversityFlexible learning Adult learnersPT programmes

Board of Trustees

SIM Pte LtdDegree from partner universitiesFT and PT programmes

Board of Directors

SIM Society•Membership services•Continuing professional development•Shared services

SIM Governing Council

SIM GROUP ENTITIES AND

GOVERNANCE STRUCTURE

•Company limited by guarantee • Private limited company

• Society

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 For profit and not for profit objectivesare clearly delineated.

 Profits from for profit entity SIMPL are

 ploughed back to achieve the socialmission of SIM and SIM University e.g.Campus Development project 

 For profit and not for profit objectivesare clearly delineated.

 Profits from for profit entity SIMPL are

 ploughed back to achieve the socialmission of SIM and SIM University e.g.Campus Development project 

SIM PL

DividendIntellectualCapital

Donation from Surplus

UniSIM

Intellectual Capital

GROUP STRUCTUREGROUP STRUCTURE

SIM

The Board makes sure the charity is run well and responsibly, so that the charity would continue tobe effective, credible and sustainable

Charity Code

The Board is responsible to comply with its governing instruments and all relevant laws and regulations.

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SIM

• Executive Director is ex-officio; no voting rights

• GC members do not receive fees or honorariums

• Not involved in operations

• Secretary and Treasurer are different persons andare members of the Governing Council

• Governing Council members are not staff of SIM

• BOT are not staff of SIM University

• President is ex-officio and has no voting rights

• BOT do not receive any fees or honorariums

• Not involved in operations

SIM UNIVERSITY

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Ten Council members with varied backgrounds in business, finance,investment, education, human resource, etc

Board Composition

Election

GC members are elected at AGM

Tenure

Two years from their election at AGMNo Council member shall hold office for more than four consecutivetwo year term

Appointment Process

Transparent appointment processNominating Committee

Board Evaluation

Once every 3 years

Nominating CommitteeAudit Committee

Remuneration CommitteeInvestment Committee

Membership Committee

SIM University

Board of Trustees

SIM Pte Ltd

Board of Directors

SIM Society

SIM Governing Council

1.3 BOARD COMMITTEES

SIM GC and UniSIM Board meets 4 times a yearBoard Committees (comprises Governing Council members with writtenterms of reference) meets 3 to 4 times a year

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Clear policies and procedures should be set and 

measures be taken to declare, prevent and addressconflict of interest.

Charity Code

Board members and staff should act in the best interests of the charity.

Where a conflict of interest arises GC membersconcerned are not allowed to vote or participatein discussions

Documented procedures in place for GC membersand staff to declare actual or potential conflict of interests.

SIM & SIM University

GC members do not receive fees or honorariums

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Charity Code

The charity is set up to achieve certain aims for the benefit of the society and /or its members.

The vision and mission of the charity should beclearly expressed and the charitable work should 

be carefully planned and implemented.

Most recent review in 2010 - reviewed SIM’svision and mission and to determine SIM’s corestrategy moving ahead

Communication - Annual Report and AGM

Plan to develop the capacity and capability ofSIM

Group level Strategic Review at board levelconducted every 3 to 5 years.

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Charity Code

The programmes and activities conducted by thecharity determine the charitable work that thecharity sets out to accomplish.

They should be carefully planned, tracked and reviewed to ensure that they are relevant to the

mission and vision of the charity.

Membership Committee provides direction onSIM’s activities and programmes and ensures thatit is aligned to its objectives ; Quarterly Reporting to GC

High Profile Speaker28th

SIM Annual Management LectureSIM Annual Management LectureSIM Annual Management LectureSIM Annual Management Lecture New Rules for Thriving in Difficult Times

Dr Ram Charan

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Charity Code

The charity should have policies in place for staff and volunteers who run its operationsand programmes.

 Human resources are important assets of thecharity.

Communication channels

Employee engagement survey conducted in2007. Next one will be conducted in 2011;conducted every three to five years

Staff suggestion scheme

 Whistle blowing platform in place

Exit interviews

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Remuneration Committee overseesremuneration policies

Salary benchmarking exercise

undertaken on a regular basis (mostrecent exercise was conducted in FY2010using external HR consultant)

VIP plans tied to achieving measurableand clearly defined quality and surplustargets

Online performance appraisalsystem in place

Documented HR policies andprocedures

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Charity Code

The charity should have sound financialmanagement and comply with applicable laws and regulations, to ensure that its resources are used legitimately and can be accounted for.

Audit Committee

Comprises 4 members drawn from SIM GC,UniSIM and SIMPL

Audit Committee reviews internal/external auditplans, findings and fees

External /Internal auditors meet Audit Committeeonce a year without the presence of management

Not involved in finance matters

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 Whistle Blowing 

 Whistle blowing platform and policies inplace

In progress - extend to vendors

Training 

Internal control awareness training conducted for all staff

Compulsory internal control training for finance managers/staff

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Annual operating and capital budgets approvedby GC before the end of the financial year

Quarterly financial reporting to the Governing Council

Fixed asset management in place to ensure that allfixed assets are accounted for, insured and thatfacilities are efficiently and effectively utilised

Documented financial policies and procedures inplace.

The charity should ensure that its fundraising activities aretransparent and ethical.

 It should account to its donors on what, how and when the funds would be used.

The charity should also be prudent in engaging third party fundraisers.

 Note : NA for SIM 

Charity Code

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The charity should be transparent and accountable in itsoperations.

The charity should provide information about its mission,structure, programmes, activities and finances, as well as be

responsive to requests for information.

Charity Code

Annual Report includes information on theInstitute’s programmes, activities, auditedfinancial statements and board members andsenior management

Remuneration of senior management disclosedin bands of $50,000 in audited financial report.

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The charity should build up its image to beconsistent with its objectives.

Charity Code

Established policies and procedures forrelease of information to the media andpublic.

Institute’s name and logos are registeredtrademarks

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