CDAC Annual Report 2018
37
Term Limit for Board Members 8
The CDAC Boards are formed through a tripartite nomination in accordance with the Memorandum and Articles of Association of CDAC. The Board term is two years. The current term is from 21 June 2018 to the Annual General Meeting in June 2020. Board members are nominated for appointment and/or re-appointment to the respective Boards at the end of the two-year term through their nominators. In total, one Board Director, (namely Mr Baey Yam Keng, since 23 June 2006) and six Board Trustees, (namely Mr Chua Thian Poh, since 23 June 2006; Mr Cheng Wai Keung, since 12 June 2004; Mr Tony Chew Leong-Chee, since 2 June 2008; Mr Patrick Lee Kwok Kie, since 2 June 2008; Mr Ch’ng Jit Koon, since 22 May 2000; and Mr Tan Cheng Gay, since 22 May 2000), have served in their present capacities for more than 10 consecutive years. They were nominated by their respective nominating bodies in consideration of their abilities to contribute to CDAC Boards, as well as their leadership positions in the community. As CDAC values continuity and stability, these Board members continue to serve in their present capacities. They have maintained independence in their oversight roles and have continued to add value to CDAC.
9 A term limit of four consecutive years is currently set for the Chairmanship of the Finance & Establishment Committee.
Organisation Structure 10 The Board of Directors has, with effect from 21 June 2018, dissolved the five Core Programmes Board Committees (namely the Student & Parent Education, Family & Worker Support, Fulfilling Ageing, Community Outreach & Engagement and Volunteers Engagement & Development) and set up an Executive Committee (EXCO) so as to achieve better synergy among the Core Programmes. The EXCO also implements the Board’s fiduciary, strategic and policy decisions. Five other Board Committees are set up to improve CDAC’s oversight of management and accountability to its stakeholders. They are the Audit & Risk Committee, Finance & Establishment Committee, Investment Committee, Stakeholders Communications Committee and Tender Committee. All committees have clear terms of reference approved by the Board. The Committee members, who include both Board members and external domain experts, are appointed by the Board Chairman. The Tender Committee is appointed by the Board of Directors.
Patron of CDAC
Board of Directors
Board of Trustees
Executive Committee (EXCO) 1
Investment Committee
Board Committees Audit & Risk Committee Finance & Establishment Stakeholders Communications Tender Committee
Executive Director
Student & Student & Parent Education Education
Family & Worker Support
Note: (1) Formed with effect from 21 June 2018.
Fulfilling Ageing
Community Outreach & Engagement, One-Stop Service
Student & Volunteers Parent & Engagement Development Education
Corporate Services
Stakeholders Communications