Business Daily Media

Men's Weekly

.

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

ANDPAD Launches Vietnamese Language Support for its Cloud-Based Construction Project Management Service

Expanding Multilingual Support for Global Users TOKYO, JAPAN - Media OutReach Newswire - 26 June 2025 - ANDPAD Inc. (Head Office: Chiyoda-ku, Tokyo; CEO: Takeo Inada; hereinafter ANDPAD), which op...

Changhong Unveils Smart Living Innovations at 2025 Jakarta Expo, Bringing AI-Driven Appliances to Indonesian Homes

Exclusive Shopee partnership brings cutting-edge smart living technology to Indonesian consumers JAKARTA, INDONESIA - Media OutReach Newswire - 24 June 2025 - Changhong, a global leader in smart ...

Malaysia Launches Full-Scale Startup ASEAN Platform To Drive Regional Growth

PUTRAJAYA, MALAYSIA - Media OutReach Newswire - 26 June 2025 - Malaysia today launched the Startup ASEAN platform, marking the full-scale rollout of a bold, unified digital gateway to connect and e...

Hong Kong Civil Claim Centre Launches Free Work Injury Compensation Calculator

HONG KONG SAR - Media OutReach Newswire - 26 June 2025 - The Hong Kong Civil Claim Centre (hkcivilclaim.com) has officially launched a brand-new online feature: the Work Injury Compensation Calcu...

Deleted

This Press release has been killed

SiegFund Transforms into SiegPath: A Strategic Rebrand Paving the Way for the Future of Professional Trading

HONG KONG SAR - Media OutReach Newswire - 24 June 2025 - SiegFund, a fintech–driven proprietary trading platform, has officially completed its brand upgrade and will now operate as SiegPath, serv...

Plaza 66’s Pavilion Extension Tops Out, Opening in Second Half of 2026

Expanding Retail Space by 13% to Boost the New Consumption Economy in Shanghai HONG KONG SAR & SHANGHAI, CHINA - Media OutReach Newswire - 26 June 2025 - Hang Lung Properties Limited (SEHK sto...

New EcoFood@Mandai Development Offers Tailored Food Factory Spaces in the North

SINGAPORE - Media OutReach Newswire - 26 June 2025 - A new food factory hub, EcoFood@Mandai, has officially launched in Singapore’s northern region, bringing purpose-built factory units to a wide ...

GREE Opens Singapore Office to Drive Asia-Pacific Expansion with World-Class Air Conditioning Technologies

SINGAPORE - Media OutReach Newswire - 26 June 2025 - Global electronics manufacturer GREE has officially launched its Singapore branch, marking a key milestone in its expansion in Southeast Asia. ...

HONMA Golf Announces Annual Results for FY2024/25

Continued Gross Profit Margin and Net Operating Cash Flow improvements albeit difficult market conditions HONG KONG SAR - Media OutReach Newswire - 26 June 2025 - HONMA Golf Limited ("HONMA"; tog...

Demand for Home Batteries surges as Federal Rebate Kicks In

A leading provider of energy solutions VoltX Energy has seen a 400% increase in demand for home batteries in the past three weeks as people put d...

Why Sport Remains the Safest Bet in an Uncertain World

When Rome was in crisis, its leaders did not retreat to the Senate. They went to the circus. To the chariot races. To the gladiators. Sport was no...

THE FINE LINE WITHIN HILARIOUS SIGNAGE DESIGN FAILS

It seems like design failures still occur in today’s modern branding era, despite rigorous rounds of approvals behind the scenes. One signage show...

Deputy Announces Exclusive Global Partnership with Predelo to Bring AI to Shift-Based Businesses

Deputy, the global people platform for shift-based businesses, has announced an exclusive partnership with Predelo, an AI Decision Agent-as-a-Serv...

Leftover Budget? The Last-Minute EOFY Tip to Drive Business Success in FY25/26

The countdown is on. With just days left until EOFY, now’s the time to make your remaining 2024–2025 budget work harder and smarter. After workin...

pay.com.au appoints new CEO and Managing Director

The former COO will lead the company’s next growth phase, with ex-CEO Edward Alder transitioning into the role of Managing Director AUSTRALIA, 25...

Sell by LayBy