Governance

The Foundation’s governance structure is designed to balance family clan stewardship, professional independence, and intergenerational continuity.

The Advisory Board supports the Foundation in fulfilling its long-term objective of stewardship, while day-to-day operations are entrusted to the professional Executive Team.

(A) Composition 

The structure of the Foundation’s Advisory Board comprises:

(I) Senior members of the family clan (appointed periodically on a rotational basis); 

(II) a selection of independent professional appointees (on a rotational 3 year term basis, comprising architects, civil engineers, academics, lawyers, amongst others); and

(III) the Foundation’s incumbent Executive Director,

who collectively provide the Foundation with professional and other valuable insights. 

(B) Specialist Appointees

Where necessary, the Advisory Board has the powers to appoint specialists on an ad-hoc basis to provide additional expertise.

(C) Observers and Succession 

The Advisory Board may also appoint Observers from the “next-gen" of the family clan, to observe proceedings without voting rights, as part of the Foundation’s wider succession planning. 

Periodically, Observers may also be more broadly involved in the work of the Advisory Board with a view to cultivating future leadership.

(D) Conflicts of Interests

Members of the Advisory Board are required to disclose any actual or potential conflicts of interest and to act at all times in accordance with the Foundation’s conflict-of-interest and ethics policy.

(E) Periodic Review

We endeavour to implement and regularly refresh our governance structures to reflect current international “good-practice” standards for comparable family foundations and other similar non-profit organisations.

(F) Transparency and Accountability

The Advisory Board is committed to appropriate transparency and accountability through regular reporting and compliance with all applicable regulatory requirements.