Business Daily Media

ISCA launches new "Do Good" initiative to champion corporate governance among TACs and charities

SINGAPORE - Media OutReach Newswire - 8 July 2024 - The Institute of Singapore Chartered Accountants (ISCA) has launched its pioneering "Do Good" initiative, which signifies ISCA's commitment to foster a culture of social responsibility and enhance corporate governance within Trade Associations and Chambers (TACs) and charity boards.



Announced in February this year, the Board of Directors (BOD) Masterclass Programme is an all-encompassing board training programme prescribed by the Singapore Exchange Regulation for first-time directors and existing directors to stay updated on complex corporate and business developments to discharge their responsibilities effectively. ISCA and SAC Capital will subsidise 50% of the BOD Masterclass programme for TACs and charity boards to enhance their corporate governance. This will benefit more than 2,000 registered charities (around 20,000 individuals) and more than 300 TACs in Singapore (around 3,000 individuals). The 50% subsidy will amount to potential cost savings of $6,540 per organisation, and up to $15 million in total for both sectors.

ISCA Distinguished Lifetime Member and former President of the Institute Dr Gerard Ee, who is a social service advocate with extensive experience in helming charity boards including the Charity Council and Beyond Social Services and serves as one of the mentors of the BOD Masterclass programme, shared his thoughts on the initiative. Dr Ee said: "I hope that this initiative will encourage more directors of non-governmental organisations across the sector. This will ultimately benefit the communities they serve."

The "Do Good" board package represents ISCA's unwavering dedication to promoting ethical leadership, transparency, and accountability within Singapore's non-profit sector. By equipping TACs and Charity Boards with the necessary knowledge and expertise to enhance corporate governance standards, ISCA aims to foster a culture of responsible stewardship and sustainable growth, ultimately benefiting the communities they serve. This will also help TACs and Charity Boards to avoid potential pitfalls in corporate governance, such as conflicts of interest, inadequate financial management, and weak internal controls.

ISCA President, Mr Teo Ser Luck, said: "We are pleased to introduce our 'Do Good' initiative, which reinforces our commitment to enhance corporate governance standards among TACs and charities. We hope that our subsidies on the BOD Masterclass Programme will go a long way in empowering more boards with essential skills to not only thrive, but to also serve their communities responsibly."

Commissioner of Charities, Mr Desmond Chin, said: "ISCA's 'Do Good' initiative will help to uplift governance standards within Singapore's charities sector. This initiative will help charities to access essential Board training and mentorship opportunities, which will in turn enhance their capacity to serve the community better."

President of the Association of Small and Medium Enterprises (ASME), Mr Ang Yuit, said: "We are heartened by ISCA's support for our TACs to enhance the corporate governance competencies and professionalism of industry veterans, professionals and volunteers who have stepped forward to serve on councils. ISCA's BOD Masterclass Programme for ASME Executive Council members will strengthen the effectiveness of our governance practices."

TACs and charities who are keen to find out more about the "Do Good" board package can visit https://isca.org.sg/iscaacademy/boardflix/DoGoodPackage.
Hashtag: #ISCA #Accountancy #Accounting #DifferenceMakers #DoGoodinitiative #CorporateGovernance #BoardTraining

The issuer is solely responsible for the content of this announcement.

Institute of Singapore Chartered Accountants

The Institute of Singapore Chartered Accountants (ISCA) is the national accountancy body of Singapore with over 36,000 ISCA members making their stride in businesses across industries in Singapore and around the world. ISCA members can be found in over 40 countries and members based out of Singapore are supported through 12 overseas chapters in 10 countries.

Established in 1963, ISCA is an advocate of the interests of the profession. Complementing its global mindset with Asian insights, ISCA leverages its regional expertise, knowledge, and networks with diverse stakeholders to contribute towards the advancement of the accountancy profession.

ISCA administers the Singapore Chartered Accountant Qualification programme and is the Designated Entity to confer the Chartered Accountant of Singapore – CA (Singapore) – designation.

ISCA is a member of Chartered Accountants Worldwide, a global family that brings together the members of leading institutes to create a community of over 1.8 million Chartered Accountants and students in more than 190 countries.

For more information, visit .

News from Asia

Pursuing the dream: Octa's coding bootcamp moves into stage three

Octa, a global financial broker, sponsored an on-sight coding bootcamp called STATUS 200 in Kuala Lumpur, Malaysia. Having joined forces with Ideas International, Octa provided a group of young Mal...

Global broker Octa explains the reasons for lower US dollar after the U.S. presidential debate

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 30 September 2024 - The market has reacted live as Vice-President Kamala Harris and former President Donald Trump clashed in their first—and poss...

Every pip matters: Octa broker's guide to market spreads

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 16 September 2024 - No matter what tradable instruments a trader prefers, understanding the spreads is instrumental in successfully navigating th...

Global broker Octa deploys an AI-based tool for traders to boost trade analysis

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 11 September 2024 - Since the first days of Artificial Intelligence’s rapid expansion into various industries, the financial sector has been one ...

Cisco and CSA Collaborate to Bolster Cyber Defense for Singapore

Cisco signed a Memorandum of Collaboration with the Cyber Security Agency (CSA) of Singapore to enhance the nation’s cyber and digital resilience...

The Critical Role of Dollar Movements for Asian Markets: Expert Analysis by Global Broker Octa

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 16 October 2024 - The U.S. dollar holds significant sway over global markets, particularly for traders in India and Southeast Asia. This release ...

Global broker Octa offers some tips to spot and avoid scams and fraud as a trader

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 19 September 2024 - In the last few years, financial scams and fraud have been rampant across various sectors in Southeast Asia...

BNM has left its base rate unchanged: Octa broker analyses the decision

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 13 September 2024 - The Malaysian economy is growing faster than expected, and the local currency has appreciated quite noticeably. However, the ...

Cleaner Air in your Home: AkzoNobel launches the new Dulux Ambiance™ All AirClean

SINGAPORE - Media OutReach Newswire - 17 October 2024 - Akzo Nobel Paints (Singapore) Pte Ltd proudly introduces the new flagship Dulux Ambiance All AirClean, an innovative paint formulated with P...

BRICS Expansion: What it Means for Malaysia’s Economic Future, According to Global Broker Octa

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 17 October 2024 - BRICS represents a formidable economic bloc that significantly influences global trade and geopolitics. In January, the allian...

The Importance Of Professional Cleaners

Moving out of a settlement property can be a stressful and time-consuming process. One of the most crucial steps is bond cleaning, also known as e...

Property

Pearl Beach Home purchased for £78 sells for $2.5million

Never before have Central Coast properties been so in demand. We have seen prices soar with many bidders far exceeding asking prices just to secur...

Property

Understanding MBA Admissions Consulting

Pursuing a Master of Business Administration (MBA) degree is a significant decision that requires careful planning and preparation. As the competi...

Business Training

Tips for Your First Move Into Your Commercial Property

Investing in a commercial property is a bold decision, especially when looking to scale up your business. However, a commercial building differs f...

Property

How much is the rent in Brisbane?

If you’re looking at renting an apartment or house in Brisbane, one of the first questions you probably have is how much it is going to cost. Rent...

Property

Why Leadership Training Should Be Open For Freshers In The Corporate Sector

Yes, we know not everyone wants to become a leader - not everyone has leadership skills inside them. We agree, but then that is no reason why you ...

Business Training