As a not-for-profit organisation under the purview of the Charities Act, SIM enforces stringent corporate governance guidelines to ensure that we are transparent and are compliant with legal regulatory requirements.
SIM adopts an enterprise-wide, systematic and integrated approach to risk management in identifying key risks and ensuring appropriate risk mitigation measures are in place, reviewed and monitored.
Assuming the overall governance of SIM is the Board of Directors. Comprising independent elected members, the Board is responsible for the strategic direction of SIM, provides governance oversight on all financial, remuneration, risk and audit matters, and closely monitors compliance with control measures.
The Internal Audit Division, as part of SIM's corporate governance framework, supports the Board to oversee SIM’s functions in whistle-blowing, internal and external audits.
As part of good corporate governance, SIM has in place the Conflict of Interest best practice. Under the latter, Board members or staff who have personal interests in business transactions or contracts that SIM may enter into or have vested interest in any organisation that SIM has dealings with, are required to declare such conflicts of interest to the Board or senior management immediately, and to abstain from any discussion or decision making on the matter of interest.
SIM Reserve Policy
The purpose of SIM’s reserves is to maintain the long-term financial stability of SIM and meet our purpose to do social good. SIM will target to maintain a reserve level of at least one year taking into consideration its future income streams, operating and capital expenditure.
Corporate Governance
SIM Board of Directors
The Board is responsible for the strategic direction of SIM, provides governance oversight on all financial, remuneration, risk and audit matters, and closely monitors compliance with control measures.
Ms Euleen Goh
Chairman (appointed 14 October 2019)
Chairman, Singapore Institute of Management Group Limited
Professor Abel Ang
Vice-Chairman (appointed as Member 2 June 2022)
Chairperson, Advanced MedTech Investments Holdings
Ms Vivian Chua
Member (appointed 2 June 2022)
Vice President, Consumer Channel Sales, Asia, Microsoft
Mr Yuen Kuan Moon
Member (appointed 14 October 2019)
Group Chief Executive Officer, Singapore Telecommunications Ltd
Ms Eleanor Seet
Member (appointed 1 February 2024)
President and Director/Head of Asia ex Japan,
Amova Asset Management Asia Limited
Amova Asset Management Asia Limited
Ms Ooi Huey Tyng
Member (appointed 1 February 2024)
Chair, Risk and Audit Committees
AIG Asia Pacific, Maxis Berhad, Singapore Institute of Directors
AIG Asia Pacific, Maxis Berhad, Singapore Institute of Directors
Mr Sanjoy Sen
Treasurer (appointed as Member 1 February 2024)
Group Head for Consumer Bank, DBS Bank Ltd
Ms Malini Vaidya
Member (appointed 1 April 2025)
Partner and Former Region Manager Asia Pacific, Spencer Stuart
Ms Rohaya Saharom
Member (appointed 3 June 2026)
Vice President, Sustainable Solutions, Mandai Wildlife Group