Dear Member,
 
At the 42nd Annual General Meeting which was held on Thursday, 30 August 2018, I shared some developments, key highlights and achievements of IIA Singapore (“Institute”) in the last 12 months.

Pursuant to the By-Laws changes adopted at last year’s AGM to strengthen the Institute’s corporate governance, the following six Governors retired by rotation and did not seek re-election: 
  • Treasurer Abdul Hamid Bin Abdullah
  • Governor Audrey Huang
  • Governor Andrew Koh
  • Governor Uantchern Loh
  • Governor Tan Peck Leng
  • Governor Teo Chee Khiang
On behalf of the Board, I would like to express our gratitude to the retiring Governors for their unwavering support and invaluable contributions in building IIA Singapore to become an even more well-recognised and dynamic Institute. 

I am also pleased to inform you that six new Governors were elected for a term of two years from FY2018/2019 to FY2019/2020. Their vast experience and proven credentials, both within and beyond the internal audit sector, will be an asset to the Institute. We look forward to their insights and expertise as the Institute continues its transformation journey.
 
  • Vincent Cheang, Managing Director and Director of Internal Audit, GIC
  • Goh Chin Yee, Executive Vice President and Head of Group Audit, OCBC Bank
  • Debbie Goh, Senior Vice President, Group Internal Audit, Fraser & Neave Group
  • Lim Boon Chye, Chief Audit Executive, Central Provident Fund Board
  • Nicodemus Tan, Associate Director, Finance and Operations Audit (APAC), United Technologies Corporation
  • Patricia Tan, Associate Professor, Division of Accounting, Nanyang Business School, Nanyang Technological University
They will join the existing Board of Governors comprising:
  • President Tan Boon Yen
  • Vice President Koh Chin Beng
  • Vice President Sia Nam Chie
  • Secretary Tan Suan Ee
  • Treasurer William Lim
  • Governor Raj Bux
  • Governor Jonathan Ho (retired and re-elected)
  • Governor Keith Ng
  • Governor Shalinder Taneja
  • Immediate Past President Eric Lim
Biographies of the new Governors can be found on pages 21 to 25 of the President's Report.

There are exciting opportunities ahead for internal auditors given the transformation and the development of the sector. In the Singapore Government Committee on the Future Economy or CFE Report, internal audit was identified as a high growth practice area, which can help drive the demand of Singapore’s legal and accounting services. Increasingly, we will see internal auditors assuming a trusted advisor role for board of directors, audit committee and management. Technology will dominate the audit activity, which sees increasing opportunities not only for value preservation but also value creation. 
 
 
In the months ahead, the Institute will continue to enhance our professional development programmes and courses for you to sharpen future-ready capabilities and deepen knowledge on governance, risk and controls. 
 
Thank you for your continued support of the Institute.   
 
Yours sincerely,
 
Tan Boon Yen, CIA, CRMA
President
The Institute of Internal Auditors Singapore
 



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