NTUC Income AR 2017

BOARD OF DIRECTORS Mr Choong Tuck Oon was first elected to the Board on 23 May 2012 and last re-elected as Director representing the Ordinary Members on 29 May 2015. He is a member of the Risk Management Committee. Mr Chong was with Accenture for more than 20 years until his retirement as Senior Partner in the Financial Services Asia-Pacific practice. He has led strategy, transformation and technology initiatives for more than 20 regional and global banks and insurance companies in Singapore and Asia-Pacific. He was also involved in global Non-Government Organisation activities. Mr Chong also previously held independent non-executive director positions in commercial banks, Islamic bank, private equity firm and stockbroking firm in the region. Mr Choong’s current interests are in digital start-ups, e-commerce and fintech, and he mentors and advises start-ups under various incubators and accelerators in Singapore. Mr Choong holds a Bachelor of Science degree (First Class Honours) from the University of Malaya, a Master of Science degree from the Asian Institute of Technology and Executive Diploma in Directorship from Singapore Management University. Mr Lau Wing Tat was first elected to the Board on 5 June 2013 and last re-elected as Director representing the Institutional Members on 26 May 2016. He is the Chairman of the Investment Committee and a member of the Nominating and Human Resource & Remuneration Committees. Mr Lau is currently a Director of the Central Provident Fund Board and Hyflux Limited. Mr Lau joined the Government of Singapore Investment Corporation (GIC) in 1983 for a career in Investment Management. He was with GIC for the next 20 years, where he played a number of different roles in various departments. Between February 2005 and June 2007, Mr Lau served as the Chief Investment Officer and Chief Executive Officer of DBS Asset Management, a wholly-owned subsidiary of the DBS Group. Thereafter, he took on several directorships and advisory roles. Mr Lau has a First Class Honours degree in Mechanical Engineering from the University of Singapore and is a Chartered Financial Analyst. Ms Pang Wai Yin was co-opted to the Board on 27 February 2017 and formally elected as director representing the Institutional Members on 26 May 2017. She is the Chairperson of the Audit Committee and a member of the Risk Management Committee. Ms Pang’s prior experience included six years of external audit work in a public accounting firm, and 17 years spent in various risk management roles in GIC Pte Ltd. She retired from GIC on 1 July 2014 as Managing Director and Director of the Risk & Performance Management Department. She has extensive experience in formulating risk governance framework and risk management policies as well as implementing risk management systems, processes and a sound internal control environment. Ms Pang is currently an independent director of Avanda Asia Vantage Fund and Avanda Asia Vantage Master Fund. Ms Pang holds a degree in Accountancy from the National University of Singapore and a Masters in Applied Finance from Macquarie University. She is a member of the Institute of Singapore Chartered Accountants. LAU WING TAT DIRECTOR PANG WAI YIN DIRECTOR CHOONG TUCK OON DIRECTOR 13 ANNUAL REPORT 2017 EVERY DAY MADE DIFFERENT