Building Lifelong Relationships - NUSS
Building Lifelong Relationships - NUSS
Building Lifelong Relationships - NUSS
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national university of singapore society<br />
annual report 2006<br />
Extending Our Reach,<br />
<strong>Building</strong> <strong>Lifelong</strong><br />
<strong>Relationships</strong>
nuss<br />
annual report 2006<br />
mission statement<br />
To foster a lifelong<br />
relationship with NUS<br />
and the wider<br />
graduate community<br />
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At <strong>NUSS</strong>, a lifelong relationship<br />
with NUS and the wider<br />
graduate community is<br />
achieved through two mutually<br />
reinforcing thrusts:<br />
n promoting the interests of<br />
its members and NUS and<br />
n contributing positively to<br />
Singapore’s political and<br />
intellectual development<br />
and helping to cultivate a<br />
more gracious social and<br />
cultural environment.<br />
As the foremost graduate society,<br />
<strong>NUSS</strong> strives to promote the<br />
interests of its stakeholders<br />
by providing appropriate<br />
platforms for all to socialise, build<br />
networks, improve connectivity<br />
and exchange ideas through<br />
a multitude of recreational,<br />
academic, political, social and<br />
cultural activities.
contents<br />
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nuss<br />
annual report 2006<br />
02 notice of annual general meeting 04 president’s message 06 management committee 10 year in review 2006<br />
14 minutes of annual general meeting 22 minutes of general meeting 29 report of management committee<br />
32 report of sub-committees 65 auditors’ report 66 balance sheet 67 income and expenditure account<br />
84 five-year financial performance
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annual report 2006<br />
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Notice of<br />
Annual General Meeting<br />
Dear Members<br />
Notice is hereby given by the Management Committee that the Annual General Meeting of the National University of Singapore<br />
Society will be held on Friday, 27 April 2007 at 7.30pm at Kent Ridge Guild House, 9 Kent Ridge Drive, Singapore 119241.<br />
The business to be transacted at the Meeting is as follows:<br />
1. To confirm the Minutes of the last Annual General Meeting held on 28 April 2006.<br />
2. To confirm the Minutes of the General Meeting held on 2 March 2006.<br />
3. Matters arising from the last Annual General Meeting held on 28 April 2006.<br />
4. Matters arising from the General Meeting held on 2 March 2006.<br />
5. To receive and, if approved, to pass the Annual Report of the Society for the year ending 31 December 2006.<br />
6. To receive and, if approved, to pass the Balance Sheet and Statement of Accounts of the Society for the year ending<br />
31 December 2006.<br />
7. To elect eight (8) members to the Management Committee.<br />
8. To appoint an auditor for the ensuing year.<br />
9. To transact any other business in accordance with the Society’s Constitution.<br />
In accordance with Article 26(1) of the Society’s Constitution, eight (8) vacancies in the Management Committee will arise. The<br />
following members will cease to be members of the Management Committee:<br />
1. Lai Kim Seng 5. Johnny Tan Khoon Hui<br />
2. Chandra Mohan K Nair 6. Tan Siang Chik<br />
3. Oon Tik Lee 7. Tong Hsien-Hui<br />
4. Siva S Retnam 8. Wong Peng Meng<br />
The following members will continue to hold office for another one (1) year:<br />
1. Mohan Balagopal 5. Edward S Tay<br />
2. Vincent Rasa Benedict 6. Teo Chin Tuan*<br />
3. Ong Pin Sam 7. Yee Woon Yim<br />
4 Francis Pavri (Dr) 8. Yip Kum Fei<br />
* Resigned with effect from 7 February 2007 due to overseas posting
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annual report 2006<br />
In accordance with Article 42(1), 43 & 46 of the Society’s Constitution, to consider and pass the following resolution:<br />
“That approval be granted pursuant to Article 14(5) of the Constitution for the Committee to determine a prescribed transfer fee<br />
of less than $2,000.00 (“Discounted Transfer Fee”) for transfers of membership satisfying the following conditions:<br />
(a) the transfer is from spouse to spouse, parent to child or child to parent;<br />
(b) the membership has previously not been transferred by way of payment of a Discounted Transfer Fee or, where the<br />
membership has previously been transferred by way of payment of a Discounted Transfer Fee, the membership has since<br />
been transferred by way of payment of the full transfer fee.”<br />
In accordance with Article 16 of the Society’s Constitution, Honorary Members, Term Members, Overseas Members, Associate<br />
Members, Associate Members who have become Life Members or Senior Members, Corporate Members shall not be qualified<br />
to (i) be officers of or members of the Management Committee unless co-opted by the Management Committee, or (ii) vote,<br />
to move or second resolutions or (iii) nominate members for election to the Management Committee.<br />
In accordance with Article 41(3) of the Society’s Constitution, no resolution shall be proposed at the Annual General Meeting<br />
unless the terms thereof have been previously notified to the Honorary Secretary in writing not less than fourteen (14) days<br />
before the date of such meeting.<br />
Dated this 12th day of March 2007.<br />
Yours sincerely<br />
For and on behalf of the Management Committee of <strong>NUSS</strong><br />
Lai Kim Seng<br />
Honorary Secretary
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annual report 2006<br />
President’s<br />
Message<br />
As quickly as it came, the year 2006<br />
has now passed us by. Looking back<br />
on the flurry of activities for 2006, I am<br />
happy to note that it was a fulfilling<br />
and meaningful year for <strong>NUSS</strong>. In the<br />
furtherance of the Society’s mission and<br />
strategic direction, we have experienced<br />
a memorable year in 2006.<br />
To celebrate our alma mater’s hundredth<br />
anniversary we spearheaded the NUS-<br />
<strong>NUSS</strong> Centennial Golf Challenge and<br />
successfully established Singapore’s<br />
first-ever golf Guinness World Record.<br />
This bears testament to the productive<br />
and successful collaboration that can be<br />
achieved when university and alumni<br />
stand unified.<br />
To enhance the strong bond and closeknit<br />
relationship that we share with<br />
our alma mater, the Management<br />
Committee initiated and hosted<br />
two get-together functions. We met<br />
with the Executive Committee of the<br />
NUS Board of Trustees for dinner in<br />
July 2006 and had the privilege of<br />
hosting a dinner for His Excellency<br />
Mr S R Nathan, President of the Republic<br />
of Singapore, in his capacity as the<br />
NUS Chancellor together with three<br />
of the Pro-Chancellors of NUS, namely<br />
Dr Cheong Siew Keong, Dr Andrew Chew<br />
and Mr Ngiam Tong Dow, in September<br />
2006.<br />
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When the University recognised the<br />
contributions of its alumni with a<br />
series of awards in 2005, eight of the<br />
ten recipients were <strong>NUSS</strong> members.<br />
The NUS Eminent Alumni Award was<br />
conferred on Senior Minister Mr Goh<br />
Chok Tong and Dr Tony Tan, Chairman<br />
of the National Research Foundation<br />
and former Deputy Prime Minister.<br />
Five other prominent members -<br />
Mr Harry Chan Keng Howe, Dr Chee<br />
Phui Hung, Professor Arthur Lim Siew<br />
Ming, Emeritus Professor Kiang Ai<br />
Kim, Professor Saw Swee Hock and<br />
Mr Wong Ah Long - received the NUS<br />
Distinguished Alumni Service Award as<br />
well.<br />
The spirit of cooperation and symbiotic<br />
relations between NUS and <strong>NUSS</strong><br />
are again exemplified in the Alumni<br />
Complex project. The past year<br />
has seen significant progress in its<br />
physical construction, beginning<br />
with a groundbreaking ceremony on<br />
8 May 2006 by Dr Tony Tan. Once<br />
completed, the Alumni Complex will<br />
stand as an iconic landmark and a ‘Home<br />
on Campus’ for the NUS and alumni<br />
community.<br />
The potential of the Alumni Complex to<br />
be a hub of graduate activity is an exciting<br />
notion indeed. In bringing together<br />
graduates from diverse backgrounds,<br />
Chandra Mohan K Nair<br />
President<br />
we envision the Alumni Complex to be<br />
a milieu for intellectual exchange and a<br />
spawning ground for ideas.<br />
For <strong>NUSS</strong>, the Alumni Complex also<br />
presents a favourable opportunity for<br />
us to expand our membership. The NUS<br />
alumni family totals 160,000 graduates<br />
and this number continues to increase<br />
annually. Our current membership<br />
stands at around 12,000, a fraction of<br />
the total NUS alumni body and a fairly<br />
small percentage of the number of<br />
graduates from other local and overseas<br />
universities residing in Singapore. The<br />
potential for growth of our membership<br />
is immense.<br />
The onus is therefore on us, dear fellow<br />
members, to help bridge this great<br />
chasm. If each of us brings in just one<br />
new member, we would double up.<br />
A larger membership base translates to<br />
long-term financial sustainability and<br />
injects greater diversity and vibrancy<br />
to our Society. Please do your part and<br />
make <strong>NUSS</strong> a strong and healthy NUS<br />
alumni body.<br />
I am pleased to report that financially<br />
the Society has performed relatively well<br />
in 2006. Operating income recorded an<br />
overall increase of 6% while overall<br />
operating expenditure was $0.33 million<br />
lower than in 2005. We also brought in a<br />
gross total of 737 new members.
This achievement is one that we can<br />
all be proud of. Every one of us has<br />
made a difference. Certainly then,<br />
part of the Society’s success lies in its<br />
ability to recruit and retain talent. I am<br />
pleased to commend our staff for their<br />
dedication, professionalism and warm<br />
greeting smiles.<br />
In particular, Suntec City Guild House’s<br />
Executive Chef William Lum and his<br />
winning team – Vicky Wong, Steve Yap<br />
and Sanker Krishnamoorthy – did the<br />
Society proud when they bagged four<br />
medals, including a gold, at the Food<br />
& Hotel Asia Culinary Challenge in<br />
April 2006.<br />
Aside from membership recruitment,<br />
your Management Committee and<br />
Secretariat team have been working<br />
tirelessly to prepare the Society for the<br />
challenges that our future may hold.<br />
Participating in a strategic planning<br />
exercise held from September 2006, we<br />
came together to identify the strategic<br />
direction of the Society for the next<br />
five years.<br />
Three special project working committees<br />
were formed in 2006 to explore new<br />
ground. Branding, led by Tong Hsien-<br />
Hui, is looking to improve and update<br />
the Society’s image. Siva Retnam’s<br />
Fundraising team is charged with the<br />
mandate to source for donations and to<br />
open new channels of raising funds for<br />
the Society. Headed by Tan Siang Chik,<br />
the Heritage committee aims to preserve<br />
and promote the rich history of <strong>NUSS</strong> and<br />
its predecessors.<br />
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The year 2006 has seen our colleagues<br />
working hard on the plans for the<br />
development of Bukit Timah Guild House<br />
(BTGH). We hope to have the new facility<br />
ready for use by members towards the<br />
end of 2007.<br />
Steeped in the rich history of its<br />
surroundings, BTGH will be a place<br />
for members to network, interact<br />
and most certainly to reminisce and<br />
indulge in nostalgia. It will be a historic<br />
homecoming as we return to Bukit<br />
Timah Campus with a refurbished<br />
elegant bungalow, 27 years after we<br />
vacated from the Evans Road Guild<br />
House.<br />
As we busied through 2006, I am<br />
heartened that we never forgot to give<br />
back to the community that we have<br />
benefited from.<br />
Once again, <strong>NUSS</strong> has been commended<br />
for its contributions to the local arts<br />
scene. We received the National Arts<br />
Council’s Arts Supporter Award in<br />
recognition of our support for the<br />
Singapore Lyric Opera. Through our<br />
Community Services Sub-Committee,<br />
the Society has also made a difference<br />
to less privileged children and elderly<br />
folk in the course of the year. There is a<br />
lot more we as a graduate society can do<br />
in terms of financial contribution, time,<br />
wisdom, expertise and talent-sharing.<br />
Extending our hand of friendship<br />
beyond our shores, the Society has<br />
furthered its overseas aspirations via the<br />
External Alumni Relations Networking<br />
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annual report 2006<br />
“We have accomplished much in the<br />
past twelve months. This is the strength<br />
of unity. I would like to thank all of you,<br />
my fellow <strong>NUSS</strong> members, for your<br />
unwavering support.”<br />
Sub-Committee. In the year 2006, the<br />
Society successfully concluded three<br />
more reciprocal arrangements with<br />
the University House at the Australian<br />
National University, the University<br />
Women’s Club in London and the<br />
Graduate Union of the University of<br />
Melbourne. These new additions bring<br />
the total number of overseas reciprocal<br />
clubs to six, the other three being the<br />
University Club of Denver in Colorado,<br />
USA, the University Club of Pasadena,<br />
California, USA and the University Club<br />
of Montreal in Canada.<br />
We have accomplished much in the<br />
past twelve months. This is the strength<br />
of unity. I would like to thank all of you,<br />
my fellow <strong>NUSS</strong> members, for your<br />
unwavering support.<br />
Equally deserving of mention are<br />
my colleagues in the Management<br />
Committee, members of the various<br />
Sub-Committees and project task forces<br />
as well as the Secretariat staff. Together,<br />
our passion and dedication will ensure<br />
the continued growth of <strong>NUSS</strong> and<br />
progress on to greater heights.<br />
Chandra Mohan K Nair<br />
President
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Management<br />
Committee<br />
8<br />
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Chandra Mohan K Nair<br />
President<br />
Chairperson, Strategic Planning<br />
Johnny Tan Khoon Hui<br />
Vice-President<br />
Chairperson, Finance<br />
Chairperson, ukit Timah Guild<br />
House Project<br />
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Lai Kim Seng<br />
Honorary Secretary<br />
Chairperson, Alumni Complex Project<br />
Yee Woon Yim<br />
Honorary Treasurer<br />
Wong Peng Meng<br />
Honorary Assistant Secretary<br />
Chairperson, Information Technology<br />
Chairperson, Publication<br />
Siva S Retnam<br />
Honorary Assistant Treasurer<br />
Chairperson, Sports & Recreation<br />
Chairperson, Fundraising<br />
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annual report 2006<br />
Mohan Balagopal<br />
Chairperson, External Alumni<br />
Relations Networking<br />
8 Vincent Rasa Benedict<br />
Chairperson, House,<br />
Food & everage<br />
9 Ong Pin Sam<br />
Chairperson, Community Services<br />
0 Oon Tik Lee<br />
Chairperson, Continuing Education<br />
Francis Pavri (Dr)<br />
Chairperson, Cultural<br />
Chairperson, Resource Panel<br />
Tan Siang Chik<br />
Chairperson, Disciplinary<br />
Chairperson, Heritage<br />
Edward S Tay<br />
Chairperson, Membership<br />
Teo Chin Tuan<br />
Tong Hsien-Hui<br />
Chairperson, randing<br />
Yip Kum Fei
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Partnering our alma mater to create a ‘Home on Campus’<br />
Returning to our roots at Bukit Timah campus<br />
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Engaging student leaders<br />
Welcoming new members into our family
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annual report 2006<br />
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annual report 2006<br />
uilding <strong>Lifelong</strong><br />
<strong>Relationships</strong>
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annual report 2006<br />
HE S R Nathan at the official launch of True Passion<br />
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Year in Review<br />
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The management team - Seated from left to right: Patricia Kok, Membership Marketing Manager; Clara Lee, CEO; Jenny Ng,<br />
Membership Director; Almeta Chia, Head, Corporate & Membership Communications<br />
Standing from left to right: Desmond Lim, Operations Manager, SCGH; Ho Weng Wah, Information Systems Manager; Faraq<br />
Yahiya, Operations Director; Faris Salahudeen, Special Projects Manager; Richard Chitrakar, Sports & Events Manager<br />
An Eventful Year<br />
The year began on a high note with the official launch of the <strong>NUSS</strong> 50 th Anniversary<br />
Commemorative book, True Passion: <strong>NUSS</strong> Fifty Years and On by His Excellency<br />
S R Nathan, President of the Republic of Singapore, on 16 January 2006. Chronicling<br />
the <strong>NUSS</strong> history, the commemorative book served as a timely reminder that passion<br />
forms the bedrock of the Society and resonates the <strong>NUSS</strong> mission statement.<br />
<strong>NUSS</strong>: The Foremost Graduate Society<br />
For <strong>NUSS</strong>, the year under review was characterised by bold new moves, forwardthinking<br />
and long-term planning.<br />
The Management Committee and senior management staff of the Secretariat joined<br />
hands in a strategic planning exercise to chart the direction of the Society for the<br />
next five years.<br />
In a conscious effort to prepare the Society<br />
to meet future challenges and to achieve<br />
its objectives of growing membership,<br />
seeking global connections and<br />
expanding physical infrastructure, the<br />
Management Committee restructured<br />
the Secretariat and placed at its helm a<br />
Chief Executive Officer, Ms Clara S Lee.<br />
Understanding that members form the<br />
lifeline of the Society, bold new steps were<br />
taken to attract and retain members while<br />
adding value to the <strong>NUSS</strong> membership.<br />
Transferability of membership, a new<br />
category of Corporate Members, a oneyear<br />
reduction in entrance fees due to<br />
the redevelopment of Kent Ridge Guild<br />
House as well as a lower entrance fee<br />
for graduates joining the Society within<br />
three years of obtaining their first degree<br />
were proposed and carried at the General<br />
Meeting on 2 March 2006.
Dinner with the NUS Chancellor and Pro-Chancellors<br />
A proactive membership marketing campaign, The Super Deal, was also launched<br />
in October 2006 to attract graduates to join <strong>NUSS</strong> and reward existing members for<br />
referring their friends and family.<br />
Leading intellectual discourse on matters of national interests, <strong>NUSS</strong> organised two<br />
political dialogue sessions – ‘The General Elections: Does Singapore Have a Choice?’<br />
in April 2006 and ‘The General Elections: Post Mortem’ in May 2006. Well-represented<br />
by the local political parties and attended by <strong>NUSS</strong> members and their guests, the<br />
dialogue sessions served as a neutral platform for constructive debate and insightful<br />
observations on the evolving political landscape of Singapore.<br />
Partnering our Alma Mater<br />
Sharing in the NUS centennial celebrations, the Society co-organised the NUS-<br />
<strong>NUSS</strong> Centennial Golf Challenge, which successfully created the first-ever Guinness<br />
World Record for the most number of golfers teeing off simultaneously at a<br />
single day event. The island-wide tournament, graced by<br />
His Excellency President S R Nathan, roped in the support of<br />
13 major golf clubs in Singapore and the participation of some<br />
1,700 NUS alumni, friends and distinguished guests.<br />
A collaborative effort between NUS and <strong>NUSS</strong> to foster<br />
greater alumni interaction and encourage a sense of<br />
belonging amongst graduates, the Alumni Complex will<br />
be an architectural landmark envisioned to be a ‘Home<br />
on Campus’ for graduates past, present and future. The<br />
Groundbreaking Ceremony for the Alumni Complex<br />
was held on 8 May 2006 and officiated by Dr Tony Tan,<br />
Chairman of the National Research Foundation and longstanding<br />
<strong>NUSS</strong> member. Marking the start of the physical<br />
construction of the Alumni Complex, the event also<br />
symbolised a new chapter in the University’s continuing<br />
Engaging members in topics of national interest<br />
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Dr Tony Tan breaks ground for the new Alumni Complex<br />
The NUS-<strong>NUSS</strong> Centennial Golf<br />
Challenge 2006 sets a new world record
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Artist’s impression of the redeveloped Kent Ridge Guild House<br />
Supporting the local arts scene<br />
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efforts to connect with its 160,000-strong alumni by joining hands with its largest<br />
alumni body, <strong>NUSS</strong>.<br />
As NUS’ oldest and largest organised alumni body, the Society strives to achieve this<br />
common goal of inculcating a sense of belonging among graduates by hosting annual<br />
‘<strong>NUSS</strong> New Alumni Dinners’ in conjunction with the University’s commencement<br />
ceremonies. The year under review was no exception as <strong>NUSS</strong> hosted a dinner party<br />
at Suntec City Guild House for the NUS Class of 2006 on 22 July.<br />
The Society also rallied around the University’s fundraising efforts by encouraging<br />
members to support the NUS Annual Giving 2006 – a meaningful campaign to<br />
provide financial assistance to needy undergraduates.<br />
With landmark events like the NUS-<strong>NUSS</strong> Centennial Golf Challenge, notable<br />
developments like the Groundbreaking Ceremony of the Alumni Complex and<br />
lasting traditions like the <strong>NUSS</strong> New Alumni Dinner, the year 2006 witnessed the<br />
strengthening of the symbiotic relationship and close-knit bond that the Society<br />
shares with NUS.<br />
Giving Back to the Community<br />
Steadfast in its philosophy of<br />
contributing to the community,<br />
<strong>NUSS</strong> has supported the local<br />
arts scene, lent a helping hand to<br />
the less privileged and nurtured<br />
young minds in 2006.<br />
A loyal supporter of the Singapore<br />
Lyric Opera (SLO), the Society<br />
gave generously in support of its<br />
Celebrities Concert in November<br />
2006 and co-presented the<br />
production of All That Jazz in<br />
December 2006. In recognition,<br />
the National Arts Council<br />
presented the Society with the<br />
Arts Supporter Award.<br />
Fun and games on Children’s Day<br />
Continuing our service to society,<br />
<strong>NUSS</strong> hosted a Chinese New<br />
Year Festive Gathering for senior<br />
citizens from various homes<br />
and a fun-filled Children’s Day<br />
Party for less privileged children. Celebrating Chinese New Year with senior citizens
Forming friendships through SMP<br />
<strong>NUSS</strong> members also brought Christmas cheer to almost 100 children and elderly folk<br />
through the annual Adopt a Wish programme.<br />
The Student Mentorship Programme celebrated the completion of its eighth year in<br />
2006 and continues to bring together NUS undergraduates and secondary school<br />
students in a peer mentoring relationship.<br />
Individually, <strong>NUSS</strong> members have also done the Society proud. The National Day<br />
Awards 2006 recognised the contributions of several <strong>NUSS</strong> members in nation<br />
building. Notably, <strong>NUSS</strong> Past President Mr Anwarul Haque and Emeritus Professor<br />
Edwin Thumboo were respectively conferred the prestigious Public Service Medal<br />
and Meritorious Service Medal.<br />
Reaching Beyond Our Shores<br />
As part of the Society’s strategic direction, steps were taken to extend <strong>NUSS</strong>’<br />
presence and relationship building efforts beyond Singapore.<br />
The ongoing International Outreach<br />
Programme to Cambodia continued<br />
into 2006 with a week-long Teacher<br />
Training Expedition in June. This marked<br />
the Society’s second trip there since the<br />
inception of the programme in 2005.<br />
Establishing relationships with graduate<br />
associations around the world has been<br />
an enduring aspiration of the Society. In<br />
November 2006, a reciprocal agreement<br />
was signed between <strong>NUSS</strong> and The<br />
Graduate Union of the University of<br />
Melbourne. Through the External Alumni<br />
Relations Networking Sub-Committee,<br />
members now enjoy reciprocity with two<br />
graduate clubs in Australia, two in the<br />
United States of America, and one each in<br />
the United Kingdom and Canada. International Outreach Programme<br />
to Cambodia: Training the trainer<br />
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Minutes Of Annual<br />
General Meeting<br />
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HELD ON 28 APRIL 2006 AT 7.30 PM AT GUILD HALL, KENT RIDGE GUILD HOUSE, 9 KENT RIDGE DRIVE,<br />
SINGAPORE 119241<br />
PRESENT:<br />
MANAGEMENT COMMITTEE<br />
President Chandra Mohan K Nair Committee Members<br />
Vice-President Johnny Tan Khoon Hui Vincent Rasa Benedict<br />
Honorary Secretary Lai Kim Seng Monica Chung Poh Yoke (Ms)<br />
Honorary Treasurer Wong Peng Meng Wilfred Kwok Chin Chye<br />
Hon Asst Secretary Tan Siang Chik Neo Chia Reei (Ms)<br />
Hon Asst Treasurer Siva S Retnam Ong Pin Sam<br />
Edward Stanley Tay<br />
Tong Hsien-Hui<br />
Yip Kum Fei<br />
The meeting was called to order at 7.30 pm by the Chairperson, Mr Chandra Mohan K Nair (Mr Mohan).<br />
1. ATTENDANCE<br />
1.1 140 Ordinary and 11 Associate Members attended the meeting.<br />
2. PRELIMINARIES<br />
2.1 Mr Mohan welcomed all members present and drew the attention of the House to the following preliminaries:<br />
2.1.1 Article 41 (5) of the Constitution stated that Honorary, Life, Senior, Ordinary, Associate, Term and Overseas Members shall<br />
be entitled to attend the meeting. Others present were there as observers.<br />
2.1.2 Ordinary Members, including Honorary, Life and Senior Members who had previously been Ordinary Members, were<br />
eligible to vote.<br />
2.1.3 Voting by proxy was not permitted and would be conducted by ballot.<br />
2.1.4 Members wishing to speak should address the Chairperson and identify themselves each time they spoke.<br />
2.1.5 In accordance with Article 24 (1) of the Constitution, eight members would be elected to the Management Committee<br />
(MC) and they would hold office until the second Annual General Meeting following their election.<br />
2.1.6 In accordance with Article 39 (3) of the Constitution, no resolution had been proposed by any member eligible to attend<br />
and/or vote.<br />
2.1.7 The Society’s auditors, Mr Wong Keng Kok and Mr Ho Teck Keong from Foo Kon Tan Grant Thornton, were present and<br />
would act as scrutineers of the ballot.<br />
2.1.8 The Society’s lawyer, Mr Anwarul Haque from Madhavan Partnership, was present.<br />
3. TO CONFIRM THE MINUTES OF THE ANNUAL GENERAL MEETING HELD ON 29 APRIL 2005<br />
3.1 The minutes were confirmed with the following amendment:<br />
“Item 6.12 - Membership Services and Relations<br />
Mr Gary Ong Yow Chong (OA252L) was amended to Dr Gary Ong Tang Yeow (OA174P).”
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3.2 The minutes were passed and accepted on a proposal by Mr Edmund Tan Peng Yew (TA178R) and seconded by Mr Harry<br />
Chan Keng Howe (C0067L).<br />
4. TO CONFIRM THE MINUTES OF THE GENERAL MEETING HELD ON 9 NOVEMBER 2005<br />
4.1 The minutes were passed and accepted on a proposal by Mr GS Rengarajoo (GA135G) and seconded by Mr Teo Chin Tuan<br />
(T0784D).<br />
5. MATTERS ARISING FROM THE MINUTES OF THE ANNUAL GENERAL MEETING HELD ON 29 APRIL 2005<br />
5.1 DISCUSSION ON MATTERS ARISING<br />
5.1.1 CLASSES OF MEMBERSHIP<br />
5.1.2 Mr Donald Wyatt (Mr Wyatt) (W0818S) informed that a new resolution to amend Article 12 of the Constitution proposed<br />
by the Senior Circle was notified to the Honorary Secretary less than fourteen days before the Annual General Meeting.<br />
As such, the proposal to create a new membership category of Veteran Members would be raised only as an item for<br />
discussion during the meeting.<br />
5.1.3 Addressing this proposal, Mr Mohan explained that the MC had reviewed the suggestion and was of the view that the<br />
existing Life and Senior membership categories cover adequately the parameters proposed for Veteran membership.<br />
5.1.4 To this, Ms Jenny Soh (SA268C) requested clarification on how Life and Senior membership “cover adequately the<br />
parameters proposed for Veteran membership”.<br />
5.1.5 In reply, Mr Mohan referred to Articles 7 and 8 of the Constitution on the criteria for Ordinary or Associate Members to<br />
qualify as Senior or Life Members. He added the MC was of the view that it was not necessary to make further changes to<br />
the Constitution on classes of membership for the time being.<br />
5.1.6 In reply to a query from Dr Francis Pavri (Dr Pavri) (P2086A), Mr Mohan clarified that the resolution proposed an additional<br />
class of members, the Veteran Members. Dr Pavri said while he would personally welcome the proposal, he was concerned<br />
about the huge financial implications that could arise.<br />
He added that the demographics showed that the Society’s membership was rapidly ageing and in the near future,<br />
subscription income would be reduced drastically with many Ordinary or Associate Members qualifying to be Veteran<br />
Members.<br />
In light of this, he suggested that:<br />
1. the MC work out the financial implications on subscription income and<br />
2. Senior Circle members fine-tune their proposal.<br />
5.1.7 Mr Wyatt clarified that the resolution defined a Veteran Member as an Ordinary or Associate Member who had been a<br />
member for a continuous period of 20 years and who had attained the age of 60 years. As such, the criteria for a Veteran<br />
Member would be different from those of a Senior or Life Member.<br />
The rationale was to enable many Ordinary or Associate Members who would not qualify to be a Life Member on retirement<br />
to qualify as a Veteran Member and pay a reduced monthly subscription.<br />
He pointed out that the Society had offered many incentives to entice younger graduates to join but on the flip side, there<br />
were 350 resignations last year.<br />
He added that many members of the Senior Circle were also members of other clubs and the resolution was meant to<br />
encourage them to stay with the Society.<br />
5.1.8 Dr Rosemary Khoo Ghim Choo (Dr Khoo) (KA400R) observed that senior members were generally not heavy users of the<br />
Club’s facilities. Rather, they tend to patronise food and beverage outlets and the fruit machine rooms, which was an<br />
important revenue stream.<br />
She added that the proposed Veteran Membership scheme could help to attract a new class of members and enable the<br />
Society to generate more revenue.
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5.1.9 Mr Robert Tay Chee Seng (Mr Tay) (T2803G) noted that some members who were younger than 60 years of age had<br />
already been members for a continuous period of 25 years or more. This group of members would not qualify to be a<br />
Life Member under the current Constitution.<br />
He added that this could open a Pandora’s box of requests from members for more classes of membership in an attempt<br />
to level the playing field.<br />
5.1.10 Mr Mohan thanked members for their feedback and added that the incoming MC would need to consider the members’<br />
feedback as well as the multi-faceted implications of this resolution.<br />
He requested the Senior Circle to put across a strong case to the incoming MC.<br />
6. MATTERS ARISING FROM THE MINUTES OF THE GENERAL MEETING HELD ON 9 NOVEMBER 2005<br />
6.1 There were no matters arising from the minutes of the General Meeting held on 9 November 2005.<br />
7. TO ELECT EIGHT MEMBERS TO THE MANAGEMENT COMMITTEE<br />
7.1 Mr Mohan announced that there were sixteen candidates standing for election. They were :<br />
1. Mohan Balagopal 9. Francis Pavri (Dr)<br />
2. Vincent Rasa Benedict 10. Jenny Soh (Ms)<br />
3. Chua Joon Eng (Dr) 11. Teo Chin Tuan<br />
4. Daniel Chong Boon Chin 12. Edward Stanley Tay<br />
5. Kang Choon Seng 13. Michael Teo Swee Eng<br />
6. Wilfred Kwok Chin Chye 14. Donald Wyatt<br />
7. Neo Chia Reei (Ms) 15. Yee Woon Yim<br />
8. Ong Pin Sam 16. Yip Kum Fei<br />
7.2 Mr Mohan requested that the candidates introduce themselves within the stipulated time limit of two minutes each.<br />
7.3 After the candidates’ presentations, Mr Mohan reminded eligible members that they should vote for a minimum of five<br />
and a maximum of eight candidates.<br />
Mr Mohan then announced that voting had commenced.<br />
7.4 Mr Mohan took the opportunity to thank Dr Cheah Kim Fee (Dr Cheah) and Ms Monica Chung (Ms Chung) for their<br />
contributions to the MC and the Society. Both were not standing for the current election. Dr Cheah had relocated to<br />
Hong Kong.<br />
7.5 Ms Chung thanked the MC for giving her the opportunity to serve and promised to continue to be active in sports.<br />
8. TO RECEIVE AND, IF APPROVED, TO PASS THE ANNUAL REPORT OF THE SOCIETY FOR THE YEAR ENDED<br />
31 DECEMBER 2005<br />
8.1 COMMUNITY: SPIRIT OF SERVICE & GIVING<br />
Mr Mohan apologised for omitting to feature the four <strong>NUSS</strong> members who were presented with the Distinguished Alumni<br />
Service Award by NUS.<br />
He took the opportunity to congratulate Mr Harry Chan Keng Howe, Dr Chee Phui Hung, Emeritus Professor Kiang Ai Kim<br />
and Mr Wong Ah Long and thanked them for their stellar service to the Society and their alma mater.<br />
He remarked that the award reflected the growing symbiosis between NUS and the Society and hoped that more members<br />
would receive the award in future.<br />
8.2 COMMUNITY SERVICES, CULTURAL & SOCIAL<br />
There were no comments.<br />
8.3 CONTINUING EDUCATION<br />
There were no comments.
8.4 DISCIPLINARY<br />
There were no pending cases.<br />
8.5 EXTERNAL ALUMNI RELATIONS NETWORKING<br />
There were no comments.<br />
8.6 FINANCE<br />
There were no comments.<br />
8.7 HOUSE, FOOD & BEVERAGE<br />
There were no comments.<br />
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8.8 MEMBERSHIP<br />
8.8.1 Mr Harry Chan Keng Howe (Mr Chan) (C0067L) thanked Mr Mohan for his compliments and apologised that he had to<br />
bring up the matter on the relegation of the Senior Circle so soon after.<br />
As a founding member of <strong>NUSS</strong>, he stated that he had taken the responsibility to establish the Senior Circle Sub-Committee<br />
about eight years ago.<br />
The Senior Circle organised many activities of particular interest to its members only and such activities were, by and large,<br />
not pursued by the general membership.<br />
He thus expressed concern to read on page 48 of the Annual Report that the Senior Circle had been “subsumed” under the<br />
Membership Sub-Committee to which it was unrelated either organically or functionally.<br />
The demographics showed that more than a third of the Society’s members were aged 50 years and above. Against the<br />
backdrop of a growing number of senior members, he outlined the Senior Circle’s vision to upgrade itself into an academy<br />
of lifelong learning or elder learning with links to NUS.<br />
8.8.2 Mr Mohan clarified that the MC had no intention to downgrade the Senior Circle when it was decided to bring the Young<br />
Chapter and the Senior Circle under the larger umbrella of the Membership Sub-Committee.<br />
He revealed that the MC had been concerned about the welfare of the full-time Secretariat staff as some executives<br />
had to attend Sub-Committee meetings in the evenings and at night almost every day. To streamline the deployment<br />
of the staff and better co-ordinate the Society’s activities and plans, the MC had tried to revamp and merge the various<br />
Sub-Committees where appropriate.<br />
He added that in terms of generation of activities, the MC had never stopped supporting and financing the Senior Circle.<br />
He assured the Senior Circle that their views would be considered and the incoming MC could review this matter to make<br />
the re-organisation more palatable to all segments of the Society.<br />
8.8.3 Ms Mary Ng Geok Eng (Ms Ng) (N3615N) commented that the Senior Circle members did not receive administrative support<br />
when they were organising their activities.<br />
Mr Mohan assured her that the incoming MC will look into this matter.<br />
8.8.4 Dr Pavri noted that many Senior Circle members were not only available during the evenings but also in the mornings<br />
and afternoons. Meetings could be held during office hours with administrative support which would help to solve<br />
the problem.<br />
Dr Pavri requested the incoming MC to look into the possibility of organising non-certificate “audit” courses in conjunction<br />
with universities for the benefit of senior members.<br />
Mr Mohan thanked him for his feedback and said that he would bring up the matter on “audit” courses with NUS on behalf<br />
of the MC.<br />
Mr Chan informed that one of the objectives of the academy envisioned by the Senior Circle was to negotiate with NUS to<br />
organise “audit” courses for the increasing population of senior members.
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8.8.5 Dr Khoo commended the work of the MC and hoped that the Senior Circle would be given a rightful and esteemed place<br />
in <strong>NUSS</strong>.<br />
Mr Mohan thanked her for her compliments and reiterated that the Senior Circle had always been and will continue to be<br />
held in high esteem.<br />
8.8.6 Mr Andrew Teo Neng Wee (Mr Teo) (TA823C) commended the Senior Circle on their vision to establish an academy.<br />
Mr Teo felt that the shortfall of manpower at the Secretariat was not a good reason to absorb the Senior Circle into another<br />
Sub-Committee.<br />
In reply to Mr Teo’s enquiry on the MBA Graduate Programme, Ms Neo Chia Reei informed that NUS MBA graduates may<br />
attend two modules offered by the MBA programme every semester (subject to seat availability) at no cost for the rest of<br />
their lives.<br />
Mr Mohan added that details on the MBA Graduate Programme would be posted on the Society’s website for<br />
members’ information.<br />
8.8.7 In response to some of the points raised by members, Mr Edward Stanley Tay (Mr Edward Tay) (TA378R) highlighted that<br />
the Membership Sub-Committee had agreed to take care of the Young Chapter and Senior Circle Focus Groups on the<br />
assurance by the MC that the re-organisation would not diminish the resources specifically allocated to these groups.<br />
There was no intention to integrate or downgrade these groups.<br />
He added that in view of the sentiments expressed by the Senior Circle members and some other members, the incoming<br />
MC would need to re-look the issue.<br />
He reiterated that there was no intention on the part of the MC to show disrespect to any segment or to diminish support<br />
for either of the two focus groups.<br />
8.8.8 After further discussion, Mr Mohan gave the assurance that the MC respected all segments of members and in particular<br />
the Senior Circle. He reiterated that there was no intention to hurt any member or segment during the re-organisation of<br />
the Sub-Committees.<br />
He added that the incoming MC would certainly review the issues and there would be a positive outcome.<br />
8.8.9 Mr Wah June Hwang (Mr Wah) (WA245R) suggested that the MC take a step back and reassess the Society’s current position.<br />
Bearing in mind the Society’s objectives, he questioned if the focus on the recruitment of new members served, or was in<br />
line with, these objectives.<br />
Mr Mohan noted his comments.<br />
8.8.10 Mr Low Siew Aik (Mr Low) (L4882A) referred to the table on membership demographics by age group on page 47 of the<br />
Annual Report.<br />
He extrapolated that the younger members were leaving while the older members were increasing. More than 50% of the<br />
members were above 40 years old. He queried whether the MC was aware of this.<br />
Mr Mohan replied that the MC was aware of this development and that many incentives were being offered to<br />
entice younger graduates to join. The MC was also exploring the idea of a roadshow to reach out to the undergraduate<br />
population.<br />
He added that if every member could bring in one young member to join the Society, it would go a long way in ensuring<br />
the Society’s long-term sustainability.<br />
8.9 PUBLICATION & INFORMATION TECHNOLOGY<br />
8.9.1 Mr David Ho Peng Cheong (Mr Ho) (HA223G) recalled that the MC in 2005 had appointed one Peter HL Lim to do a project<br />
paper. As there was no mention of this in the Annual Report, he requested for an update.<br />
Mr Mohan replied that certain events (such as the corporatisation of NUS) had overtaken that project and, in a sense, it<br />
was aborted.
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In reply to Mr Ho’s query on the project cost, Mr Mohan stated that it was $30,000. $10,000 had been paid for the first<br />
phase and a maximum of another $5,000 was due as balance payment. He added that the MC hoped to resolve the<br />
matter with Peter Lim by paying him $2,500 or 50% of the sum due.<br />
Mr Mohan thanked Mr Ho for raising this matter and said that it should be finalised within the next one or two weeks.<br />
8.10 SPORTS & RECREATION<br />
8.10.1 Mr Ho commended the Sub-Committee for doing a good job. However, he was concerned that only 1,594 members<br />
were active in sporting activities. The figure was only 586 or 0.5% of the total membership if the 1,008 golfing members<br />
were excluded.<br />
He suggested that benchmarks could be set for the incoming Sub-Committee to recruit more members to participate<br />
actively in sporting activities.<br />
Mr Mohan said that the incoming Sub-Committee would certainly have to look at how more members could be encouraged<br />
to embrace a healthier and active lifestyle through sports.<br />
8.10.2 Mr Chay Wai Hong (Mr Chay) (CA641K) said he recently signed up for a personal training programme conducted at the<br />
Society’s gymnasium and paid $900 for 10 sessions with all the money going to the personal trainer.<br />
He pointed out that personal training programmes were popular and suggested that the Society could earn some revenue<br />
by organising such programmes in-house.<br />
Mr Mohan thanked Mr Chay for his suggestion and welcomed members to write in if they had any good ideas. The ideas<br />
would be implemented if they were found to be feasible.<br />
8.10.3 Mr Roy Tay @ Chionh Chai Chuan (Mr Roy Tay) (C2860G) agreed that fitness programmes would be a lucrative revenue<br />
stream for the Society. He suggested appointing a Fitness Convenor who would bridge the gap and better facilitate<br />
communication between staff and the MC.<br />
8.10.4 Mr Francis Tan Kok Vui (Mr Tan) (TA129D) highlighted an error on page 58 of the Annual Report. The caption of the<br />
Badminton Section photograph erroneously stated ‘<strong>NUSS</strong> Squash Section’.<br />
8.11 The Annual Report for the year ended 31 December 2005 was passed and accepted on a proposal by Ms Lim Bee Lum<br />
(L2298J) and seconded by Mr Low Siew Aik (L4882A).<br />
9. TO RECEIVE AND, IF APPROVED, TO PASS THE BALANCE SHEET AND STATEMENT OF ACCOUNTS OF THE SOCIETY FOR THE<br />
YEAR ENDED 31 DECEMBER 2005<br />
9.1 Mr Nari Lulla (Mr Lulla) (L4365P) remarked that there was an apparent conflict of interest when one of the Executive<br />
Committee members was also serving as the Interim General Manager of the Society. This was because Executive<br />
Committee members had the power to endorse policies of the Society while the General Manager had the authority to<br />
hire staff.<br />
9.1.1 Mr Mohan assured him that under the Constitution, there was no conflict of interest as Mr Lai Kim Seng (Mr Lai), the<br />
Honorary Secretary, was only serving as the Interim General Manager on a gratis basis. Mr Lai was serving in good faith and<br />
had made a great personal sacrifice to ensure that the Society ran smoothly until a full-time professional General Manager<br />
could be found.<br />
He added that the Society’s accounts were scrutinised by its external auditors to ensure that all its financial statements<br />
were in order.<br />
He informed that the MC had been actively looking for a General Manager and members could inform him if they knew of<br />
any potential candidates.<br />
9.1.2 In reply to a query from Dr Pavri, Mr Mohan confirmed that Mr Lai had been serving as Interim General Manager for the<br />
past six months since the resignation of the previous General Manager.
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9.1.3 Mr Philip Antony Jeyaretnam (Mr Jeyaretnam) (JA009Z) commented that it was important to hire a person of calibre and<br />
with experience as General Manager of the Society. A competent General Manager empowered to run a club would be<br />
able to enhance the value of the membership, generate revenue through high usage of the club’s facilities, prevent leakage<br />
of F&B inventories through theft etc.<br />
He added that the MC should look at the philosophy, culture and tradition of the Society to build up a sense of loyalty and<br />
camaraderie among its members.<br />
Mr Mohan thanked Mr Jeyaratnam for his comments.<br />
9.2 Mr Ho queried why the Society had Planet Fitness income of $133,806 (page 78) and expenditure of $139,708 (page 79).<br />
9.2.1 Mr Johnny Tan Khoon Hui (Mr Johnny Tan) (T4401K) replied that the income was derived from the Planet Fitness<br />
membership fees paid by members to the Society. The Society in turn remitted this amount to Planet Fitness.<br />
The deficit of about $6,000 stemmed from the carry-over of previous years’ subsidies that the Society granted to members<br />
when it moved from Orchard Guild House to Suntec City Guild House.<br />
This subsidy has since lapsed, and the income and expenditure amounts should balance in the 2006 accounts.<br />
9.3 In reply to Ms Yee May Pao (Ms Yee) (Y2265G) on “Net Members’ entrance fee”, Mr Johnny Tan said that the higher amount<br />
received for 2004 was due to the successful year-long membership drive during the Society’s 50 th anniversary.<br />
9.4 Mr Roy Tay made a statement that the Secretariat staff had only received one salary increment in the last five years.<br />
9.4.1 Mr Lim Soo Hwee (Mr Lim) (L2939G) requested that the MC confirm or deny Mr Roy Tay’s statement above. Mr Johnny Tan<br />
clarified that it was untrue that the Secretariat staff did not receive any salary increase in the last five years.<br />
He added that it was true that four or five years ago, the staff did not receive any increase because the Society was not<br />
doing well financially due to the SARS outbreak.<br />
Since then, the Society had progressed from a fixed pay to a performance-based pay structure based on a pre-determined<br />
formula, which was transparent to the staff.<br />
9.5 Mr Ho requested the MC to prepare a three-year cash flow forecast to ensure the Society would have enough funds for the<br />
redevelopment of Kent Ridge Guild House.<br />
In response, Mr Lai presented a slide showing details of the information requested by Mr Ho.<br />
Mr Ho also requested a five-year financial forecast to be prepared for the Annual Report so that members would be aware<br />
of the Society’s financial position for the next five years.<br />
Mr Mohan replied that the MC would try to provide the requested information although it would not be an easy task.<br />
9.6 The Balance Sheet and Statement of Accounts for the year ended 31 December 2005 were passed on a proposal by<br />
Mr David Ho Peng Cheong (HA223G) and seconded by Emeritus Professor Kiang Ai Kim (K0303N).<br />
10. TO APPOINT AUDITORS FOR THE ENSUING YEAR<br />
10.1 Mr Jeyaretnam proposed and Emeritus Professor Kiang seconded the re-appointment of Foo Kon Tan Grant Thornton as<br />
auditors for another year.<br />
11. TO TRANSACT ANY OTHER BUSINESS IN ACCORDANCE WITH THE SOCIETY’S CONSTITUTION<br />
11.1 Mr Mohan invited members to raise any issues regarding the Society.<br />
11.2 Ms Mary Ng Geok Eng (N3615N) proposed that the Senior Circle be reinstated as an independent Sub-Committee and<br />
administrative support be provided to its members.
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11.3 Mr Harry Chan suggested forming a long-term planning committee comprising distinguished members to lead the<br />
Society into the future.<br />
11.4 Emeritus Professor Kiang felt that the Society should plan to acquire its own property after so many years of leasing.<br />
11.5 Mr Anwarul Haque (H0236M) pointed out that the “<strong>NUSS</strong>” brand name should be used independently, and not “subsumed”<br />
under “NUS”, for any public event organised by the Society.<br />
11.6 In response to a query by Mr Lim Soo Hwee (L2939G) regarding the election of the Society’s President by popular vote,<br />
Mr Mohan suggested he table a fresh resolution at the next AGM. Such a resolution would require a two-third majority<br />
to pass as it involved amending the Constitution.<br />
11.7 Mr GS Rengarajoo (GA135G) requested that Associate Members be given two seats in the MC so that they could actively<br />
participate in the running of the Society.<br />
Mr Mohan commented that the right to vote and to be office bearers remain vested in Ordinary Members. Associate<br />
Members who wished to contribute to the Society could participate in the various Sub-Committees.<br />
Mr Mohan urged Associate Members to put up a strong case for this matter to the MC to consider.<br />
11.8 In reply to enquiries on HR matters by Mr Andrew Teo Neng Wee (TA823C), Mr Lai replied:<br />
1. the staff turnover of the Society had stabilised. A few years ago, it was fairly high.<br />
2. the HR function had been delegated to the Executive Committee comprising the President, Vice-President, Honorary<br />
Secretary and Honorary Treasurer.<br />
11.9 There being no other matters raised, Mr Mohan declared the voting closed. He called for a recess for the votes to be<br />
counted.<br />
12. VOTING RESULTS<br />
12.1 Mr Mohan declared the following candidates elected to the new Management Committee for the term 2006/2007:<br />
1. Mohan Balagopal 5. Edward Stanley Tay<br />
2. Vincent Rasa Benedict 6. Teo Chin Tuan<br />
3. Ong Pin Sam 7. Yee Woon Yim<br />
4. Francis Pavri (Dr) 8. Yip Kum Fei<br />
12.2 Mr Mohan noted that Mr Wilfred Kwok and Ms Neo Chia Reei were not re-elected. He took the opportunity to thank<br />
them for their contributions to the MC and the Society and hoped that they would continue to contribute to the Society<br />
through active participation in the various Sub-Committees.<br />
12.3 The meeting concluded at 11.15 pm with the Chairperson thanking the members for their attendance and views, and the<br />
staff for their effort in making the meeting a successful event.<br />
Lai Kim Seng<br />
Honorary Secretary
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Minutes Of<br />
General Meeting<br />
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HELD ON 2 MARCH 2006 AT 7.30 PM AT GUILD HALL, KENT RIDGE GUILD HOUSE, 9 KENT RIDGE DRIVE,<br />
SINGAPORE 119241<br />
PRESENT:<br />
MANAGEMENT COMMITTEE<br />
President Chandra Mohan K Nair Committee Members<br />
Vice-President Johnny Tan Khoon Hui Vincent Rasa Benedict<br />
Honorary Secretary Lai Kim Seng Monica Chung Poh Yoke (Ms)<br />
Honorary Treasurer Wong Peng Meng Wilfred Kwok Chin Chye<br />
Hon Asst Secretary Tan Siang Chik Neo Chia Reei (Ms)<br />
Hon Asst Treasurer Siva S Retnam Ong Pin Sam<br />
Oon Tik Lee<br />
Edward Stanley Tay<br />
Tong Hsien-Hui<br />
Yip Kum Fei<br />
1. ATTENDANCE<br />
1.1 The Chairperson, Mr Chandra Mohan K Nair (Mr Mohan), welcomed all members present and called the meeting to<br />
order at 7.30 pm. He informed the House that the following members had registered for the meeting: 88 Ordinary and<br />
6 Associate Members.<br />
2. PRELIMINARIES<br />
2.1 Mr Mohan drew the attention of the House to the following preliminaries:<br />
2.2 Article 41 (5) of the Constitution stated that Honorary, Senior, Life, Ordinary, Associate, Term and Overseas Members shall<br />
be entitled to attend the meeting. Others present were there as observers.<br />
2.3 Article 41 (6) of the Constitution stated that subject to Article 33 (4), only Ordinary members and Senior or Life Members<br />
who were previously Ordinary Members and who were present at a General Meeting shall be entitled to vote and each<br />
such member shall be entitled to one vote.<br />
2.4 The Society’s auditors from Foo Kon Tan Grant Thornton were present and would serve as scrutineers of the ballot.<br />
2.5 Voting would be conducted by ballot.<br />
2.6 Members who wished to speak should first address the Chairperson and state his or her full name and membership number<br />
for identification each time they spoke.<br />
2.7 Members when speaking on any issue should keep to the allotted time so as to allow others an equal opportunity to speak.<br />
Members should use the microphones stationed near the seat aisles.<br />
2.8 The purpose of the General Meeting was to consider four resolutions; namely Resolution One on Transferability of<br />
Membership, Resolution Two on Corporate Membership, Resolution Three on Adjustment of Entrance Fee and Resolution<br />
Four on Entrance Fee for Graduates joining within three years of obtaining their first degree.<br />
2.9 Members were advised to hear the arguments for and against the Resolutions before casting their votes. Members<br />
should vote with the blue ballot form for Resolution One, the yellow ballot form for Resolution Two, the green ballot<br />
form for Resolution Three and the pink ballot form for Resolution Four. Members should deposit the ballot forms into<br />
the respective ballot boxes stationed at the back of the Guild Hall.
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2.10 The Proposer would be invited to propose the four resolutions followed by the seconder to second the same.<br />
2.11 Next, the Proposer would be invited to present the case to the House following which the House would discuss the<br />
resolutions. As the resolutions were intertwined, the House would not need to focus on Resolution One first but could<br />
discuss across the resolutions generally.<br />
3. PROPOSER OF RESOLUTIONS<br />
3.1 Mr Mohan invited Mr Edward Stanley Tay (Mr Tay) (TA378R) to propose the four resolutions and give his introductory<br />
remarks.<br />
3.2 Mr Tay proposed the following resolutions in accordance with Articles 40 (1), 41 and 26 (1) of the <strong>NUSS</strong> Constitution:<br />
“That the Constitution of the <strong>NUSS</strong> be amended as follows:<br />
Resolution One<br />
By the addition of a New Article entitled Transferability of Membership<br />
Resolution Two<br />
By the addition of a New Article entitled Corporate Members<br />
Resolution Three<br />
Contingent on Resolution One being passed:<br />
1. A discount of $1,000 off the entrance fee of $3,000 be offered to all persons who join as Ordinary Members and Associate<br />
Members for a period of one year from the date of this resolution<br />
2. The entrance fee be increased to $4,000 upon the commencement of operations of the new Alumni Complex<br />
3. The entrance fee be increased to $5,000 on the first anniversary of the commencement of operations of the new<br />
Alumni Complex<br />
Resolution Four<br />
That the entrance fee be $2,000 for all persons who join the Society as Ordinary Members or Associate Members<br />
within three years from the date that they first obtain a degree which qualifies them to join as Ordinary Members or<br />
Associate Members.”<br />
Mr Tong Hsien-Hui (Mr Tong) (TB127V) seconded the proposed resolutions.<br />
4. INTRODUCTORY REMARKS BY THE PROPOSER<br />
4.1 Mr Tay outlined the purposes of the four resolutions:<br />
n to introduce transferability to the categories of Ordinary Membership and Associate Membership<br />
n to introduce Corporate Membership<br />
n to adjust and refine the entrance fee for a period to coincide with the forthcoming renovation works at Kent Ridge<br />
Guild House and in tandem with the commencement of operations and the first anniversary of the commencement<br />
of operations of the new Alumni Complex<br />
n to introduce a permanent discount for new graduates to join as Ordinary or Associate Members.<br />
4.2 He gave an overview on the need to generate new sources of revenue by increasing the membership base for <strong>NUSS</strong> to<br />
fund its planned development expenditure and highlighted the following points to the House:<br />
<strong>NUSS</strong> had committed to spend a total of $34 million to upgrade Kent Ridge Guild House in two phases and to set up a Guild<br />
House at the Bukit Timah Campus.<br />
<strong>NUSS</strong> had reserves of $27.3 million which would leave a shortfall of $6.7 million.
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annual report 2006<br />
Entrance fee revenue was estimated at around $600,000 yearly.<br />
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Membership had gradually declined from 11,895 in 2002 to 11,735 currently despite the introduction of the <strong>NUSS</strong>-DBS<br />
Platinum Card, which attracted a total of about 700 to 800 new members.<br />
Subscription income was stable at about $6 million yearly.<br />
About 40% of members who resigned cited that they were too busy to use the facilities or did not participate in the<br />
activities of <strong>NUSS</strong>.<br />
It was crucial to increase the membership base and stem the number of resignations. A study done by one of <strong>NUSS</strong>’<br />
consultants showed that membership was elastic and would increase in tandem with a decrease in entrance fee. The crux<br />
was to determine how much the entrance fee could be lowered to attract more new members.<br />
To encourage existing Ordinary Members, Associate Members, Ordinary Members who had become Life Members or<br />
Senior Members to remain, these members could transfer their membership to persons who qualified to be an Ordinary<br />
Member or an Associate Member as set out in Article 9 and Article 10 of the Constitution respectively by paying a<br />
prescribed transfer fee of not less than $2,000.<br />
Transferability of membership would also encourage new graduates to join as they would be able to recoup some, if not<br />
all, of their entrance fee should they wish to resign in future.<br />
Transferability of membership would help to ensure that <strong>NUSS</strong> would not lose too many members during the upgrading<br />
period of Kent Ridge Guild House. As there would be fewer facilities, some members might wish to resign to avoid paying<br />
their monthly subscription fee.<br />
New graduates who join as Ordinary or Associate Members within three years of obtaining their first degree would pay a<br />
discounted entrance fee of $2,000. This would be in line with <strong>NUSS</strong>’ objective to welcome new graduates.<br />
Contingent on Resolution One being passed, not only the new graduates but all eligible persons would be able to join as<br />
Ordinary and Associate Members for $2,000 (a discount of $1,000 off the current entrance fee of $3,000) for a period of one<br />
year from the date of Resolution Three. This concession would be necessary as during this period, Kent Ridge Guild House<br />
would be undergoing upgrading works and the swimming pools and tennis courts would be demolished, resulting in<br />
fewer facilities available for members’ use.<br />
The entrance fee would be increased to $4,000 and $5,000 in tandem with the commencement of operations and the first<br />
anniversary of the commencement of operations of the new Alumni Complex respectively.<br />
Corporate membership would be introduced to generate more revenue for <strong>NUSS</strong>.<br />
5. MEMBERS’ DISCUSSION ON THE FOUR RESOLUTIONS<br />
5.1 Mr Mohan thanked Mr Tay for the introduction and invited the House to discuss the Resolutions.<br />
5.2 Mr Ernest Wong Thian Yow (Mr Wong) (W0802D) raised the possibility of prolonging the instalment period for payment<br />
of the entrance fee for new members. He added that depending on <strong>NUSS</strong>’ cash flow, certain incentives could be<br />
introduced later to enable new members to telescope their instalment payments.<br />
5.3 Mr Mohan noted that as many fresh graduates found it difficult to pay the entrance fee when they commenced working<br />
during the first year after graduation, they could pay by instalments under the current instalment scheme. The current<br />
Management Committee (MC) or incoming MC in April could consider Mr Wong’s suggestion to offer incentives to<br />
members to pay up earlier but would not have the authority to sanction the payment of a lesser amount as the entrance<br />
fee was fixed by the House.<br />
5.4 Mr Wah June Hwang (WA245R) (Mr Wah) commented that the monthly subscription fee should be reduced for existing<br />
members as they would also face the same issue of fewer facilities at Kent Ridge Guild House which was the raison d’etre<br />
given for the reduction of the entrance fee to $2,000.
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5.5 Mr Tay replied that based on the current financial position of <strong>NUSS</strong>, the MC would not be able to consider this matter.<br />
However, if <strong>NUSS</strong>’ finances were to improve in future due to increased membership and revenue, then future committees<br />
could consider this matter as it appeared to enjoy the support of many members present at the meeting.<br />
5.6 Mr Lai Kim Seng (Mr Lai) (L2353H) added that while there would be a loss of some facilities at Kent Ridge Guild House<br />
during the upgrading period, the MC had made alternative arrangements for members to use facilities in the vicinity, such<br />
as at the NUS Sports & Recreation Centre and the new NUS High School. In addition, Singapore Polytechnic Graduates’<br />
Guild would allow members to use their facilities under a reciprocal arrangement.<br />
5.7 Mr Low Siew Aik (Mr Low) (L4882A) enquired on the implementation date for the transferability of membership.<br />
5.8 In reply, Mr Mohan stated that the proposed constitutional amendments after approval by the House would need to be<br />
submitted to the Registrar of Societies for approval. Upon approval, they would become effective on payment of the<br />
requisite fees to the Registrar of Societies.<br />
5.9 Mr Low commented that if he sold his transferable golf club membership at market price to a buyer, the buyer would not<br />
need to pay any transfer fee. He could not reconcile the need to pay a transfer fee for a transferable membership.<br />
5.10 Mr Tay clarified that there would be a base transfer fee of $2,000. At that price, it would effectively mean that from March<br />
2006 to March 2007, no member would be able to sell his or her membership. Beyond March 2007 and with an entrance<br />
fee of $3,000, there would also be very little incentive for members to sell their transferable membership in the open<br />
market.<br />
Mr Tay said that the intention was to increase the membership to as close as the 15,000 target as possible by March 2007.<br />
And beyond March 2007, the focus would be on the new graduates who would join at $2,000 and, as such, they would<br />
not buy a membership from the open market. On the other hand, other graduates who did not join within three years of<br />
graduation and who wished to join would try to buy their membership from the open market at a lower price.<br />
Mr Tay emphasised that the entrance fee was currently capped at $5,000 because <strong>NUSS</strong> would like to welcome as many<br />
graduates as possible into its fold. He added that while the ceiling could be raised in future, it should not go beyond say<br />
$50,000, which would make <strong>NUSS</strong> exclusive such that other than fresh graduates, other eligible graduates who did not join<br />
earlier would find it difficult to join and be excluded.<br />
In reply to a further question from Mr Low, Mr Tay conceded that the transferable membership, under the current cap of<br />
$5,000, would unlikely be sold for more than $2,000 after accounting for the $2,000 transfer fee and broker’s commission.<br />
5.11 Mr Ernest Tan Kwan Boon (Mr Tan) (T3070G) was worried about the declining membership which was not in sync with the<br />
growing graduate population and the improving economy in Singapore. He added that <strong>NUSS</strong> should not position itself in<br />
the same class as some clubs and that it was important to evaluate other solutions and to focus on improving the general<br />
membership.<br />
5.12 Mr Mohan thanked Mr Tan for his comments and noted that while the graduate population was growing, there was<br />
competition from other clubs and societies for membership. He emphasised that members should actively participate in<br />
the membership drive and that if every member could each recruit one new member, the impact would be fantastic and<br />
would go a long way to help solve <strong>NUSS</strong>’ current problems.<br />
5.13 Dr Francis Pavri (Dr Pavri) (P2086A) was concerned that there could be some new graduate members who had no intention<br />
to remain in <strong>NUSS</strong> but who joined because they could sell their $2,000 transferable membership later in the open market<br />
for a profit.<br />
5.14 Mr Tay reiterated that transferability was not intended to allow members to profiteer from selling their membership on the<br />
open market. As mentioned earlier, no one would buy a membership for more than $5,000 and after taking into account<br />
the transfer fee and broker’s commission, the maximum amount any member could make would be less than $1,000,<br />
which would not be attractive. In any case, transferability would have helped to attract one more member for <strong>NUSS</strong>.<br />
5.15 Dr Pavri highlighted that members who were 50 years and above comprised 20% of the membership while those<br />
below 29 years comprised only 2%. He added that many undergraduates were probably not aware of the existence and<br />
objectives of <strong>NUSS</strong>. He asked whether there were any plans to tap into this important segment.
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5.16 Mr Tong agreed that there was minimal representation of young members in <strong>NUSS</strong>. The MC was being more active in<br />
recruiting undergraduate members who were allowed to participate in <strong>NUSS</strong>’ activities and use some of the facilities<br />
by paying a monthly subscription fee of $10. Mr Mohan added that his daughter, a first year NUS student, is an<br />
Undergraduate Member and he would encourage all members to market the scheme to their children or relatives.<br />
5.17 Mr Tay commented that the issues concerning the promotion of <strong>NUSS</strong> to potential members and the provision of good facilities<br />
and activities had basically been addressed. He added that if the resolutions were approved, they would, among other things,<br />
address the financial element which was to provide a three-year window for new graduates to join at a low fee.<br />
5.18 Associate Professor Ann Wee (W5980J) (A/Prof Wee) said that new graduates who had to repay study loans might not have<br />
any surplus funds to pay for a club membership for some time.<br />
5.19 Mr Tay assured the House that the Membership Sub-Committee was monitoring this issue and could, if required, tweak<br />
the instalment payment scheme for new graduates. He mentioned that based on his personal experience, new graduates<br />
would have to repay their study loans within three years of graduation. Mr Mohan added that he would try to obtain the<br />
relevant information from the University Administration and use it to fine-tune the scheme to entice more fresh graduates<br />
to join <strong>NUSS</strong>.<br />
5.20 Mr Donald Wyatt (Mr Wyatt) (W0818S) referred to statistics which showed that 27% of the members were 51 years and<br />
above. He noted that in 2004 and 2005, 426 members and 350 members left <strong>NUSS</strong> respectively. He added that it would<br />
be interesting to know what percentage of these members belonged to the 50 years and above age group. One of them<br />
who left told him that he had no interest in <strong>NUSS</strong>. Mr Wyatt suggested that the Senior Circle should continue to exist<br />
to encourage older members to remain. He noted that a Guild House would be set up at the Bukit Timah Campus and<br />
requested that some thought could be given to bringing back those members who had an affiliation to that location.<br />
5.21 Mr Mohan thanked Mr Wyatt for his observations. He pointed out that the MC would continue to promote activities for all<br />
segments of <strong>NUSS</strong> and that the Senior Circle had been fairly active.<br />
5.22 Ms Carol Chua Siew Gek (Ms Chua) (CA045A) said that club facilities alone would not entice graduates to join <strong>NUSS</strong>. In<br />
line with the priority to bring in younger members, it was important to find out what kind of activities would appeal to<br />
them and what were their priorities in life. She opined that activities like money-making seminars and entrepreneurial<br />
talks were the way to go as many young people were planning to retire from work by 40 or younger. She said that <strong>NUSS</strong><br />
would need to be more dynamic, daring and innovative in its approach to recruit new members.<br />
5.23 Mr Mohan thanked Ms Chua for her enthusiasm and invited her to join the Membership Sub-Committee. He added that<br />
<strong>NUSS</strong> would need that kind of enthusiasm to promote itself and improve membership.<br />
5.24 He next invited Mr David Ho, the former Chairperson of the Membership Sub-Committee, to give his comments.<br />
5.25 Mr David Ho Peng Cheong (Mr Ho) (HA223G) noted that the salient feature of the four resolutions was not about<br />
transferability per se but about money. He added that <strong>NUSS</strong> should be open to all graduates and with proper marketing,<br />
it should be their club or society of choice. However, he was not sure if a new graduate would join within three years of<br />
graduation as his or her priority would be to repay the outstanding study loan. The response might not be encouraging<br />
even if the window period was extended to five years. He emphasised that more effort should be made to promote<br />
<strong>NUSS</strong> to the NUS undergraduate population.<br />
He suggested that it would be easier to raise funds to meet the $6.7 million shortfall through charging a simple conversion<br />
fee instead of adopting the transfer fee scheme. If <strong>NUSS</strong> could convert 50% of the membership to transferable membership<br />
at a fee of $1,000 each, it could raise $6.7 million.<br />
On increasing the membership and revenue base, he proposed the creation of “V” (Virtual) Members. Every NUS graduate<br />
would automatically become a free Virtual Member of <strong>NUSS</strong>. “V” Members would not be allowed to use the Society’s<br />
facilities and would pay a small subscription fee yearly to be associated with the Society and to participate in its off-campus<br />
activities. Every “V” Member would be eligible to apply for the <strong>NUSS</strong>-DBS Platinum Card, which would be an added incentive<br />
for new graduates to join.<br />
He concluded that he was offering the above new options to the MC for consideration.<br />
5.26 Mr Mohan thanked Mr Ho for his observations and suggestions which would be considered by the current MC.
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5.27 Mr Johnny Tan Khoon Hui (T4401K) said that Mr Lai and he were not sure if an upfront conversion fee of say, $1,000 to enable<br />
a membership to be transferable would appeal to members. This suggestion would need to be considered carefully.<br />
5.28 Mr Mohan welcomed new ideas from members on how to improve the recruitment drive. They could write or e-mail to the<br />
MC or approach the Secretariat.<br />
5.29 Mr Sun Wai Hoong (Mr Sun) (SA513G) mentioned that he was a new member and a new graduate. He would appreciate if<br />
someone could shed more light on the alternative facilities to be made available to members during the period when Kent<br />
Ridge Guild House was being upgraded and on the reduction of the entrance fee to $2,000 during this period.<br />
5.30 In reply to Mr Sun’s enquiry, Mr Lai clarified that the swimming pools and tennis courts at Kent Ridge Guild House would<br />
no longer be available for members’ use. To minimise the disruption, the MC had made alternative arrangements for<br />
similar facilities to be made available to members. However, some members might find it inconvenient to go to another<br />
location outside the Guild House.<br />
5.31 Mr Tong added that it would be more difficult to entice potential members to join during the upgrading period when the<br />
facilities would not be available for use at Kent Ridge Guild House. The proposed reduction in the entrance fee to $2,000<br />
would make it easier to recruit new members during this interim period.<br />
5.32 Mr Wyatt said he would like to speak in support Mr Ho’s suggestion to introduce a conversion fee. He mentioned that the<br />
Singapore Recreation Club managed to raise a very large sum of money when it implemented such a scheme.<br />
5.33 In reply, Mr Tay highlighted that the purpose of introducing transferable membership was to address the issue of declining<br />
membership. All things being equal, the attrition rate would drop with transferable membership. The Membership Sub-<br />
Committee believed that graduates would be enticed to join when the transfer fee and entrance fee were the same.<br />
New graduates would join within three years of graduation at a discounted fee of $2,000.<br />
He added that the Membership Sub-Committee did consider the introduction of a conversion fee. He was always open<br />
to new ideas and added that members should not view the transferable membership scheme as a means to make<br />
money. He reiterated that transferability would help to provide some form of security to members in the sense that they<br />
could sell their membership in the transfer market and recoup some of their investment should they wish to resign in<br />
future. For prospective members, it would be an additional incentive to join <strong>NUSS</strong>. This scheme was not intended to be<br />
a money-raising exercise.<br />
5.34 Mr Low suggested that the proposed transfer fee of $2,000 be reduced to $1,000 to make it more attractive for fresh<br />
graduates to join <strong>NUSS</strong>.<br />
5.35 Mr Tay replied that if the financial position of the Society improved in future, the transfer fee and the entrance fee for new<br />
graduates could be reviewed and, if approved, brought down to a lower level. But as long as the entrance fee for new<br />
graduates was $2,000, the transfer had to be $2,000 otherwise there was a risk that <strong>NUSS</strong> would not be able to attract<br />
new members if the membership was trading at say $1,500. The three-year deadline would become irrelevant when the<br />
transfer fee was lower than the new graduates’ joining fee. The new graduates’ joining fee would have to coincide with the<br />
transfer fee so that <strong>NUSS</strong> would always have new members and not just members trading on the secondary market.<br />
5.36 Mr Steven Cheong Yue Thong (Mr Cheong) (C4537B) agreed that transferability was a good option although he felt that<br />
the $2,000 transfer fee was too high. However, he conceded that if the transfer fee was set too low, then the revenue<br />
objective might not be met.<br />
He added that transferability would enhance the value of the membership and would help to attract new members.<br />
However, as long as the entrance fee was $2,000, he did not think that existing members would find it worthwhile to pay<br />
the transfer fee of $2,000 as there would be no monetary gain. On the other hand, if the entrance fee was set too high,<br />
new graduates would not join.<br />
He noted that the starting salary for new graduates was comparable to that some twenty years ago although the cost of<br />
living had increased substantially. To help new graduates to join, he suggested a scheme whereby they could join “free” but<br />
would have to exercise the membership option within the first year. The objective was to entice them to join.<br />
5.37 In reply, Mr Mohan informed that <strong>NUSS</strong> already had a trial membership scheme.<br />
5.38 Mr Cheong suggested that the trial membership scheme could be refined if it was not effective.
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5.39 Mr Mohan invited Mr Tong to conclude the presentation for the resolutions.<br />
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8<br />
5.40 Mr Tong commented that he would be brief as Mr Cheong had already dealt with the core of the transferability issue. He<br />
added that transferability would convert the <strong>NUSS</strong> membership into an asset which could be traded. On the transfer fee<br />
quantum, he said that it could be reviewed and changed in future subject to the approval of the House.<br />
The objective of the second resolution on Corporate Members was to increase the membership base and to make<br />
membership more attractive. Resolutions One and Four were drafted based on feedback from undergraduates.<br />
He concluded that in the long-term interest of <strong>NUSS</strong>, he would urge all members to seriously consider and vote for all the<br />
four resolutions.<br />
5.41 Mr Chua Meng Seng (Mr Chua) (CA516K) asked whether the club facilities would be adequate if there was a good response<br />
to the membership drive.<br />
5.42 Mr Mohan replied that capacity was not a problem as not all members would use the facilities at the same time. Moreover,<br />
there were three Guild Houses to cater to members’ needs.<br />
5.43 Mr Kwek Chok Wen (Mr Kwek) (K5514G) suggested that new members who joined at $2,000 should not be allowed to trade<br />
their membership within three years of joining to protect the interest of existing members.<br />
5.44 Mr Mohan thanked him for the suggestion and said that it would be considered.<br />
5.45 Mr Mohan requested members to proceed to the back of the Guild Hall to cast their votes. He reminded members to read<br />
the instructions on the ballot forms and to deposit the completed forms into the respective ballot boxes.<br />
6. ANNOUNCEMENT OF VOTING RESULTS<br />
6.1 Mr Mohan announced the results of the voting as follows:<br />
1) Resolution One - A total of 86 members voted and 82.5% voted for the resolution. Resolution carried.<br />
2) Resolution Two - A total of 85 members voted and 83.5% voted for the resolution. Resolution carried.<br />
3) Resolution Three - A total of 84 members voted and 78.5% voted for the resolution. Resolution carried.<br />
4) Resolution Four - A total of 84 members voted and 77.4% voted for the resolution. Resolution carried.<br />
Mr Mohan declared all the four resolutions carried.<br />
6.2 Mr Mohan thanked members for taking pains to debate the issues in addition to contributing suggestions, ideas and<br />
constructive criticisms. He added that the MC would meet and discuss them, conduct a post mortem and come up with<br />
some bold ideas too. Based on the feedback from members, he said that the MC would need to be less conservative in its<br />
approach to promote <strong>NUSS</strong> to potential members and undergraduates.<br />
He again encouraged all members to try to recruit one new member each.<br />
He also thanked representatives from Foo Kon Tan Grant Thornton who were present to assist in the proceedings as well as<br />
the Secretariat staff who had done a good job in organising the meeting.<br />
There being no other matters, the meeting ended at 9.40 pm.<br />
Lai Kim Seng<br />
Honorary Secretary
Report of<br />
Management Committee<br />
1. MEETING AND ATTENDANCE<br />
1.1 Management Committee 2005 / 2006<br />
(January to April 2006)<br />
Chandra Mohan K Nair 4/4<br />
Johnny Tan Khoon Hui 3/4<br />
Lai Kim Seng 4/4<br />
Wong Peng Meng 4/4<br />
Tan Siang Chik 4/4<br />
Siva S Retnam 4/4<br />
Vincent Rasa Benedict 3/4<br />
Monica Chung Poh Yoke 1/4<br />
Wilfred Kwok Chin Chye 4/4<br />
Neo Chia Reei 4/4<br />
Ong Pin Sam 4/4<br />
Oon Tik Lee 4/4<br />
Edward S Tay 4/4<br />
Tong Hsien-Hui 3/4<br />
Yip Kum Fei 4/4<br />
1.2 Management Committee 2006 / 2007<br />
(May to December 2006)<br />
Chandra Mohan K Nair 8/8<br />
Johnny Tan Khoon Hui 8/8<br />
Lai Kim Seng 7/8<br />
Yee Woon Yim 8/8<br />
Wong Peng Meng 8/8<br />
Siva S Retnam 8/8<br />
Tan Siang Chik 6/8<br />
Mohan Balagopal 8/8<br />
Vincent Rasa Benedict 4/8<br />
Ong Pin Sam 8/8<br />
Oon Tik Lee 3/8<br />
Francis Pavri (Dr) 8/8<br />
Edward S Tay 7/8<br />
Teo Chin Tuan 6/8<br />
Tong Hsien-Hui 5/8<br />
Yip Kum Fei 7/8<br />
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2. SUB-COMMITTEES<br />
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annual report 2006<br />
The Sub-Committees and Chairpersons under the<br />
Management Committee 2006/2007 were as follows:<br />
Community Services Ong Pin Sam<br />
Continuing Education Oon Tik Lee<br />
Cultural Francis Pavri (Dr)<br />
Disciplinary Tan Siang Chik<br />
External Alumni Relations Networking Mohan Balagopal<br />
Finance Johnny Tan Khoon Hui<br />
House, Food & Beverage Vincent Rasa Benedict<br />
Information Technology Wong Peng Meng<br />
Membership Edward S Tay<br />
Publication Wong Peng Meng<br />
Resource Panel Francis Pavri (Dr)<br />
Sports & Recreation Siva S Retnam<br />
Strategic Planning Chandra Mohan K Nair<br />
3. SPECIAL PROJECT COMMITTEES<br />
Alumni Complex Lai Kim Seng<br />
Bukit Timah Guild House Johnny Tan Khoon Hui<br />
Branding Tong Hsien-Hui<br />
Fundraising Siva S Retnam<br />
Heritage Tan Siang Chik<br />
4. REPRESENTATIVES OF THE SOCIETY<br />
Alumni International Singapore Mohan Balagopal<br />
Feedback Unit Francis Pavri (Dr)<br />
People’s Association Mohan Balagopal<br />
5. KEY DECISIONS TAKEN BY THE MANAGEMENT COMMITTEE<br />
DURING THE PERIOD UNDER REVIEW<br />
26 January 2006<br />
n Approved four (4) resolutions to convene a General<br />
Meeting to seek members’ approval on transferability of<br />
membership, corporate members, changes in entrance<br />
fee and reduction of entrance fee for new graduates<br />
who join as members within three years of obtaining<br />
their first degrees.
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n Approved the replacement of four (4) fruit machines at<br />
no additional cost to the Society.<br />
n Approved the purchase of computers and a printer at<br />
$15,129.<br />
n Approved the payment of $500 commission to joint<br />
promotion partners for each new member recruited.<br />
n Approved a proposal to incur a total net expenditure of<br />
$36,540 for the 2006 Members’ Social / New Members’<br />
Nights.<br />
n Approved the appointment of Lancer Design Pte Ltd to<br />
design and produce the 2005 Annual Report at a cost<br />
of $33,500.<br />
n Approved a proposal to set up a Dance Sport Interest<br />
Group.<br />
23 February 2006<br />
n Approved the Audited Financial Statements for the year<br />
ended 31 December 2005.<br />
n Approved a budget of $20,000 for Staff Night 2006.<br />
n Approved the purchase of additional pieces of dance<br />
floor at $11,000.<br />
n Endorsed the formation of the Bukit Timah Guild House<br />
Working Committee to oversee the development of a<br />
new Guild House on the Bukit Timah campus.<br />
n Approved the formation of a Tender Board to review and<br />
approve all expenditures relating to the development of<br />
Bukit Timah Guild House.<br />
30 March 2006<br />
n Approved a budget of $17,125 for the publication of the<br />
Commentary – <strong>NUSS</strong> Academic Journal.<br />
n Approved the revision of Ordinary and Associate<br />
Membership entrance fee instalment plan.<br />
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n Approved the revision of Term Membership fee.<br />
0<br />
27 April 2006<br />
n Endorsed a proposal to organise a dance group Dinner<br />
and Dance in May 2006.<br />
n Approved the corporate membership entrance fee at<br />
$5,400 for three nominees and $1,800 per nominee<br />
thereafter.<br />
n Approved the official text of the Society’s name in Bahasa<br />
Melayu, Tamil and Mandarin.<br />
9 May 2006<br />
n Endorsed the election of officer bearers for the<br />
Management Committee 2006/2007.<br />
n Endorsed the appointment of Executive Committee<br />
members.<br />
n Approved the appointment of Chairperson and Deputy<br />
Chairperson of various Sub-Committees.<br />
1 June 2006<br />
n Approved the donation of computers and printers<br />
with zero net book value to the International Outreach<br />
Programme to Cambodia and the Salvation Army.<br />
n Approved a proposal to allocate a total subsidy of $10,940<br />
for the 20 th Golf Annual to be held on Friday, 21 July 2006<br />
at the Raffles Country Club.<br />
n Approved a budget of $27,630 for the 2006 New Alumni<br />
Dinner.<br />
6 July 2006<br />
n Endorsed the proposal to engage KPMG to lead and<br />
facilitate the development of strategic plans.<br />
n Approved the 2006 annual salary increment.<br />
n Approved a sum of $21,278 for the purchase of IT hardware<br />
and software.
n Approved the disposal of old swimming pool furniture<br />
and filtration system equipment to make way for the<br />
construction of the Alumni Complex.<br />
n Approved a budget of $61,600 to replace three (3) fruit<br />
machines in Kent Ridge Guild House and one (1) fruit<br />
machine in Adam Park Guild House.<br />
n Approved the implementation of online membership<br />
application.<br />
n Approved the guidelines for sponsorship of<br />
Commencement Night dinners organised by NUS<br />
faculties.<br />
n Approved the guidelines for deleting defaulters.<br />
2 August 2006<br />
n Approved the debt collection procedures for corporate<br />
accounts.<br />
n Approved the appointment of DW Design to design and<br />
print new membership marketing brochures at a cost of<br />
$17,090.<br />
7 September 2006<br />
n Approved a budget of $44,000 for the membership<br />
promotion drive for the last quarter of 2006.<br />
n Approved a budget of $18,308 for <strong>NUSS</strong>-PAUM Games<br />
2006.<br />
n Endorsed the removal of outstation and absent members<br />
from the mailing list of The Graduate.<br />
n Endorsed a concept plan for the establishment of an<br />
External Membership (eMembership).<br />
5 October 2006<br />
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annual report 2006<br />
n Endorsed the new membership brochure.<br />
n Endorsed the proposed dress code and guideline for<br />
prams in all Guild Houses.<br />
2 November 2006<br />
n Approved the award of a new contract to TTG Asia Media<br />
Pte Ltd to publish The Graduate at $20,000 per issue, six<br />
issues a year, for a period of two years.<br />
n Approved a donation of $10,000 to The Singapore Lyric<br />
Opera.<br />
28 December 2006<br />
n Approved the replacement of two (2) cardio machines<br />
at Kent Ridge Guild House gymnasium at a cost not<br />
exceeding $13,100.<br />
n Approved a training budget of $9,275 for Customer<br />
Service Excellence Programme organised by Integrative<br />
Pte Ltd.<br />
n Approved the award of contract to produce the 2006<br />
Annual Report to Lancer Design at a cost of $29,000.<br />
n Approved the renewal of the Society’s insurance policies<br />
through MACS-UIB Insurance Brokers for another year.<br />
n Endorsed the Budget for year 2007.<br />
n Approved the guidelines on members’ privileges and<br />
benefits programme.<br />
n Endorsed the revised guidelines for debt collection.<br />
n Approved the disbursement of the final tranche of<br />
$80,000 (Singapore dollar equivalent) pledged to the<br />
NUS Enterprise Centre in Silicon Valley.
nuss<br />
annual report 2006<br />
Chairperson<br />
Lai Kim Seng<br />
(<strong>NUSS</strong> Honorary Secretary)<br />
Deputy Chairperson<br />
Prof Yong Kwet Yew<br />
(NUS Vice-President)<br />
Members<br />
Lau Kwong Chung<br />
(<strong>NUSS</strong> Member)<br />
Michael Ng<br />
(Director, NUS Office of Estate & Development)<br />
Johnny Tan Khoon Hui<br />
(<strong>NUSS</strong> Vice-President)<br />
Tan Swee Yong<br />
(Senior Architect, NUS Office of Estate &<br />
Development)<br />
Tay Sok Kian (Ms)<br />
(Deputy Director, NUS Office of Finance)<br />
A/Prof Teo Choo Soo<br />
(Director, NUS Office of Alumni Relations)<br />
Harry Yeo<br />
(<strong>NUSS</strong> Member)<br />
<strong>NUSS</strong> Secretariat<br />
Clara Lee (Ms)<br />
(Chief Executive Officer)<br />
Faris Salahudeen<br />
(Special Projects Manager)<br />
Project Manager<br />
Fanny Chan (Ms)<br />
PG<br />
Alumni Complex<br />
Project Committee<br />
The Alumni Complex Project Committee comprising representatives from <strong>NUSS</strong><br />
and NUS was formed in February 2004 to spearhead the physical development of<br />
the Complex.<br />
The Complex, when completed will have three (3) distinct components:<br />
(1) the redeveloped Kent Ridge Guild House (KRGH)<br />
(2) the NUS Shaw Foundation Alumni House (SFAH)<br />
(3) a common courtyard linking the two buildings<br />
The existing KRGH will be redeveloped in two phases, with Phase 1 expected to be<br />
completed by the end of 2007 and Phase 2 to commence in the third quarter of 2007<br />
and targeted for completion by mid-2008. This phasing of the redevelopment seeks<br />
to minimise the disruption to the use of facilities by members.<br />
The SFAH, which is funded by NUS, will also be ready by the end of 2007.<br />
Significant physical progress has been achieved during the past twelve months.<br />
Following the appointment of the main contractor, the formal groundbreaking<br />
ceremony took place on 8 May 2006. The momentous event was officiated by<br />
Dr Tony Tan, Chairman of the National Research Foundation and former Deputy<br />
Prime Minister, who gamely broke ground with an excavator.<br />
The second half of the year was filled with a flurry of construction activities and<br />
consequent re-organisation of existing facilities. The demolition of the KRGH<br />
swimming pools and tennis courts was completed in September 2006 and by<br />
November 2006, piling works were also completed on schedule. Meanwhile,<br />
alternative arrangements were made with nearby clubs to give members<br />
continued access to these facilities. Steps have also been taken to ensure that any<br />
unavoidable inconvenience due to the construction activities would be kept to a<br />
minimum.<br />
Looking ahead to 2007, the committee will be focusing on the main superstructure<br />
works. At the same time, we have to push ahead with finalising and implementing all<br />
the necessary requirements for the interior design works, the audiovisual system and<br />
the new kitchens of KRGH.
Initial illustrations of the redeveloped Kent Ridge Guild House showing the<br />
Reception Lobby and Chinese Restaurant<br />
Featuring cosmopolitan features set amid a soaring ceiling, the lobby<br />
exudes a warm ambience of understated elegance and luxury<br />
Over at the SFAH, construction works have been progressing steadily and on<br />
schedule, with emphasis being placed on getting the layout and design of the F&B<br />
kitchen for the Faculty Club finalised and its subsequent construction aligned with<br />
the overall main construction programme.<br />
Upon completion, the upgraded KRGH will provide a host of new and enhanced<br />
facilities for <strong>NUSS</strong> members’ exclusive use. At the same time, members will also have<br />
access to the facilities in the SFAH.<br />
The Management Committee and Secretariat would like to express their sincere<br />
appreciation and thanks to all members for their understanding and patience as we<br />
upgrade to offer a wider mix of facilities for members’ enjoyment.<br />
A sampling of some new facilities in the Alumni Complex<br />
Kent Ridge Guild House<br />
Chinese Restaurant<br />
Function Rooms<br />
Bar Lounge with Outdoor Terrace<br />
Conference Rooms<br />
Pro-Shop<br />
50m Swimming Pool<br />
Children’s Pool<br />
Three Rooftop Tennis Courts<br />
Children’s Centre<br />
Aerobics Room<br />
Sports Bar<br />
Shaw Foundation Alumni House<br />
Hall of Fame<br />
Heritage Gallery<br />
Retail space and Cafes<br />
Auditorium<br />
Seminar and Conference Rooms<br />
Business Centre<br />
Reading Room<br />
Faculty Club<br />
Invited guests cheer on as the groundbreaking ceremony takes place<br />
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annual report 2006<br />
The new Chinese Restaurant harmoniously combines modern with oriental and<br />
offers an ideal venue to savour culinary delights with friends and associates<br />
Dr Tony Tan officiating the<br />
groundbreaking ceremony
nuss<br />
annual report 2006<br />
Chairperson<br />
Johnny Tan Khoon Hui<br />
(<strong>NUSS</strong> Vice-President)<br />
Deputy Chairperson<br />
Lai Kim Seng<br />
(<strong>NUSS</strong> Honorary Secretary)<br />
Members<br />
Vincent Rasa Benedict<br />
(Chairperson, House, Food & Beverage<br />
Sub-Committee)<br />
Kwek Chok Ming<br />
(<strong>NUSS</strong> Member)<br />
Lau Kwong Chung<br />
(<strong>NUSS</strong> Member)<br />
Leong See Yuen<br />
(<strong>NUSS</strong> Member)<br />
Siva S Retnam<br />
(Chairperson, Sports & Recreation<br />
Sub-Committee)<br />
Teo Chin Tuan<br />
(<strong>NUSS</strong> Management Committee Member)<br />
Terence Wong Kong Sing<br />
(<strong>NUSS</strong> Member)<br />
<strong>NUSS</strong> Secretariat<br />
Clara Lee (Ms)<br />
(Chief Executive Officer)<br />
Faraq Yahiya<br />
(Operations Director)<br />
Faris Salahudeen<br />
(Special Projects Manager)<br />
PG<br />
ukit Timah<br />
Guild House Project Committee<br />
On 28 May 2005, many of our members were thrilled with a sense of homecoming<br />
when it was revealed by our then Deputy Prime Minister Dr Tony Tan that part of<br />
the Bukit Timah Campus (BTC) would be returned to the National University of<br />
Singapore (NUS).<br />
In June 2005, a meeting was held between <strong>NUSS</strong>, NUS and the National Parks<br />
Board (NParks) to register the Society’s interest in setting up a Guild House at BTC.<br />
During preliminary discussions, <strong>NUSS</strong> was informed that House No 2, a conservation<br />
building, had been designated as an F&B outlet as part of NParks’ overall plan to<br />
provide a complete dining experience for its visitors. This location could be offered<br />
to <strong>NUSS</strong> for its proposed Guild House. Further meetings ensued and a presentation,<br />
along with a formal proposal, was submitted to NParks in September 2005.<br />
Location map of the proposed Bukit Timah Guild House<br />
Proposed<br />
BTGH<br />
NUS<br />
Bukit Timah<br />
Campus<br />
Future MRT
Upon the receipt of NParks’ in-principle approval to our proposal in October 2005, a<br />
General Meeting was convened in November 2005 to seek approval from members<br />
for the establishment of a Guild House at BTC. The membership strongly supported<br />
this initiative and a Bukit Timah Guild House (BTGH) Project Committee and Tender<br />
Board were formed in February 2006 to oversee the development.<br />
The Project Committee’s immediate priorities were:<br />
1) to conclude a tenancy agreement with NParks expeditiously and<br />
2) to select and appoint consultants and a contractor to undertake the design and<br />
construction of the Guild House<br />
The negotiations with NParks over the terms and conditions of the tenancy<br />
agreement took longer than originally envisaged as there were a number of rather<br />
difficult but fundamental issues which both parties had to resolve. Most of these<br />
have been satisfactorily settled and we are presently awaiting NParks’ clarification<br />
on the matter that concerns the use of the adjoining outdoor space. Whilst the<br />
negotiations may have taken longer than planned, the Management Committee<br />
has also been mindful that the Society’s interests should not be compromised in<br />
reaching an agreement.<br />
Concurrently, in March 2006 the Project Committee started the selection process for<br />
a suitable design proposal and a team of qualified consultants/contractors. After a<br />
rigorous and intensive review process, a suitable candidate has been shortlisted and<br />
the Committee expects to award the contract immediately after the finalisation of<br />
the tenancy agreement with NParks.<br />
The construction works are expected to commence approximately two months<br />
after the signing of the tenancy agreement, as this is the anticipated timeframe<br />
required to obtain the necessary approvals from relevant authorities for a<br />
conservation building of this nature. Barring any unforeseen circumstances<br />
from the relevant authorities, the works are expected to be completed within six<br />
months of receiving the approvals. Members can therefore expect a brand new<br />
Guild House at BTC sometime in the second half of 2007.<br />
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annual report 2006<br />
Initial illustrations of the proposed BTGH showing the reception lobby, lounge bar and alfresco area<br />
A warm and welcoming reception lobby<br />
The alfresco area set in a natural environment<br />
Source: RichardHO Architects<br />
The Lounge Bar – a space to relax and socialise<br />
Facilities & Amenities<br />
BTGH has the distinct advantage of being nestled in the lush<br />
greenery of the Singapore Botanic Gardens. Recognising<br />
the inherent potential of creating a unique natural dining<br />
experience for members and guests, a facility mix has been<br />
incorporated that will be able to take advantage of this<br />
potential. The lower level will include a restaurant with a<br />
modern concept and private dining rooms. There will also<br />
be a casual alfresco area for dining with bar service. The<br />
upper level will comprise a lounge bar, jackpot facilities and<br />
a games room that will be able to cater to a multitude of<br />
activities including balut, darts and bridge.<br />
Photos of the current conservation<br />
building (House No 2)<br />
The building earmarked for the proposed BTGH<br />
A view of the rear of the premises
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annual report 2006<br />
<strong>NUSS</strong> signs MOU with PAUM<br />
Reciprocal arrangement with the Graduate<br />
Union of the University of Melbourne<br />
PG<br />
<strong>NUSS</strong> Choir makes its mark in the Forbidden<br />
City Concert Hall in Beijing, China<br />
<strong>NUSS</strong> signs MOU with the Cambodian<br />
Ministry of Education, Youth & Sports
Friendship between <strong>NUSS</strong> and Peking University<br />
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annual report 2006<br />
Expanding<br />
Our Horizons
nuss<br />
annual report 2006<br />
Chairperson<br />
Ong Pin Sam<br />
Deputy Chairperson<br />
Yip Kum Fei<br />
Members<br />
Tommy Ang Kok Kay<br />
Balasupramaniam Krishna<br />
James N Boss (Dr)<br />
Jenny Kwa Siew Eng @ Bee (Ms)<br />
Edmund Lim Tiong Joo<br />
Dennis Lin Wai Man<br />
Liu Chu Hou<br />
Evelyn Quek Mui Gek (Ms)<br />
Mervyn Sek Kok Chuan<br />
Harphal Singh<br />
Muthu Tamilselvan<br />
Tan Chor Kerng<br />
Tan Kin Mee<br />
Esther Wong Fai Seok (Ms)<br />
PG<br />
8<br />
Bringing festive cheer to elderly folks<br />
Community Services<br />
Sub-Committee<br />
The Community Services Sub-Committee continues its efforts in promoting <strong>NUSS</strong> as<br />
a caring Society through active involvement in the community. Reaching out to the<br />
less privileged in Singapore and the region, the Sub-Committee spearheads events<br />
and progammes to engage <strong>NUSS</strong> members in charity work. The Sub-Committee’s<br />
aspiration is to create a culture of giving in <strong>NUSS</strong> and a spirit of volunteerism among<br />
its members.<br />
Festive charity events form the mainstay of the Sub-Committee’s community work.<br />
The annual Chinese New Year Festive Gathering for Senior Citizens in 2006 welcomed<br />
90 elderly folks from the Bukit Batok Home for The Aged, Henderson Senior Citizens’<br />
Home and SACO Senior Citizens’ Home.<br />
On Children’s Day, the Sub-Committee joined hands with the Lions Club<br />
to host a fun-filled party complete with games, goodie bags and even a<br />
magician for 350 eager young ones from Sunlove Marsiling and SINDA.<br />
<strong>NUSS</strong> members truly made Christmas a season of giving when they<br />
participated in the Sub-Committee’s ‘Adopt a Wish’ programme. They<br />
fulfilled the wishes of the children and elderly folks from Rotary Family<br />
Service Centre, Adventist Home for The Elders and Bo Tien Services<br />
Society and gave them a special and meaningful Christmas in 2006.<br />
Student Mentorship Programme (SMP)<br />
SMP is a collaboration between <strong>NUSS</strong>, NUS, South West Community<br />
Development Council and Students Care Service. The programme<br />
recruits NUS undergraduates to befriend and mentor secondary school students for<br />
a one-year cycle in a bid to create a youth-for-youth culture.<br />
To commemorate the end of the eighth cycle of SMP, <strong>NUSS</strong> hosted an Appreciation<br />
Night in September for the 272 participants.<br />
SMP is currently well into its ninth cycle.
Teaching in Cambodia Gaining a deeper appreciation of nature<br />
International Outreach Programme (IOP) to Cambodia<br />
Carrying the IOP flag, an <strong>NUSS</strong> volunteer group set off for Phnom Penh in June 2006<br />
for a week-long Teacher Training Expedition. Their mission was to guide and instruct<br />
the teachers of Indradevi High School and Samaki High School in the English language<br />
and basic computer skills.<br />
Following the expedition, the Sub-<br />
Committee arranged for a number of<br />
refurbished computers, printers and<br />
educational software that it had sourced<br />
from generous donors to be sent to the<br />
high schools.<br />
Teachers of Samaki High School<br />
With the equipment, Indradevi and<br />
Samaki High Schools were able to set up<br />
computer laboratories for their students.<br />
In appreciation of the assistance they<br />
have received under this programme,<br />
both schools have named their computer<br />
laboratories after <strong>NUSS</strong>.<br />
<strong>NUSS</strong> Nature Network (N 3 )<br />
The work of the Sub-Committee extends<br />
beyond compassion for our community.<br />
Nature awareness group, N 3 , engages<br />
members in caring for our environment.<br />
Working in tandem with organisations<br />
such as the National Parks Board (NParks),<br />
N 3 leads nature trails and guided walks.<br />
DATE (2006) EVENT<br />
PG<br />
Celebrating the conclusion of the eighth cycle of SMP<br />
9<br />
nuss<br />
annual report 2006<br />
4 February Chinese New Year Festive Gathering for Senior Citizens<br />
18 March & 29 April N 3 ’s Guided Nature Tour of Bukit Timah Nature Reserve<br />
19 March N 3 ’s Guided Nature Tour of MacRitchie Reservoir<br />
27 & 28 May Fine Arts Exhibition<br />
27 May & 24 June N 3 ’s Guided Tree Top Walk at MacRitchie Reservoir<br />
11 to 17 June<br />
15 September<br />
International Outreach Programme to Cambodia –<br />
Teacher Training Expedition<br />
8 th Cycle Student Mentorship Programme Appreciation<br />
Night<br />
30 September N 3 ’s Guided Ubin Sensory Walk at Pulau Ubin<br />
1 October <strong>NUSS</strong> Children’s Day Party<br />
14 October ‘Healthy Eyes for Life’ Forum<br />
2 December<br />
Kent Ridge Guild House Christmas Light Up cum<br />
“Adopt A Wish” Programme
nuss<br />
annual report 2006<br />
Chairperson<br />
Oon Tik Lee<br />
Deputy Chairperson<br />
Edward S Tay<br />
Members<br />
Alagappan Arunasalam<br />
Chan Lisar (Ms)<br />
Lee Liat Yeang<br />
Maurice Neo Choon Aik<br />
Evelyn Quek Mui Gek (Ms)<br />
Mervyn Sek Kok Chuan<br />
Geoffrey Tan Hock Jin<br />
Tong Lam Joen<br />
Members and guests gather for the Fengshui Talk<br />
Family bonding with kids’ activities<br />
PG<br />
0<br />
Continuing Education<br />
Sub-Committee<br />
The Continuing Education Sub-Committee encourages lifelong learning among<br />
<strong>NUSS</strong> members. It organises talks, seminars and workshops on a multitude of topics<br />
to promote a spirit of self-improvement and enrichment. These events also provide<br />
<strong>NUSS</strong> members with ample opportunities for social interaction and networking.<br />
Informative seminars such as ‘Planning a Will’ and ‘How to Manage Your Finances’<br />
proved popular among members. Encouraged, the Sub-Committee will continue to<br />
pursue these areas of interests.<br />
Mindful that many <strong>NUSS</strong> members have children, the Sub-Committee organised<br />
a myriad of events and activities to suit both adults and children. This included a<br />
Chess Tournament in October 2006 that proved popular with members and their<br />
children.<br />
The <strong>NUSS</strong> Kids’ Club<br />
To cater specifically to the interests of members’ children, the Sub-Committee<br />
launched the <strong>NUSS</strong> Kids’ Club in 2005. It has since attracted some 250 young<br />
members ranging from four to 12 years of age.<br />
The <strong>NUSS</strong> Kids’ Club seeks to create a sense of belonging for members’ children<br />
by providing a variety of interesting and educational activities to develop their<br />
young minds.<br />
The <strong>NUSS</strong> Toastmasters Club<br />
Chartered in December 2004, the <strong>NUSS</strong> Toastmasters Club provides opportunities<br />
for members to master communication skills and the art of public speaking. At the<br />
monthly Chapter Meetings, members build up their confidence and skills through<br />
practice, thoughtful peer evaluations and expert pointers from veteran Toastmasters.<br />
Over the last two years, the <strong>NUSS</strong> Toastmasters Club has grown from strength to<br />
strength. It now has 34 members.
Summary of Events for the Year<br />
Category Date (2006) Event<br />
Lifestyle &<br />
Leisure<br />
Business, Law<br />
& Finance<br />
Social, Cultural<br />
& Family<br />
Children’s<br />
Activities<br />
16 February<br />
25 February<br />
31 March<br />
27 May<br />
30 May<br />
16 September<br />
29 October<br />
12 November<br />
2 December<br />
17 January<br />
16 February<br />
27 February<br />
8 March<br />
15 March<br />
23 March<br />
31 May<br />
26 June<br />
7 July<br />
26 September<br />
16 November<br />
9 February<br />
10 April<br />
10 to 11 June<br />
9 August<br />
2 September<br />
Ad-hoc throughout<br />
the year<br />
Ongoing classes<br />
Food & Thought – ‘Trends of the Food Scene 2006’<br />
Shiseido Beauty Talk<br />
Shiseido Beauty Talk – ‘Make Up & You’<br />
Gourmet Specialty Coffee Appreciation Workshop<br />
Dining Etiquette Workshop<br />
Gourmet Specialty Coffee Appreciation Workshop II<br />
Sally Hansen Alluring Nails Workshop<br />
Colour Sense Workshop<br />
Festive Make Up Techniques<br />
PG nuss<br />
annual report 2006<br />
Ansoff CEO Round Table Workshop<br />
Food & Thought – ‘Prospects of Stock Market in Singapore 2006’<br />
Food & Thought – ‘Corporate Entrepreneurship & Industry Emergence’<br />
Food & Thought – ‘Residential Property Prospects in Singapore 2006’<br />
Food & Thought – ‘Who Moved my Market?’<br />
Ansoff CEO Round Table Workshop II<br />
Food & Thought – ‘Outsourcing: Which Services & Inputs Should We Produce<br />
In-House?’<br />
Food & Thought – ‘Negotiating a Job Offer’<br />
Food & Thought – ‘Planning A Will’<br />
Food & Thought – ‘How to Manage your Finances’<br />
Food & Thought – ‘Business Planning for SMEs’<br />
Fengshui Talk – Predictions for the Year of the Dog<br />
Food & Thought – ‘Lotteries, Luck & Why Lightning Does Strike Twice’<br />
2D1N Kelong Trip to Sibu Island<br />
National Day Dinner Cruise<br />
Sarang Buaya Tour<br />
Baking Buddies<br />
Children’s Christmas Party<br />
Elementary Chess Workshops & Chess Competitions<br />
Emotional Intelligence Workshop<br />
Father’s Day Card & Gift Making Workshop<br />
Inline Skating for Beginners<br />
Mind & Body Workshop<br />
<strong>NUSS</strong> Kids’ Club 1 st Anniversary Party Bash<br />
PC Game Programming<br />
Public Speaking & Presentation Workshop<br />
Robotics-Space Exploration Workshop<br />
Social Graces & Dining Etiquette Workshop<br />
Street Magic Workshop<br />
Super Heroes Science Lab<br />
Soccer Clinic for Juniors<br />
Junior Chess for Beginners<br />
Badminton for Juniors<br />
Tennis for Juniors<br />
Ballet for Juniors
nuss<br />
annual report 2006<br />
Chairperson<br />
Francis Pavri (Dr)<br />
Deputy Chairperson<br />
Ong Pin Sam<br />
Members<br />
Tommy Ang Kok Kay<br />
Fong Poh Him (Dr)<br />
Thomas Sim W C (Dr)<br />
Richard Yeo Seok Kiat<br />
A traditional Chinese opera<br />
Lantern-making during Mid-Autumn<br />
Festival Celebration<br />
PG<br />
Cultural<br />
Sub-Committee<br />
The Cultural Sub-Committee caters to the broad cultural interests of <strong>NUSS</strong> members<br />
and encourages vibrancy in the Society’s spectrum of events and activities.<br />
In the period under review, the Sub-Committee organised weekly Qigong lessons<br />
for members and celebrated the Mid-Autumn Festival with lantern riddles and a<br />
traditional Chinese opera performance.<br />
<strong>NUSS</strong> Choir<br />
A diverse group of <strong>NUSS</strong> members, bound by their common passion for music<br />
and singing, came together to form the <strong>NUSS</strong> Choir in 1998. It has since grown in<br />
strength, advanced in standard and matured as a cohesive choral group.<br />
Under the baton of musical director Ms Elaine Chan, the 60-member strong choir now<br />
performs regularly at Society functions such as the Senior Circle’s 10 th Anniversary<br />
Dinner, Mid-Autumn Festival Celebration and Christmas Light Up.<br />
The choir is also active outside the Society. In November, it performed at the<br />
World Lottery Association Convention & Trade Show 2006 held at the Raffles City<br />
Convention Centre.<br />
Making its mark regionally, the <strong>NUSS</strong> Choir performed at Hong Kong’s Ko Shan<br />
Theatre in September 2006 alongside two well-known Hong Kong choirs.<br />
Movie & Book Club<br />
Movie buffs and book lovers congregated monthly for the Movie & Book Club meetings.<br />
Lively debates and spirited discussions unfolded as members reviewed classics like<br />
F Scott Fitzgerald’s The Great Gatsby, Jane Austen’s Emma and Michael Ondaatie’s<br />
The English Patient.<br />
DATE (2006) EVENT<br />
21 March – 6 June Weekly Qigong<br />
3 – 9 September <strong>NUSS</strong> Choir Performance at Hong Kong’s Ko Shan Theatre<br />
6 October Mid-Autumn Festival Celebration<br />
Christmas carolling by the <strong>NUSS</strong> Choir
Chairperson<br />
Tan Siang Chik<br />
Deputy Chairperson<br />
Teo Chin Tuan<br />
Members<br />
Chan Lawrence<br />
Fua Cheng Kin<br />
Kuek Cheow Kiong<br />
Edward Lee Jim Teck<br />
Martin Marini<br />
William Tan Teng Hoo<br />
Disciplinary<br />
Sub-Committee<br />
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annual report 2006<br />
The Disciplinary Sub-Committee deals with members’ complaints in accordance<br />
with the disciplinary processes provided in the Society’s Constitution. The<br />
Sub-Committee advocates mediation and aims to provide an avenue for conciliation<br />
and amicable settlement of disputes between members.<br />
In 2006, no cases were brought before the Sub-Committee.
nuss<br />
annual report 2006<br />
Chairperson<br />
Mohan Balagopal<br />
Deputy Chairperson<br />
Wong Peng Meng<br />
Members<br />
Bay Yew Chuan<br />
Henry Liew Kok Keong<br />
Wayne Maksylewich<br />
Alvin Ong Siau Wah<br />
Andrew Teo Neng Wee<br />
Esther Wong Fai Seok (Ms)<br />
PG<br />
External Alumni Relations<br />
Networking Sub-Committee<br />
In line with the Society’s aspiration of reaching beyond our shores, the External<br />
Alumni Relations Networking (EARN) Sub-Committee seeks to establish and<br />
maintain links with graduate associations locally and internationally.<br />
During the course of the year, conscious effort was made to engage several<br />
foreign alumni bodies with a view to encourage mutual collaboration with various<br />
alumni associations and to facilitate interaction among graduates from different<br />
universities.<br />
Establishing Ties: Foreign University Graduate Associations<br />
<strong>Building</strong> on its success of linking up with three graduate bodies in year 2005, namely,<br />
the University Club of Denver in Colorado, USA, the University Club of Pasadena,<br />
California, USA and University Club of Montreal in Canada, the Sub-Committee<br />
worked to establish reciprocity with three other alumni clubs in 2006.<br />
These are:<br />
n University House at the Australian National University, Australia<br />
n The Graduate Union of the University of Melbourne, Australia<br />
n The University Women’s Club, London, United Kingdom<br />
These six graduate clubs now offer <strong>NUSS</strong> members privileged access to their<br />
facilities, including dining outlets and seminar rooms. Some of these associations<br />
like The Graduate Union of the University of Melbourne and University Women’s<br />
Club also provide overnight accommodation at rates significantly lower than hotels<br />
within the same area. Most of these establishments are exclusive to their members<br />
and members of reciprocal clubs.<br />
Members can continue to look forward to broadening their networking opportunities<br />
globally as the Sub-Committee actively seeks potential collaborations with other<br />
graduate associations.
A new reciprocal arrangement with the Graduate Union of the University of Melbourne<br />
Looking Ahead<br />
Beyond establishing reciprocal arrangements,<br />
the Sub-Committee will also pursue potential<br />
collaborations with local alumni groups such<br />
as the Singapore Chapter of the University of<br />
Western Sydney.<br />
Concurrently, the Sub-Committee will seek to<br />
identify areas of engagement with existing<br />
partners such as the Imperial College Alumni<br />
Association Singapore (ICAAS), Persatuan<br />
Alumni Universiti Malaya (PAUM) and the<br />
Alumni International Singapore (AIS). AIS is a<br />
group of alumni associations, of which <strong>NUSS</strong><br />
was a founding member.<br />
The Sub-Committee is committed to<br />
establishing more links with local and overseas<br />
alumni associations to afford <strong>NUSS</strong> members<br />
greater networking opportunities.<br />
Fostering interaction among graduates<br />
The Graduate Union of University of Melbourne<br />
PG nuss<br />
annual report 2006
nuss<br />
annual report 2006<br />
Chairperson<br />
Johnny Tan Khoon Hui<br />
Deputy Chairperson<br />
Yee Woon Yim<br />
Members<br />
Edward Lee Jim Teck<br />
Lim Boon Kwong<br />
Marcus Lim Woon Chong<br />
Dennis Lin Wai Man<br />
Alvin Phua Chun Yen<br />
Siva S Retnam<br />
Tan Siang Chik<br />
Philip Toh Kee Poon<br />
Willy Wong Weng Kong<br />
<strong>NUSS</strong> closed the year 2006 with a set of very positive and<br />
encouraging financial results.<br />
The Society’s net surplus improved from $0.01 million in year<br />
2005 to $1.16 million in year 2006. This was due mainly to an<br />
increase of over $0.56 million in entrance fee income from<br />
$0.53 million in 2005 to $1.09 million in 2006. A further $0.60<br />
million came from a 13% higher fruit machine income and a<br />
61% increase in interest income. This was offset by a one-time<br />
impairment loss of $0.47 million for the partial demolition of<br />
the Kent Ridge Guild House building to make way for the<br />
Alumni Complex. Overall, operating income recorded an<br />
increase of 6% from $16.5 million in 2005 to $17.5 million<br />
in 2006.<br />
The Super Deal and Member-Get-Member recruitment<br />
drive launched in October 2006 was a successful campaign.<br />
It contributed 68% of the total new members who joined the<br />
Society in the whole year.<br />
The Society’s net F&B sales for 2006 were maintained at the level<br />
of 2005 despite the disruption caused by the redevelopment<br />
of Kent Ridge Guild House. F&B expenditure was lower by 5%<br />
compared to the previous year and was largely achieved through<br />
more effective cost management. This resulted in an overall<br />
reduction of the F&B deficit by $0.35 million from 2005.<br />
Banquet sales at Kent Ridge and Suntec City Guild Houses<br />
together recorded an improvement to $1.71 million in 2006<br />
from $1.62 million in 2005. Continued emphasis will be placed<br />
on further developing our banquet business in 2007.<br />
Aside from the one-time impact of the impairment loss,<br />
operating expenditure excluding F&B, was $0.40 million lower<br />
PG<br />
Finance<br />
Sub-Committee<br />
than that in year 2005. This was mainly due to lower costs<br />
incurred on repairs and maintenance expenses and donations.<br />
The Society has implemented a new club management system<br />
that offers integration of functions across the Society. The<br />
project is progressing satisfactorily with an estimated spending<br />
within the approved budget.<br />
The Society’s financial position remains healthy with cash<br />
reserves standing at $28.8 million or 5% higher than the<br />
previous year. This, together with a loan facility which NUS<br />
has agreed to provide the Society, will be more than adequate<br />
to meet the funding needs in relation to the development of<br />
the Alumni Complex and the new Guild House at Bukit Timah.<br />
Notwithstanding that, it is essential that the Society continues<br />
to build up its reserves.<br />
Bearing in mind the importance of corporate governance,<br />
the Finance Sub-Committee worked closely with the<br />
Secretariat finance team to streamline processes, tighten<br />
Standard Operating Procedures and improve inventory<br />
control. In line with current Financial Reporting Standards,<br />
the Society has also reviewed and changed the reporting<br />
of F&B operations and entrance fees. For more meaningful<br />
comparison, relevant reports relating to previous years<br />
have also been restated.<br />
Looking ahead, the future continues to look promising. The<br />
Society will stay focused and continue to reinforce our business<br />
strategies in the key areas of Members’ Satisfaction, Branding<br />
& Membership Marketing as well as Cost Efficiencies. We will<br />
continue to pursue ongoing enhancement projects to ensure<br />
that the Society remains the foremost graduate society in<br />
Singapore and beyond.
Income ($000s)<br />
15,716<br />
Net Operating Result ($000s)<br />
Income / Expenditure Distribution<br />
Other income<br />
6.3%<br />
2002 2003 2004 2005<br />
(329)<br />
Fruit machines<br />
15.9%<br />
(2,907)<br />
15,070<br />
Net members’<br />
entrance fee<br />
6.2%<br />
278<br />
Income for 2006<br />
Food and Beverage<br />
36.7%<br />
Subscriptions<br />
34.9%<br />
16,571<br />
2002 2003 2004 2005<br />
9<br />
16,537<br />
1,160<br />
2006<br />
17,496<br />
2006<br />
PG nuss<br />
annual report 2006<br />
Net Operating Result Excluding Assets Write Offs ($000s)<br />
Others<br />
8.6%<br />
(329)<br />
Depreciation and<br />
Assets Write offs<br />
13.8%<br />
(707)<br />
278<br />
2002 2003 2004 2005<br />
Club rental<br />
4.1%<br />
Utilities<br />
4.5%<br />
Club activities<br />
3.7%<br />
Staff salaries<br />
19.9%<br />
9<br />
Repairs and<br />
Maintenance<br />
2.7%<br />
Expenditure for 2006<br />
1,630<br />
2006<br />
Food and Beverage<br />
42.7%
nuss<br />
annual report 2006<br />
Chairperson<br />
Vincent Rasa Benedict<br />
Deputy Chairperson<br />
Teo Chin Tuan<br />
Members<br />
Chan Lawrence<br />
Chitra Devi (Ms)<br />
Jeremy Ee Jian Wen<br />
Joseph Hassan<br />
Joanne Kam Huey Jiuan (Ms)<br />
Liew Woei Chong Keith<br />
Loke Sai Yin<br />
Ong Pin Sam<br />
Mervyn Sek Kok Chuan<br />
Dinesh Singh<br />
Gerard Tan Yue Kwong<br />
William Tan Teng Hoo<br />
Florence Tay Soot Ling (Ms)<br />
Wong Peng Yew<br />
KRGH’s Executive Chef James Aw<br />
with his signature dish, ‘Pen Cai’<br />
Peranakan Guest<br />
Master Chef Jolly Wee<br />
PG<br />
8<br />
House, Food & everage<br />
Sub-Committee<br />
The Food & Beverage (F&B) operations performed reasonably well. F&B income<br />
for the full year across the three Guild Houses totalled $6.42 million, compared<br />
to $6.46 million in 2005.<br />
With the implementation of the new Information Management System, all<br />
F&B outlets at the three Guild Houses were equipped with a new Point-of-Sale<br />
(POS) system, reducing waiting time for members and improving overall service<br />
rendered.<br />
Kent Ridge Guild House (KRGH)<br />
KRGH logged $2.95 million in overall F&B income, compared to $3.15 million in<br />
2005.<br />
Areas of improvement included the appointment of an experienced Chef de Cuisine,<br />
James Wang, to manage the western cuisine kitchen and the purchase of new<br />
equipment to enhance backend operations.<br />
A Peranakan Food Heritage promotion was held in November 2006. Helmed by<br />
guest Master Chef Jolly Wee, authentic<br />
Peranakan cuisine was showcased in<br />
Kingfisher Café and The Stamford. The<br />
month-long promotion included a set<br />
lunch and cooking demonstration, a<br />
Tok Panjang buffet and an a la carte<br />
menu. The Peranakan Food Heritage<br />
culminated in the Bibi & Baba Theme<br />
Night on 25 November, featuring a<br />
sumptuous buffet spread, Peranakan<br />
traditional costume fashion parade<br />
and members getting together to<br />
make the longest Nonya popiah in<br />
<strong>NUSS</strong>’ history.<br />
Other successful F&B events<br />
included the annual <strong>NUSS</strong><br />
Karaoke Competition in May that<br />
A Kebaya fashion show
Host GT Lye explains the<br />
correct way to tie a sarong<br />
PG<br />
saw a full-house turnout and the regular<br />
Social Dance Nights at the Ridge Bar.<br />
The latter was launched in collaboration<br />
with the Dance Committee. To better<br />
serve members and to facilitate the dance<br />
nights, the Ridge Bar’s parquet flooring was<br />
upgraded.<br />
Adam Park Guild House (APGH)<br />
The F&B income for APGH was $0.53 million,<br />
higher than last year’s $0.49 million. Ongoing<br />
efforts to improve involved the addition of<br />
new kitchen equipment.<br />
When the highly anticipated World Cup came<br />
around in June 2006, the Sub-Committee<br />
launched a series of month-long promotions in conjunction with the ‘live’ screening<br />
of football matches at the three Guild Houses.<br />
Kicking off the season was the APGH Whisky Party, which coincided with the World<br />
Cup opening match of Germany versus Costa Rica on 9 June. During this period,<br />
APGH extended its operating hours on weekends to allow members to watch latenight<br />
matches at the bar.<br />
The Sub-Committee also ran concurrent promotions like the ‘Predict the Final Score’<br />
contest and offered special prices on Tiger Beer.<br />
Suntec City Guild House (SCGH)<br />
Total food and beverage income for SCGH was $2.94 million, higher than 2005’s<br />
$2.82 million.<br />
Under the mentorship of SCGH’s Executive Chef William Lum,<br />
three junior chefs scooped major awards in the bi-annual<br />
Food & Hotel Asia competition in April 2006. Sanker A L<br />
Krishnamoorthy, Vicky Wong and Steve Yap triumphed with<br />
four medals – a gold, two silvers and a bronze – in various<br />
categories.<br />
With award-winning chefs helming the kitchen, it is little<br />
wonder that SCGH’s The Bistro and The Terrace continue to be<br />
popular dining venues with members.<br />
To keep members spoilt for choice, The Bistro presented themed<br />
promotions alongside its evergreen a la carte menu. It was a<br />
gastronomic world tour for members as<br />
The Bistro served up delectable cuisine<br />
from Australia, Switzerland, Britain and<br />
beyond.<br />
The Terrace’s weekend barbeque buffet<br />
continued to draw crowds, particularly<br />
with the introduction of a two-piece stroller<br />
band that enhanced the already pleasant<br />
ambience. The Terrace has also become<br />
a choice venue for companies looking to<br />
host casual alfresco functions.<br />
Closing the year with a bash, SCGH’s<br />
annual Countdown Party was wellattended<br />
by members and guests.<br />
Dining under the stars at The Terrace<br />
9<br />
SCGH’s Executive Chef William Lum and his winning team<br />
nuss<br />
annual report 2006<br />
APGH’s Chef Sam Yee serves up homestyle dishes
nuss<br />
annual report 2006<br />
Chairperson<br />
Wong Peng Meng<br />
Deputy Chairperson<br />
Oon Tik Lee<br />
Members<br />
June Chan Siew Mei (Ms)<br />
Chan Lawrence<br />
Willy Goh Siah Khian<br />
Mike Ng Kwai Ming<br />
Daniel Ong Chon Tui<br />
New Point-of-Sale System installed<br />
PG<br />
0<br />
Information Technology<br />
Sub-Committee<br />
Information Management System<br />
The Information Management System is being progressively implemented and is<br />
now in its final phase. It is expected to be completed some time in the first half<br />
of 2007. The objectives were to increase productivity, efficiency and effectiveness<br />
within the Secretariat office as well as to increase the level of service to members.<br />
The modules, key features and benefits of the Information Management System are<br />
summarised as follows:<br />
Modules Implemented<br />
Modules Key Features/Processes<br />
Finance<br />
General Ledger / Cash Book<br />
Accounts Receivable<br />
Accounts Payable<br />
Fixed Asset<br />
Membership<br />
Membership & Membership<br />
AR<br />
Report Writer<br />
Import and Export functions<br />
Automatic reversal of journal entries<br />
Automatic un-posting of wrong journal entries<br />
with audit trail<br />
Processing of Accounts Receivable (AR) using<br />
cheque reader and barcode scanner<br />
Support laser printing for Statement of Accounts<br />
(SOA)<br />
Direct amendments of wrong account codes for<br />
purchases in the Accounts Payable module<br />
Automatic deduction of credit notes against<br />
invoices<br />
Electronic Asset List<br />
Automated generation of depreciation value<br />
Alert tool<br />
Query tool<br />
AR enquiry (chit-level)<br />
Automated SOA enquiry via Internet<br />
Membership eServices Updating of members’ information via Internet
Event Management<br />
Booking of Events via Internet<br />
Viewing of Calendar of Events via Internet<br />
Facility Management Booking of Facilities via Internet<br />
Food & Beverage (F&B)<br />
F&B Point of Sale (POS)<br />
Human Resource / Payroll<br />
Modules: Implementation in Progress<br />
Touch screen<br />
Ability to handle magnetic swipe cards<br />
Kitchen printers<br />
Ease of use<br />
Restricted access rights<br />
Alert tool<br />
Query tool<br />
Time Management System and Time Attendance<br />
Devices linking all Guild Houses<br />
Automated overtime calculations<br />
Leave management and electronic leave<br />
application<br />
Modules Key Features/Processes<br />
Operations<br />
Banquet<br />
Equipment Management<br />
Multi-Location Booking<br />
Electronic Quotation and Event Order<br />
Monitoring of warranty expiry<br />
Monitoring of equipment servicing schedule<br />
Feedback Electronic monitoring of feedback<br />
Finance<br />
Purchasing<br />
F&B Cost Control<br />
Inventory<br />
Electronic Requisition/Market List<br />
Electronic Purchase Order<br />
Recipe Costing<br />
Automated Cost Reports and real-time reporting<br />
Linked to F&B POS<br />
Efficient Stock Take<br />
Electronic receipt, issues and transfers of inventory<br />
Tracking of consumption and generation of stock<br />
replenishment report<br />
Moving forward, the system will be capable of handling the expected increase in<br />
membership, events and activities in the foreseeable future.<br />
Benefits To Members<br />
With the implementation of the Information Management System, members are<br />
now able to:<br />
• View Statement of Accounts via Internet<br />
• View details of bills charged at F&B outlets<br />
• Update particulars via Internet<br />
• Book Events via Internet<br />
• Book Facilities via Internet<br />
<strong>NUSS</strong> Website Revamp<br />
Work on revamping the <strong>NUSS</strong> website commenced in late 2006 and is expected to<br />
be completed in 2007. The revamp involves a new design layout as well as a Content<br />
Management System to facilitate the updating of web information in a timely<br />
and efficient manner. The Sub-Committee, together with the Secretariat staff, will<br />
continue to enhance the website with more functions and capabilities to serve our<br />
members better.<br />
PG nuss<br />
annual report 2006
nuss<br />
annual report 2006<br />
Chairperson<br />
Edward S Tay<br />
Deputy Chairpersons<br />
Tong Hsien-Hui<br />
Francis Pavri (Dr) (Senior Circle)<br />
Vincent Rasa Benedict (Young Chapter)<br />
Members<br />
Jeremy Ee Jian Wen<br />
David Ho Peng Cheong<br />
Kang Choon Seng<br />
Joshua V M Kuma (Dr)<br />
James Leow Jin Ghee<br />
Kassandra Lim Mee Liang (Ms)<br />
Mervyn Sek Kok Chuan<br />
William Tan Teng Hoo<br />
11,601<br />
11,982<br />
11,888<br />
11,704<br />
11,999<br />
2002 2003 2004 2005 2006<br />
Membership over the last five years<br />
PG<br />
Membership<br />
Sub-Committee<br />
Membership<br />
It has been a productive and fruitful year for the Membership Sub-Committee,<br />
especially in the area of membership recruitment.<br />
The year 2006 closed on a high note with a gross total of 737 new members,<br />
compared to 277 the previous year. This was mainly attributed to the success of a<br />
membership recruitment campaign launched in the last quarter - The Super Deal.<br />
The Super Deal attracted some 502 new members who received $1,000 worth of<br />
<strong>NUSS</strong> F&B vouchers and $888 worth of other welcome gifts and privileges when<br />
they signed up at the prevailing entrance fee of $2,000.<br />
Existing members also participated enthusiastically in the Member-Get-Member<br />
promotion held in tandem with The Super Deal and recommended up to 90% of<br />
the new members. For their efforts, these existing members were rewarded with<br />
$500 worth of <strong>NUSS</strong> F&B vouchers for each successful sign-up.<br />
Taking a proactive approach to marketing the <strong>NUSS</strong> membership, the Sub-<br />
Committee sought collaborations with external organisations such as the Law<br />
Society, Singapore Dental Association and Agency for Science, Technology and<br />
Research (A*STAR). Besides aiding in recruitment efforts, these collaborations also<br />
increased awareness of the <strong>NUSS</strong> brand in a direct market of potential members.<br />
Membership By Category<br />
Membership Types Year 2006 Year 2005<br />
Ordinary 8,589 8,525<br />
Life Ordinary 272 240<br />
Associate 3,082 2,880<br />
Life Associate 28 27<br />
Senior 15 19<br />
Honorary 6 6<br />
Term 2 6<br />
Term (Senior) 5 1<br />
Total 11,999 11,704
Promoting networking among members<br />
Adding Value<br />
At the General Meeting on 2 March 2006, the members<br />
approved a new category of membership - Corporate<br />
Members. The corporate market represents a potentially<br />
large, less price sensitive and as yet untapped market<br />
for <strong>NUSS</strong>. The introduction of corporate membership<br />
can also further strengthen the Society’s connections<br />
with the local business community.<br />
The year also saw another key change to membership<br />
policy – transferability of the <strong>NUSS</strong> membership at<br />
a transfer fee of $2,000. Angled as a value-added<br />
service, the Sub-Committee is confident that this<br />
move will benefit inactive members.<br />
Lifestyle activities such as social dancing continued<br />
through the year. Targeting the general membership,<br />
the six bi-monthly dinner and dance events that were<br />
organised enjoyed full-house turnouts. A variety of<br />
dance classes were also held to encourage members’<br />
interest in social dancing.<br />
In the year ahead, the Sub-<br />
Committee will work on finetuning<br />
certain membership<br />
policies with the aim of<br />
making <strong>NUSS</strong> a dynamic<br />
society that keeps abreast<br />
of the evolving needs of its<br />
graduate members.<br />
Membership By Discipline<br />
PG nuss<br />
annual report 2006<br />
New members enjoy themselves at the New Members’ Election Night<br />
Membership By Gender<br />
Year 2006 Year 2005<br />
Accountancy 949 863<br />
Architecture 176 165<br />
Arts & Social Sciences 2,571 2,321<br />
<strong>Building</strong> & Estate Management 26 28<br />
Business Administration 2,132 2,122<br />
Dental Surgery 122 120<br />
Engineering 1,665 1,707<br />
Law 808 767<br />
Medicine 421 437<br />
Science 2,746 2,794<br />
Others 383 380<br />
Total 11,999 11,704<br />
Membership By Age Group<br />
Year 2006 Year 2005<br />
Male 8,322 8,095<br />
Female 3,677 3,609<br />
Total 11,999 11,704<br />
Membership Types Year 2006 Year 2005<br />
21-30 738 619<br />
31-40 3,737 3,645<br />
41-50 4,487 4,421<br />
51 & above 3,037 3,019<br />
Total 11,999 11,704
nuss<br />
annual report 2006<br />
Senior Circle<br />
Chairperson<br />
Francis Pavri (Dr)<br />
Deputy Chairperson<br />
Donald Wyatt<br />
Members<br />
Catherine Ang Wai Hoong (Dr)<br />
Harry Chan Keng Howe<br />
Chua Joon Eng (Dr)<br />
Fua Cheng Kin<br />
Rosemary Khoo Ghim Choo (Dr)<br />
Lim Bee Lum (Ms)<br />
Mary Ng Geok Eng (Ms)<br />
Jenny Soh (Ms)<br />
Yip Kum Fei<br />
PG<br />
Senior Circle<br />
The Senior Circle is a grouping of members who are 55 years of age and above.<br />
It initiates and engages in activities of interest and concern to this particular<br />
membership segment and this interest ranges from issues on ageing to lifestyle<br />
social graces.<br />
The Senior Circle Coffee Mornings, held every Tuesday at Kent Ridge Guild House,<br />
continued to be a popular get-together for its members with activities such as social<br />
bridge, short story-writing and Qigong.<br />
In 2007, the Senior Circle intends to organise a Symposium on Positive Ageing and<br />
a guided hike in Scotland.<br />
Activities<br />
Young Chapter Young Chapter<br />
Chairperson<br />
Vincent Rasa Benedict<br />
Members<br />
Chan Lisar (Ms)<br />
Jeremy Ee Jian Wen<br />
Henry Liew Kok Keong<br />
Loke Sai Yin<br />
Mervyn Sek Kok Chuan<br />
Tong Hsien-Hui<br />
n Visit to Bollywood Organic Farm & Khai Seng Fish Farm (27 July)<br />
n Senior Circle 10 th Anniversary Celebration Dinner (25 August)<br />
n Historical Chinatown Guided Tour (27 October)<br />
n Senior Circle Coffee Mornings (every Tuesday @ KRGH)<br />
The Young Chapter was established as a special interest group to cater to the needs<br />
of members aged 35 years and below through events and activities, providing them<br />
with ample networking opportunities.<br />
Serving as the Society’s designated channel and platform for the study and<br />
dissemination of information on undergraduate and youth issues, the Young<br />
Chapter represents <strong>NUSS</strong> in its dealings with the NUS undergraduate population.<br />
To welcome fresh graduates to the alumni family, the annual <strong>NUSS</strong> New Alumni<br />
Dinner was held on 22 July 2006 at Suntec City Guild House. Gracing the event<br />
was Mr Lee Tzu-Yang, Chairman of Shell Companies in Singapore. Approximately<br />
100 new graduates and faculty staff attended the dinner alongside numerous<br />
industry leaders who were invited to share their experiences with the fresh<br />
graduates.<br />
During the period of the Commencement ceremonies leading up to the New Alumni<br />
Dinner 2006, close to 50 fresh graduates took up the <strong>NUSS</strong> membership.<br />
As a close working partner of the NUS Students’ Union (<strong>NUSS</strong>U), the Young Chapter<br />
supported <strong>NUSS</strong>U at its annual Appreciation Dinner on 13 October 2006. This<br />
strategic collaboration increased the awareness of <strong>NUSS</strong> among the graduating<br />
and undergraduate <strong>NUSS</strong>U members.
Chairperson<br />
Wong Peng Meng<br />
Deputy Chairperson<br />
Mohan Balagopal<br />
Members<br />
Daniel Ong Chon Tui<br />
Evelyn Quek Mui Gek (Ms)<br />
Karen Ralls-Tan Hui Yang (Ms)<br />
Tan Chung Lee (Ms)<br />
Tan Oi Peng (Ms)<br />
Publication<br />
Sub-Committee<br />
PG nuss<br />
annual report 2006<br />
The Publication Sub-Committee oversees the Society’s bi-monthly magazine,<br />
The Graduate and is directly and actively involved in determining the editorial<br />
direction and visual presentation of the magazine. It is the duty of the Sub-<br />
Committee to ensure that the production of The Graduate is cost-effective while<br />
remaining relevant to members.<br />
Ever mindful that The Graduate is an all-rounded information resource for members,<br />
the Sub-Committee strives to balance its contents on three levels – Society-related<br />
news, intellectual and analytical articles as well as lifestyle and leisure features.<br />
<strong>NUSS</strong> News<br />
The February/March 2006 issue of The Graduate captured the official launch of the<br />
<strong>NUSS</strong> commemorative book, True Passion: <strong>NUSS</strong> Fifty Years and On, as its cover story. In<br />
the June/July issue, a double feature on the Alumni Complex was published – a report<br />
on the Groundbreaking Ceremony in May 2006, alongside a preview of the upcoming<br />
Alumni Complex.<br />
In commendation of the <strong>NUSS</strong> members who were honoured with National Day<br />
Awards in 2006, the November/December issue of The Graduate interviewed four of<br />
the recipients for an insight into their contributions to nation building.<br />
Staying Current<br />
The Graduate discussed the significance of Singapore hosting the annual meetings of<br />
the International Monetary Fund and World Bank in September 2006, and analysed<br />
the key issues raised in ‘Banking on the Bottom Line’, the cover story of the November/<br />
December 2006 issue.<br />
Lifestyle<br />
The globetrotting series, ‘Your World’, took members from the romantic city of<br />
Florence to the charming town of Siem Reap and the mysterious unknown of ancient<br />
Tibet. The regular ‘Talking Tech’ spread featured the latest electronic gadgets for<br />
work and play. Homebodies benefited from articles tracking the trends in the local<br />
property market, and interior design features with tips to create the dream home.<br />
To renew and revitalise the magazine, the Sub-Committee has worked on several<br />
improvements to be effected with the March/April 2007 issue of The Graduate.<br />
Through the course of the year, the Sub-Committee has also selected a new publishing<br />
house to manage the magazine on the Society’s behalf. The new publishing house is<br />
charged with producing a fresh and vibrant members’ magazine.
nuss<br />
annual report 2006<br />
Chairperson<br />
Francis Pavri (Dr)<br />
Deputy Chairperson<br />
Mohan Balagopal<br />
Members<br />
Michael Fernandez<br />
Maurice Neo Choon Aik<br />
Evelyn Quek Mui Gek (Ms)<br />
Edmund Tan Peng Yew<br />
Andrew Teo Neng Wee<br />
Ernest Wong Thian Yow<br />
Donald Wyatt<br />
Political dialogues draw full-house crowds<br />
Engaging members in topics of national interest<br />
PG<br />
Resource Panel<br />
Sub-Committee<br />
The Resource Panel Sub-Committee promotes a vibrant intellectual graduate Society<br />
by engaging members on national and international issues in accordance with the<br />
Society’s mission.<br />
To this end, the Sub-Committee organised two successful political<br />
dialogue sessions in conjunction with the Singapore General Elections<br />
in April. The first session on 26 April posed the question: “Does Singapore<br />
Have a Choice?” With representatives from most local political parties, a<br />
very lively discussion touching on issues such as political freedom and<br />
the evolving political landscape in Singapore took place.<br />
Shortly after the Singapore General Elections was held, the Sub-<br />
Committee hosted a post mortem dialogue session, again with numerous<br />
party representatives, to discuss and analyse the results of the elections.<br />
As an education and advisory resource for <strong>NUSS</strong>, the Sub-Committee<br />
delves into researching issues relating to the development of NUS<br />
and Singapore and oversees the publication of Commentary to diffuse<br />
informed opinion.<br />
Commentary<br />
First published in 1968, Commentary holds the<br />
distinction of being the oldest academic journal<br />
in Singapore.<br />
In 2006, the Sub-Committee spearheaded<br />
volume 20 of Commentary: The Corporatisation<br />
of Tertiary Education. Under the stewardship of<br />
guest editor Emeritus Professor Edwin Thumboo,<br />
the volume benefited from the contributions of<br />
many local luminaries in relation to the shifting<br />
tertiary education landscape in Singapore. This<br />
volume is expected to be published in 2007.
Chairperson<br />
Siva S Retnam<br />
Deputy Chairpersons<br />
Teo Chin Tuan<br />
Kwek Chok Ming<br />
Members<br />
Steven Cheong Yue Thong<br />
Chong Hoong Sang<br />
Loh Hong Sai (Professor)<br />
Oon Tik Lee<br />
Anthony Teo Hua Wu<br />
alut Convenor<br />
GS Rengarajoo<br />
adminton Convenor<br />
Chua Hock Huat<br />
illiards Convenor<br />
Eric Tan Suan Woi<br />
owling Convenor<br />
Rae Ng Hock Chuan<br />
ridge Convenor<br />
Francis Pavri (Dr)<br />
Darts Convenor<br />
Tan Kek Ann<br />
Floorball Convenor<br />
Loke Sai Yin<br />
Golf Convenor<br />
Eddie Lee<br />
Soccer Convenor<br />
Yap Ning Jee<br />
Squash Convenor<br />
Chua Hwee Woon<br />
Table Tennis Convenor<br />
Wong Hoe Sang<br />
Tennis Convenor<br />
Johnny Quah Seng Huat<br />
Weiqi Convenor<br />
Tony Ooi Yan Tong<br />
Sports and Recreation<br />
Sub-Committee<br />
PG nuss<br />
annual report 2006<br />
The year 2006 was a busy one for the Sports and Recreation (S&R) Sub-Committee.<br />
Aside from hosting and participating in major sporting events like the NUS-<strong>NUSS</strong><br />
Centennial Golf Challenge and annual <strong>NUSS</strong>-PAUM Games, the Sub-Committee also<br />
spearheaded the creation of three new sports sections – Floorball, Table Tennis and<br />
Running Club.<br />
The redevelopment of Kent Ridge Guild House in tandem with the construction<br />
of the Alumni House saw the removal of popular sporting facilities like the tennis<br />
courts and swimming pools. To minimise disruption to members’ enjoyment of these<br />
facilities, the Sub-Committee made alternative arrangements with organisations<br />
in the vicinity, including NUS Sports and Recreation Centre, NUS High School and<br />
Singapore Polytechnic Graduates’ Guild.<br />
Section Fee Paying/ Non-Fee Paying No. of Members<br />
Badminton Non-Fee Paying 60<br />
Balut Non-Fee Paying 27<br />
Billiards Fee-Paying 28<br />
Bowling Fee-Paying 61<br />
Bridge Fee-Paying 39<br />
Darts Non-Fee Paying 14<br />
Floorball Non-Fee Paying 20<br />
Golf Fee Paying 1,001<br />
Running Club Non-Fee Paying 19<br />
Soccer Non-Fee Paying 59<br />
Squash Fee Paying 40<br />
Table Tennis Non-Fee Paying 6<br />
Tennis Fee Paying 193<br />
Weiqi Fee Paying 16<br />
Total 1,583
nuss<br />
annual report 2006<br />
Representatives from participating clubs launching the NUS-<strong>NUSS</strong> Centennial Golf Challenge<br />
Results of the <strong>NUSS</strong>-PAUM Games<br />
Game <strong>NUSS</strong> PAUM<br />
Badminton 4 3<br />
Billiards 2 3<br />
Bowling 8 2<br />
Golf 2 8<br />
Soccer 1 2<br />
Squash 2 3<br />
Table Tennis 2 5<br />
Tennis 2 5<br />
PG<br />
8<br />
The Badminton Section<br />
From left, Mr Yatiman Yusof, Dr Vivian Balakrishnan, Prof Teo Choo Soo and<br />
Mr Kwek Chok Ming toasting the success of the Golf Challenge<br />
NUS-<strong>NUSS</strong> Centennial Golf Challenge<br />
19 February 2006 was a day to remember. More than 1,700 golfers teed off across<br />
14 golf courses in Singapore in the NUS-<strong>NUSS</strong> Centennial Golf Challenge. The event<br />
established the first-ever Guinness World Record for the most number of participants<br />
teeing off simultaneously at a one-day golf event.<br />
A collaborative effort between NUS and <strong>NUSS</strong>, the Centennial Golf Challenge was<br />
organised to commemorate the University’s 100 th anniversary.<br />
In the driver’s seat of the event was Deputy Chairperson of the <strong>NUSS</strong> S&R Sub-<br />
Committee, Mr Kwek Chok Ming, who doubled up as the Chairperson of the Centennial<br />
Golf Challenge Organising Committee. The Sub-Committee rallied support for the<br />
event by encouraging participation from members, actively sought sponsorships and<br />
co-ordinated the logistical arrangements with all the participating clubs.<br />
<strong>NUSS</strong>-PAUM Games<br />
In September 2006, the Sub-Committee gathered 85 participants for the 21 st <strong>NUSS</strong>-<br />
PAUM Games in Kuala Lumpur, Malaysia. The annual Games mark a longstanding<br />
relationship between the Society and the Persatuan Alumni Universiti Malaya (PAUM)<br />
that began in 1984.<br />
Participants contested in eight major sporting events – golf, soccer, squash, badminton,<br />
table tennis, bowling, billiards and tennis. After bouts of keen competition, PAUM<br />
bagged the coveted Challenge Trophy with a final result of six to two.<br />
Badminton<br />
The Badminton section participated in several competitions over the course of the<br />
year, honing their skills in the 2 nd Singapore Swimming Club Interclub League and<br />
Cheers Badminton Tournament. The section also formed a team to take part in the<br />
<strong>NUSS</strong>-PAUM Games in September 2006 and successfully<br />
edged out the competition four to three.<br />
Efforts to recruit more section members continued and<br />
proved quite successful. The section had to start a new<br />
badminton practice session on Wednesday evenings to<br />
cater to the increased demand from its members.<br />
Balut<br />
The Balut section did <strong>NUSS</strong> proud when it brought home<br />
the Interclub Balut Championship 2006 title after a 16year<br />
hiatus. The section hopes the win will be a morale<br />
booster for its members and encourage more members<br />
to take up Balut.
The Interclub Balut Championship 2006<br />
PG<br />
9<br />
In October 2006, the section also<br />
fielded a team to represent <strong>NUSS</strong> at<br />
the 26 th STC Interport Balut in Kudat,<br />
Sabah. The team, comprising Darshan<br />
Singh, Lim Kah Lok, Vincent Rasa<br />
Benedict and GS Rengarajoo, played the<br />
eight-round tournament against 27 other<br />
teams from Singapore and Malaysia.<br />
As the year came to a close, the results of the Balut Ladder – a ranking system based<br />
on the score of the best of ten games – were revealed.<br />
Billiards<br />
Tournaments formed the highlight of the year for the Billiards<br />
section. The <strong>NUSS</strong> Closed Billiards and Snooker Tournament 2006<br />
was conducted over a period of three weeks spanning October<br />
and November, and offered enthusiasts the opportunity to pit<br />
their skills against one another.<br />
The Billiards section also participated in the National Snooker<br />
League in December 2006, competing against six opposing<br />
teams.<br />
Bowling<br />
The Bowling section organised a series of monthly bowling<br />
competitions at various bowling centres, culminating in the<br />
Year-end Bowling Masters Competition held at Westwood Bowl<br />
on 19 November 2006. At the <strong>NUSS</strong>-PAUM Games, a strong<br />
team of eight competitive bowlers led by Chong Hoong Sang<br />
did the Society proud when they bowled over the Malaysian<br />
side with a final score of eight to two.<br />
To foster stronger bonds and greater fellowship amongst <strong>NUSS</strong><br />
bowlers, the section successfully organised and hosted its own<br />
Mixed Trios League at Pocket Bowl on Friday evenings from<br />
17 February to 5 May 2006. A total of 36 avid bowlers in five<br />
teams battled it out with one another in an intense two-round<br />
league of friendly bowling.<br />
Bridge<br />
The Bridge section hosted two major in-house events in 2006<br />
– the Lunar New Year Ang Bao Pairs in February and the <strong>NUSS</strong><br />
Intercollege Bridge Tournament in July. The latter saw teams<br />
from <strong>NUSS</strong> and NUS competing in the Open category as well as<br />
participants from Catholic Junior College, Hwa Chong Institution,<br />
Raffles Junior College and Victoria Junior College competing in<br />
the Junior College category.<br />
The section joined numerous external tournaments such as<br />
the 20 th Interclub Bridge League and Easter Congress, both<br />
organised by the Singapore Contract Bridge Association.<br />
Teams were also fielded to participate in the Chinese<br />
Swimming Club’s Premier Bridge League from March to May<br />
2006.<br />
Darts<br />
In May 2006, the Darts section hosted and won the annual<br />
Darts Triangular against Serangoon Gardens Country Club<br />
and Singapore Cricket Club. Section members also participated<br />
in the Singapore Darts Association League from March to<br />
November and the <strong>NUSS</strong> 8 th Darts Open in November 2006.<br />
Balut Ladder 2006<br />
Ranking Section<br />
Member<br />
nuss<br />
annual report 2006<br />
The <strong>NUSS</strong> Closed Billiards and Snooker Tournament 2006<br />
Event Champion 1 st Runner-Up<br />
Billiards – 4 Ball Edwin Wang Eric Tan<br />
Billiards – 3 Ball Edwin Wang Choo Hock Eng<br />
<strong>NUSS</strong> Snooker Cup Kenneth Lim Eric Tan<br />
<strong>NUSS</strong> Snooker Plate Edwin Wang Choo Hock Eng<br />
Results of the <strong>NUSS</strong> 8 th Darts Open<br />
Champion 1 st Runner-up<br />
Oon Tik Lee Kevin Kwek<br />
Score<br />
1 GS Rengarajoo 6,040<br />
2 Loke Sai Yin 5,986<br />
3 Lim Kah Lok 5,955<br />
4 Para Krishnan 5,935<br />
5 Daniel Chong 5,908<br />
The Bowling Section<br />
The Darts Section
nuss<br />
annual report 2006<br />
Action-packed floorball clinics<br />
Golfers enjoy themselves on and off the course<br />
Soccer 7s<br />
CUP<br />
Champion Communication Agent FC<br />
Land Transport Authority<br />
First Runner-up<br />
Staff Club Team B<br />
Second Runner-up NUS Undertakers<br />
PG<br />
PLATE<br />
Champion <strong>NUSS</strong> Team A<br />
First Runner-up Kowloon Club<br />
0<br />
Floorball<br />
From September to November 2006, the Sub-Committee collaborated with the<br />
Singapore Floorball Association to organise three floorball clinics for members to<br />
get acquainted with the sport. The section now has 20 members and continues to<br />
grow steadily.<br />
Golf<br />
The Golf section was kept extremely busy in 2006 organising its regular monthly<br />
medals, which brought participants from the familiar greens of Singapore, Malaysia<br />
and Indonesia to the scenic courses of Kunming, China. These trips, together with<br />
Golf section highlights like the Ang Pow Golf Game, Golf Annual and AGM Golf<br />
Game enjoyed strong support from participants.<br />
The Golf section also represented the Society at the <strong>NUSS</strong>-PAUM Games in<br />
September 2006.<br />
Without a doubt, the most memorable golf tournament of the year was the<br />
NUS-<strong>NUSS</strong> Centennial Golf Challenge on 19 February 2006. Spearheaded by<br />
the Golf section, this nationwide record-making event succeeded through the<br />
collaborative efforts of NUS and <strong>NUSS</strong> as well as the support of participating golf<br />
clubs and generous sponsors.<br />
In efforts to promote the game, the section organised structured golf lessons<br />
leading to a Proficiency Certificate and complimentary weekly lessons at Bukit<br />
Batok Driving Range and Keppel Club Driving Range.<br />
<strong>NUSS</strong> golfers in Kunming, China<br />
Running Club<br />
Since its inception in September 2006, the Running Club has organised monthly runs<br />
around the Kent Ridge campus for its members. In the pipeline are plans to organise a<br />
mass run for <strong>NUSS</strong> members in early 2007.<br />
Soccer<br />
Soccer section members remained on top of their game with 19<br />
monthly friendlies against various social teams at the St Wilfred<br />
soccer field and The Cage. The section also organised the Soccer<br />
7s tournament.<br />
Squash<br />
The Squash section has a core of active members who meet<br />
regularly on Monday and Thursday evenings for section games.<br />
In 2006, they had two friendly games, one with West Coast<br />
Recreation Club and the other one with NUS. Internally, the<br />
section had an AGM game and a post Christmas game to close<br />
the year.
Table Tennis<br />
The Sub-Committee established the Table Tennis section to cater<br />
to the broader sporting needs of <strong>NUSS</strong> members. Aside from<br />
participating in recreational sessions, section members also<br />
competed in the <strong>NUSS</strong>-PAUM Games.<br />
Tennis<br />
The Tennis section kept a full calendar in 2006 by participating<br />
in external tournaments such as the Interclub Singles League,<br />
Interclub Doubles Knockout and Interclub Doubles League. The<br />
section also played at the Singapore Swimming Club’s 7 th<br />
Invitational Tennis Tournament in February, hosted a friendly<br />
match with Swiss Club in March, played in a friendly match<br />
hosted by Tanglin Club in September and another friendly<br />
at the clay courts of Batu Pahat on the way back from the<br />
<strong>NUSS</strong>-PAUM Games.<br />
In June, to mark the demolition of the tennis courts at Kent Ridge<br />
Guild House, a farewell bash was held (with a tie-break shoot out)<br />
that lasted till midnight.<br />
In addition to participating in external competitions, the<br />
first internal doubles league was held in June for section<br />
members. Notwithstanding the lack of home courts and the<br />
participants having to make their own court arrangements, the<br />
section was able to attract 25 pairs for this inaugural event. All<br />
teams, both men and ladies, were graded into five groups of five<br />
teams each, and competed on a round robin format within their<br />
respective groups over three months.<br />
The winning teams of each group were:<br />
Group 1 Adriano Ortega / Paul Wong<br />
Group 2 Ronny Chew / James Seah<br />
Group 3 William Lai / Winston Ng<br />
Group 4 Chua Li Suan / Iris Chan<br />
Group 5 Margaret Lee / Chi Ching<br />
The <strong>NUSS</strong> Team Tennis 2006 was notably the biggest inhouse<br />
tennis event. Attracting some 56 section members, the<br />
tournament was held at Singapore Polytechnic on 19 November.<br />
Competing on a round robin format, the four teams – Spalding,<br />
Bancroft, Rossignol and Donnay – were closely contested<br />
throughout the tournament and in the final tally, only half a<br />
point separated the winner Team Spalding from first runner-up,<br />
Team Rossignol.<br />
Weiqi<br />
The Weiqi section remained active in 2006, meeting regularly for<br />
section games at KRGH. Efforts to attract more members to the<br />
game of Weiqi are ongoing.<br />
Team Spalding<br />
Team Rossignol<br />
PG nuss<br />
annual report 2006<br />
Results of Team Tennis 2006<br />
Team Score<br />
Champion Spalding 12<br />
1st Runner-up Rossignol 11.5<br />
2nd Runner-up Donnay 11<br />
3rd Runner-up Bancroft 7<br />
Sporting camaraderie
nuss<br />
annual report 2006<br />
<strong>NUSS</strong> family portrait<br />
Nurturing young minds<br />
PG<br />
Welcoming fresh graduates at the New Alumni Dinner<br />
Celebrating with new members
PG nuss<br />
annual report 2006<br />
Growing<br />
Our Numbers
nuss<br />
annual report 2006<br />
PG<br />
Financial Statements<br />
The National University of Singapore Society for the year ended December 00<br />
contents<br />
65 auditors’ report 66 balance sheet 67 income and expenditure account<br />
68 statement of changes in members’ funds 69 cash flow statement 70 notes to the financial statements
Auditors’ report<br />
to the members of The National University of Singapore Society<br />
PG<br />
65<br />
<strong>NUSS</strong><br />
ANNUAl RepoRt 2006<br />
We have audited the accompanying financial statements of The National University of Singapore Society, which comprise the<br />
balance sheet as at 31 December 2006, and the income and expenditure account, statement of changes in members’ funds and<br />
cash flow statement for the year then ended and a summary of significant accounting policies and other explanatory notes.<br />
Management Committee’s Responsibility for the Financial Statements<br />
The Management Committee is responsible for the preparation and fair presentation of these financial statements in accordance<br />
with the Singapore Financial Reporting Standards. This responsibility includes: designing, implementing and maintaining<br />
internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement,<br />
whether due to fraud or error; selecting and applying appropriate accounting policies; and making accounting estimates that<br />
are reasonable in the circumstances.<br />
Auditors’ Responsibility<br />
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in<br />
accordance with Singapore Standards on Auditing. Those standards require that we comply with ethical requirements and plan<br />
and perform the audit to obtain reasonable assurance whether the financial statements are free from material misstatement.<br />
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial<br />
statements. The procedures selected depend on the auditors’ judgment, including the assessment of the risks of material<br />
misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditors<br />
consider internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to<br />
design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the<br />
effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies<br />
used and the reasonableness of accounting estimates made by the Management Committee, as well as evaluating the overall<br />
presentation of the financial statements.<br />
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.<br />
Opinion<br />
In our opinion, the financial statements are properly drawn up in accordance with the Singapore Financial Reporting Standards<br />
and so as to give a true and fair view of the state of affairs of the Society as at 31 December 2006 and the results, changes in<br />
members’ funds and cash flows of the Society for the financial year then ended on that date.<br />
Foo Kon Tan Grant Thornton<br />
Certified Public Accountants<br />
Singapore, 1 March 2007
<strong>NUSS</strong><br />
ANNUAl RepoRt 2006<br />
Balance sheet<br />
PG<br />
66<br />
Chandra Mohan K Nair Yee Woon Yim<br />
President Honorary Treasurer<br />
Dated : 1 March 2007<br />
The annexed notes form an integral part of and should be read in conjunction with these financial statements.<br />
31 December 2006 31 December 2005<br />
Note $ $<br />
Assets<br />
Non–Current<br />
Property and equipment 3 10,385,151 10,340,470<br />
Term deposit 4 – 5,000,000<br />
10,385,151 15,340,470<br />
Current<br />
Term deposit 4 5,000,000 –<br />
Inventories, at cost 5 183,041 232,032<br />
Amounts due from members 6 3,021,184 3,047,643<br />
Sundry receivables 7 1,198,192 1,186,678<br />
Cash and cash equivalents 8 23,771,392 22,282,844<br />
33,173,809 26,749,197<br />
Total assets 43,558,960 42,089,667<br />
Members’ Funds<br />
Accumulated Fund 18,309,791 8,464,722<br />
Development Fund 20,811,597 21,539,837<br />
Fixed Assets Fund – 7,956,562<br />
39,121,388 37,961,121<br />
Liabilities<br />
Current<br />
Members’ deposits 1,355,678 1,412,318<br />
Creditors and accruals 9 2,955,653 2,716,228<br />
Provision for tax 126,241 –<br />
4,437,572 4,128,546<br />
Total members’ funds and liabilities 43,558,960 42,089,667
Income and expenditure account<br />
PG<br />
67<br />
The annexed notes form an integral part of and should be read in conjunction with these financial statements.<br />
<strong>NUSS</strong><br />
ANNUAl RepoRt 2006<br />
Year ended Year ended<br />
31 December 2006 31 December 2005<br />
Note $ $<br />
Income<br />
Food and beverage income 6,424,128 6,463,880<br />
Subscriptions 6,096,958 6,219,859<br />
Net members’ entrance fee 10 1,091,632 526,420<br />
Net revenue from fruit machines 2,773,618 2,447,154<br />
Sundry income 11 423,327 453,086<br />
Interest income 686,071 427,047<br />
17,495,734 16,537,446<br />
Expenditure<br />
Food and beverage expenditure (6,929,120) (7,318,836)<br />
Club activities 12 (591,973) (772,836)<br />
Administration and general operating expenditure 12 (8,218,245) (8,443,786)<br />
Impairment on clubhouse building 3 (469,888) –<br />
Surplus of income over expenditure before taxation 1,286,508 1,988<br />
Taxation 13 (126,241) 7,278<br />
Surplus of income over expenditure after<br />
taxation transferred to Accumulated Fund 1,160,267 9,266
<strong>NUSS</strong><br />
ANNUAl RepoRt 2006<br />
PG<br />
68<br />
Statement of changes in members’ funds<br />
Accumulated Development Fixed Property<br />
Fund Fund Assets Maintenance<br />
Fund Fund Total<br />
$ $ $ $ $<br />
Balance at 1 January 2005 7,482,626 20,833,889 9,223,373 411,967 37,951,855<br />
Surplus of income over<br />
expenditure after taxation 9,266 – – – 9,266<br />
Transfer to Development<br />
Fund (Note 14) (705,948) 705,948 – – –<br />
Transfer from Fixed Assets<br />
Fund (Note 15) 1,266,811 – (1,266,811) – –<br />
Transfer from Property<br />
Maintenance Fund 411,967 – – (411,967) –<br />
Balance at 31 December 2005 8,464,722 21,539,837 7,956,562 – 37,961,121<br />
Surplus of income over<br />
expenditure after taxation 1,160,267 – – – 1,160,267<br />
Transfer to Development<br />
Fund (Note 14) 728,240 (728,240) – – –<br />
Transfer from Fixed Assets<br />
Fund (Note 15) 7,956,562 - (7,956,562) – –<br />
Balance at 31 December 2006 18,309,791 20,811,597 – – 39,121,388<br />
The annexed notes form an integral part of and should be read in conjunction with these financial statements.
Cash flow statement<br />
PG<br />
69<br />
The annexed notes form an integral part of and should be read in conjunction with these financial statements.<br />
<strong>NUSS</strong><br />
ANNUAl RepoRt 2006<br />
Year ended Year ended<br />
31 December 2006 31 December 2005<br />
Note $ $<br />
Cash Flows from Operating Activities<br />
Surplus of income over expenditure before taxation 1,286,508 1,988<br />
Adjustments for:<br />
Bad debts written off – members 112,683 –<br />
Loss on disposal of property and equipment – 7,402<br />
Depreciation of property and equipment 1,775,022 1,595,215<br />
Impairment on clubhouse building 469,888 –<br />
Interest income from autosave accounts and<br />
fixed deposits (686,071) (427,047)<br />
Payment to NUS as part of pledge – 156,929<br />
Allowance for doubtful receivables of<br />
members’ account 32,782 175,317<br />
Operating cash flows before working capital changes 2,990,812 1,509,804<br />
Decrease/(increase) in inventories 48,991 (30,916)<br />
(Increase)/decrease in amounts due from members (119,006) 194,960<br />
Decrease/(increase) in sundry receivables 25,567 (106,071)<br />
Decrease in members’ deposits (56,640) (51,472)<br />
Increase/(decrease) in creditors and accruals 370,245 (4,592)<br />
Cash generated from operations 3,259,969 1,511,713<br />
Interest received from autosave accounts and<br />
fixed deposits 173,050 96,412<br />
Income tax paid – (5,341)<br />
Net cash generated from operating activities 3,433,019 1,602,784<br />
Cash Flows from Investing Activities<br />
Proceed from disposal of property and equipment – 4,598<br />
Purchase of property and equipment (2,420,411) (809,008)<br />
Interest received from fixed and term deposits 475,940 294,359<br />
Payment to NUS as part of pledge – (156,929)<br />
Net cash used in investing activities (1,944,471) (666,980)<br />
Cash Flows from Financing Activity<br />
Decrease/(increase) in fixed deposits pledged – (24,000)<br />
Net cash generated from/(used in) financing activity – (24,000)<br />
Net increase in cash and cash equivalents 1,488,548 911,804<br />
Cash and cash equivalents at beginning 22,170,614 21,258,810<br />
Cash and cash equivalents at end 8 23,659,162 22,170,614
<strong>NUSS</strong><br />
ANNUAl RepoRt 2006<br />
PG<br />
70<br />
Notes to the financial statements<br />
1 General information<br />
The financial statements of The National University of Singapore Society for the year ended 31 December 2006 were<br />
authorised for issue in accordance with a resolution of the Management Committee on 1 March 2007.<br />
The Society is registered under the Societies Act and is domiciled in the Republic of Singapore.<br />
The registered office of the Society is located at Kent Ridge Guild House, 9 Kent Ridge Drive, Singapore 119241.<br />
The principal activities of the Society are to provide club facilities and to organise social, recreational and intellectual activities<br />
for its members.<br />
2 Summary of significant accounting policies<br />
Basis of preparation<br />
The financial statements are prepared under the historical cost convention and in accordance with Singapore Financial<br />
Reporting Standards (“FRS”) including related Interpretations promulgated by the Council on Corporate Disclosure and<br />
Governance (“CCDG”).<br />
On 1 January 2006, the Society adopted the new or revised FRS and INT FRS that are mandatory for application on that date.<br />
This includes the following FRS and INT FRS, which are relevant to the Society as a single entity:<br />
FRS 19 (Amendment) Employee Benefits<br />
FRS 21 (Amendment) The Effect of Changes in Foreign Exchange Rates<br />
FRS 32 (Amendment) Financial Instruments: Disclosure and Presentation<br />
FRS 39 (Amendment) Financial Guarantee Contracts<br />
INT FRS 104 Determining whether an Arrangement contains a Lease<br />
The adoption of the above FRS and INT FRS did not result in any significant changes to the Society’s accounting policies.<br />
At the date of authorisation of these financial statements, the following FRSs and INT FRSs were issued but not yet effective:<br />
FRS 1 (Amendment) Amendments Relating to Capital Disclosures<br />
FRS 32 Financial Instruments: Presentation<br />
FRS 40 Investment Property<br />
FRS 107 Financial Instruments: Disclosures<br />
INT FRS 107 Applying the Restatement Approach under FRS 29 Financial Reporting in Hyperinflationary<br />
Economies<br />
INT FRS 108 Scope of FRS 102<br />
INT FRS 109 Reassessment of Embedded Derivatives<br />
INT FRS 110 Interim Financial Reporting and Impairment<br />
The Management Committee does not anticipate that the adoption of these FRSs and INT FRSs in the initial period of<br />
application will have a material impact on the financial statements of the Society.
Notes to the financial statements<br />
2 Summary of significant accounting policies (cont’d)<br />
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<strong>NUSS</strong><br />
ANNUAl RepoRt 2006<br />
Significant accounting estimates and judgements<br />
The preparation of the financial statements in conformity with FRS requires the use of estimates and assumptions that affect<br />
the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial<br />
statements and the reported amounts of revenues and expenses during the financial year. Although these estimates are<br />
based on management’s best knowledge of current events and actions, actual results may differ from those estimates.<br />
Functional and presentation currency<br />
Items included in the financial statements of the Society are measured using the currency that best reflects the economic<br />
substance of the underlying events and circumstances relevant to the Society (“the functional currency”). The financial<br />
statements of the Society are presented in Singapore dollars, which is also the functional currency of the Society.<br />
Property and equipment and depreciation<br />
Properties and equipment are stated at cost less accumulated depreciation and any impairment losses, with the exception<br />
of assets under construction-in-progress which are stated at cost plus other directly related expenses including interest<br />
expense. The cost of an asset comprises its purchase price and any directly attributable costs of bringing the asset to working<br />
condition for its intended use. Expenditure for additions, improvements and renewals is capitalised and expenditure for<br />
maintenance and repairs is charged to the income and expenditure account. When assets are sold or retired, their cost and<br />
accumulated depreciation are removed from the financial statements and any gains or loss resulting from their disposal is<br />
included in the income and expenditure account.<br />
Dismantlement, removal or restoration costs are included as part of the cost of property, plant and equipment if the<br />
obligation for dismantlement, removal or restoration is incurred as a consequence of acquiring or using the asset. Cost<br />
may also include transfers from equity of any gains/losses on qualifying cash flow hedges of foreign currency purchases<br />
of property, plant and equipment.<br />
Depreciation is calculated on the straight-line method to write off the cost of assets over their estimated useful lives.<br />
The annual rates of depreciation are as follows:<br />
Kent Ridge - old building 3 1 /3% (over original lease period)<br />
Kent Ridge - new building 5% (over remaining lease period)<br />
Suntec City premises 16 2 /3% (over total lease period)<br />
Furniture, fittings and equipment 33 1 /3%<br />
Fruit machines 25%<br />
Kitchen equipment 20%<br />
Office equipment 10%<br />
Computers 33 1 /3%<br />
Motor vehicles 20%<br />
Tools and equipment 20%<br />
Fitness equipment 33 1 /3%<br />
The carrying amounts of property and equipment are reviewed yearly in order to assess whether their carrying amounts need<br />
to be written down to recoverable amounts. Recoverable amount is defined as the higher of value in use and net selling price.
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ANNUAl RepoRt 2006<br />
PG<br />
72<br />
Notes to the financial statements<br />
2 Summary of significant accounting policies (cont’d)<br />
Inventories<br />
Inventories, which comprise principally bar and consumable food stocks, are stated at cost. Cost is determined on a first-in<br />
first-out basis.<br />
Financial assets<br />
The Society classifies its financial assets, other than hedging instruments, into the following categories: financial assets at<br />
fair value through profit or loss, held-to-maturity investments, loans and receivables and available-for-sale financial assets.<br />
Financial assets are assigned to the different categories by Management Committee on initial recognition, depending on the<br />
purpose for which the financial assets were acquired. The designation of financial assets is re-evaluated and classification<br />
may be changed at the reporting date. All financial assets are recognised on their trade date – the date on which the<br />
Society commits to purchase or sell the assets. Financial assets are initially recognised at fair value, plus directly attributable<br />
transaction costs except for financial assets at fair value through profit or loss, which are recognised at fair value.<br />
Derecognition of financial instruments occurs when the rights to receive cash flows from the investments expire or are<br />
transferred and substantially all of the risks and rewards of ownership have been transferred. An assessment for impairment<br />
is undertaken at least at each balance sheet date whether or not there is objective evidence that a financial asset or a group<br />
of financial assets is impaired.<br />
Non-compounding interest and other cash flows resulting from holding financial assets are recognised in income and<br />
expenditure account when received, regardless of how the related carrying amount of financial assets is measured.<br />
Held-to-maturity investments<br />
Held-to-maturity investments are non-derivative financial assets with fixed or determinable payments and a fixed date<br />
of maturity that the Society has the positive intent and ability to hold to maturity. Held-to-maturity investments are<br />
subsequently measured at amortised cost using the effective interest method. In addition, if there is objective evidence that<br />
the investment has been impaired, the financial asset is measured at the present value of estimated cash flows. Any changes<br />
to the carrying amount of the investment are recognised in income and expenditure account. Any reversal shall not result in<br />
a carrying amount that exceeds what the amortised cost would have been had any impairment loss not been recognised at<br />
the date the impairment is reversed. Any reversal is recognised in the income and expenditure account.<br />
Loans and receivables<br />
Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an<br />
active market. They arise when the Society provides money, goods or services directly to a debtor with no intention of<br />
trading the receivables. They are included in current assets, except for maturities greater than 12 months after the balance<br />
sheet date. These are classified as non-current assets.<br />
Loans and receivables are initially recognised at fair value and subsequently measured at amortised cost using the effective<br />
interest method, less provision for impairment. Any change in their value is recognised in the income and expenditure<br />
account. Any reversal shall not result in a carrying amount that exceeds what the amortised cost would have been had<br />
any impairment loss not been recognised at the date the impairment is reversed. Any reversal is recognised in the income<br />
and expenditure account.
Notes to the financial statements<br />
2 Summary of significant accounting policies (cont’d)<br />
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ANNUAl RepoRt 2006<br />
Loans and receivables (cont’d)<br />
Receivables are provided against when objective evidence is received that the Society will not be able to collect all amounts<br />
due to it in accordance with the original terms of the receivables. The amount of the write-down is determined as the<br />
difference between the asset’s carrying amount and the present value of estimated future cash flows.<br />
Receivables include amounts due from members and sundry receivables.<br />
Cash and cash equivalents<br />
Cash and cash equivalents comprise cash balances on hand and at bank, and fixed deposits. For the purpose of the cash flow<br />
statement, term deposit from Development Fund is excluded as it represents non-current asset as well as fixed deposits that<br />
are pledged to financial institutions to secure bankers’ guarantee.<br />
Development Fund<br />
The Development Fund is used for the development of the Society including any expenses incurred for any feasibility study<br />
on prospective development projects of the Society. Primarily, entrance fee from members and interest income from fixed and<br />
term deposits and its related income tax charge are transferred to this fund.<br />
Fixed Assets Fund<br />
The Fixed Assets Fund is accumulated from amounts transferred out of the Development Fund for the costs incurred in the<br />
development of its clubhouses and related equipment and debited with depreciation charges.<br />
In 2006, the Management Committee transferred the brought forward amount of $7,956,562 to the Accumulated Fund.<br />
Financial liabilities<br />
The Society’s financial liabilities include bank loans and overdraft and payables.<br />
Financial liabilities are recognised when the Society become a party to the contractual agreements of the instrument. All<br />
interest related charges are recognised as an expense in “finance costs” in the income and expenditure account.<br />
Loans are raised for support of long term development of the Society’s operations. They are recognised initially at fair value of<br />
proceeds received, less attributable transaction costs, if any. Subsequent to initial recognition, loans are stated at amortised<br />
cost which is the initial fair value less any principal repayments. Interest expense, including premiums payable on settlement<br />
or redemption and direct issue costs, are charged to income and expenditure account on an accrual basis using the effective<br />
interest method and are added to the carrying amount of the instrument to the extent that they are not settled in the period<br />
in which they arise.<br />
Payables, which represents consideration for goods and services to be paid in the future, whether or not billed to the Society,<br />
are recognised initially at their fair value and subsequently measured at amortised cost less settlement payments.<br />
Payables include members’ deposits and creditors and accruals.
<strong>NUSS</strong><br />
ANNUAl RepoRt 2006<br />
PG<br />
74<br />
Notes to the financial statements<br />
2 Summary of significant accounting policies (cont’d)<br />
Provisions<br />
Provisions are recognised when the Society has a present obligation (legal or constructive) as a result of a past event, it is<br />
probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable<br />
estimate can be made of the amount of the obligation.<br />
Employee benefits<br />
(i) Defined contribution plan<br />
As required by law, the Society makes contribution to the Central Provident Fund (“CPF”). CPF contribution is<br />
recognised as compensations expense in the same period as the employment that gives rise to the contribution.<br />
(ii) Employee leave entitlements<br />
Employee entitlements to annual leave are recognised when they accrue to employees. Accrual is made for the<br />
unconsumed leave as a result of services rendered by employees up to the balance sheet date.<br />
Impairment of assets<br />
The carrying amounts of the assets subject to impairment are reviewed at each balance sheet date to determine whether<br />
there is any indication of impairment. If any such indication exists, the asset’s recoverable amount is estimated. An<br />
impairment loss is recognised whenever the carrying amount of an asset exceeds its recoverable amount. Recoverable<br />
amount is defined as the higher of value in use and net selling price.<br />
Income recognition<br />
Income is recognised when the significant risks and rewards of ownership have been transferred to the members and the<br />
amount of income and the costs of the transaction can be measured reliably. Income excludes goods and services taxes<br />
and is arrived at after deduction of trade discounts. No income is recognised if there are significant uncertainties regarding<br />
recovery of the consideration due, associated costs or the possible return of subscription fees.<br />
Income from subscriptions and interest on fixed and term deposits are accounted for on a time-apportioned basis.<br />
Income earned from fruit machines are recognised when monies are collected.<br />
The entrance fee is recognised in full in the year in which new members are admitted.<br />
Financial instruments<br />
Financial instruments carried on the balance sheet include cash and cash equivalents, financial assets and financial liabilities.<br />
The particular recognition methods adopted are disclosed in the individual policy statements associated with each item.<br />
Disclosures on the Society’s financial risk management objectives and policies are provided in Note 18.
3 Property and equipment<br />
Furniture,<br />
Clubhouse building<br />
fittings KRGH<br />
Kent Kent Suntec City and Fruit Kitchen Office Motor Tools and Fitness Phase 1<br />
Ridge, old Ridge, new premises equipment machines equipment equipment Computers vehicles equipment equipment in progress Total<br />
$ $ $ $ $ $ $ $ $ $ $ $<br />
Cost<br />
At 1 January 2005 4,412,247 11,125,546 3,430,539 1,949,103 713,393 1,271,113 144,460 630,088 62,362 137,757 167,184 57,435 24,101,227<br />
Additions – – – 59,307 188,098 57,880 1,100 302,354 45,167 – – 155,102 809,008<br />
Disposals – – – (97,113) (145,000) (1,310) – – (62,362) – – – (305,785)<br />
Transfer to/(from) – – (5,108) – – – – 5,108 – – – – –<br />
At 31 December<br />
2005 4,412,247 11,125,546 3,425,431 1,911,297 756,491 1,327,683 145,560 937,550 45,167 137,757 167,184 212,537 24,604,450<br />
Additions – – – 71,474 57,600 15,470 – 225,711 – – – 2,050,156 2,420,411<br />
Costs adjustments – – (130,820) – – – – – – – – – (130,820)<br />
Disposals – – – (4,114) (43,003) – – – – – – – (47,117)<br />
At 31 December<br />
2006 4,412,247 11,125,546 3,294,611 1,978,657 771,088 1,343,153 145,560 1,163,261 45,167 137,757 167,184 2,262,693 26,846,924<br />
Accumulated depreciation and impairment<br />
PG<br />
75<br />
At 1 January 2005 2,936,895 5,258,676 540,519 1,634,812 548,062 987,987 77,834 630,088 62,362 120,252 165,063 – 12,962,550<br />
Depreciation for<br />
the year 147,075 583,991 540,951 124,110 70,912 97,717 9,593 9,506 3,764 5,475 2,121 – 1,595,215<br />
Disposals – – – (97,113) (133,000) (1,310) – – (62,362) – – – (293,785)<br />
At 31 December<br />
2005 3,083,970 5,842,667 1,081,470 1,661,809 485,974 1,084,394 87,427 639,594 3,764 125,727 167,184 – 14,263,980<br />
Depreciation for<br />
the year 147,075 583,992 550,935 133,526 95,881 88,702 9,649 152,013 9,033 4,216 – – 1,775,022<br />
Impairment for the year – 469,888 – – – – – – – – – – 469,888<br />
Disposals – – – (4,114) (43,003) – – – – – – – (47,117)<br />
At 31 December<br />
2006 3,231,045 6,896,547 1,632,405 1,791,221 538,852 1,173,096 97,076 791,607 12,797 129,943 167,184 – 16,461,773<br />
Net book value<br />
<strong>NUSS</strong><br />
ANNUAl RepoRt 2006<br />
At 31 December<br />
2006 1,181,202 4,228,999 1,662,206 187,436 232,236 170,057 48,484 371,654 32,370 7,814 – 2,262,693 10,385,151<br />
At 31 December<br />
2005 1,328,277 5,282,879 2,343,961 249,488 270,517 243,289 58,133 297,956 41,403 12,030 – 212,537 10,340,470<br />
Impairment to the clubhouse building relates to the stage of demolition of clubhouse at year-end in relation to the redevelopment of Kent Ridge Guild House.
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ANNUAl RepoRt 2006<br />
PG<br />
76<br />
Notes to the financial statements<br />
4 Term deposit<br />
The term deposit comprises a deposit with DBS Bank for a period of 5 years. The term deposit matures in October 2007 and<br />
the principal amount of $5,000,000 will be returned to the Society. The effective interest rate earned is at 1% (2005 - 2%) per<br />
annum. The carrying amount approximates its amortised cost.<br />
5 Inventories, at cost<br />
2006 2005<br />
$ $<br />
Consumable food 70,047 76,810<br />
Beverage 100,762 126,573<br />
Miscellaneous 12,232 28,649<br />
183,041 232,032<br />
6 Amounts due from members<br />
2006 2005<br />
$ $<br />
Billed receivables 1,872,832 2,084,721<br />
Entrance fee on instalment basis not yet due for billing 1,691,415 1,473,203<br />
3,564,247 3,557,924<br />
Allowance for doubtful receivables (543,063) (510,281)<br />
3,021,184 3,047,643<br />
Analysis of allowance for doubtful receivables:<br />
Balance at beginning 510,281 350,138<br />
Allowance charge to Income and Expenditure account (Note 12) 32,782 175,317<br />
Utilised - (15,174)<br />
Balance at end 543,063 510,281<br />
Amounts due from members are usually due within 30 days and do not bear any interest rate.<br />
The balances are subject to credit risk exposure. The Society does not identify any specific concentrations of credit risk with<br />
regards to the receivables as the balances resemble a large number of receivables from a large number of members.<br />
Billed receivables include sales, subscriptions and portion of entrance fee on instalment basis billed as at year end.
Notes to the financial statements<br />
7 Sundry receivables<br />
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<strong>NUSS</strong><br />
ANNUAl RepoRt 2006<br />
2006 2005<br />
$ $<br />
Deposits 667,815 705,975<br />
Prepayments 171,670 153,425<br />
Interest receivable 146,484 109,403<br />
Miscellaneous 212,223 217,875<br />
1,198,192 1,186,678<br />
8 Cash and cash equivalents<br />
For the purpose of cash flow statement, the year end cash and cash equivalents balances comprise the following:<br />
2006 2005<br />
$ $<br />
Fixed deposits with financial institutions 20,010,360 16,466,914<br />
Cash and bank balances 3,761,032 5,815,930<br />
23,771,392 22,282,844<br />
Fixed deposits pledged (112,230) (112,230)<br />
23,659,162 22,170,614<br />
The fixed deposits earn interest at the rates ranging from 0.627% to 3.438% (2005 - 0.25% to 2.338%) per annum. The<br />
effective interest rate is 0.75% (2005 - 0.481%) per annum. The maturity terms of fixed deposits are less than a year.<br />
Fixed deposits are pledged to financial institutions to secure banker’s guarantees for the operation of clubhouses.<br />
9 Creditors and accruals<br />
2006 2005<br />
$ $<br />
Trade creditors 629,662 751,627<br />
Other creditors 167,273 165,990<br />
Medical fund 98,627 96,086<br />
Accrued operating expenses 2,060,091 1,702,525<br />
2,955,653 2,716,228<br />
The credit terms granted by suppliers are 30 to 60 days (2005 - 30 to 60 days).
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ANNUAl RepoRt 2006<br />
PG<br />
78<br />
Notes to the financial statements<br />
10 Net members’ entrance fee<br />
2006 2005<br />
$ $<br />
Members’ entrance fee 1,589,570 652,280<br />
Members’ credits/vouchers (497,938) (125,860)<br />
1,091,632 526,420<br />
11 Sundry income<br />
2006 2005<br />
$ $<br />
Administration income 40,560 49,778<br />
Coinafon collection 376 145<br />
Course fees 31,531 46,148<br />
Guest/section fees 70,370 86,418<br />
Income from card spending 61,285 54,752<br />
Income from penalty 100 110<br />
Miscellaneous income 102,506 57,259<br />
Net revenue from amusement machines 2,946 2,813<br />
Planet Fitness income 101,512 133,806<br />
Pool/football table income 12,141 21,857<br />
423,327 453,086<br />
12 Club activities, administration and general operating expenditure<br />
2006 2005<br />
Note $ $<br />
Club activities<br />
Community Services 53,714 47,574<br />
Continuing Education (17,044) 7,218<br />
Cultural 38,649 26,503<br />
Publication and IT 236,260 244,839<br />
External Alumni Relations Networking 319 485<br />
House, Food and Beverage 17,184 22,887<br />
Library 11,002 12,433<br />
Membership Services and Relations 105,311 186,458<br />
Resource Panel – 37,071<br />
Senior Circle (2,996) 1,773<br />
Sports and Recreation 148,746 184,564<br />
Young Chapter 828 1,031<br />
591,973 772,836
Notes to the financial statements<br />
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79<br />
12 Club activities, administration and general operating expenditure (cont’d)<br />
<strong>NUSS</strong><br />
ANNUAl RepoRt 2006<br />
2006 2005<br />
Note $ $<br />
Administration and general operating expenditure<br />
Advertisement 37,916 17,018<br />
Allowance for doubtful receivables of members’ accounts 6 32,782 175,317<br />
Audit fees 13,800 12,000<br />
Bad debts written off - members 112,683 -<br />
Bank charges 47,064 37,178<br />
Clubhouse rental 661,380 662,416<br />
Computer related services 45,947 48,564<br />
Corporate souvenir items 9,147 850<br />
Depreciation of property and equipment 3 1,775,022 1,595,215<br />
Donations 10,000 271,929<br />
Legal fees 18,076 -<br />
Loss on disposal of property and equipment - 7,402<br />
Insurance premium 48,390 63,191<br />
Laundry 21,965 37,317<br />
Licence fees 27,684 33,407<br />
Meetings and functions 72,358 63,423<br />
Miscellaneous expenses 12,821 9,531<br />
Office maintenance 3,388 3,570<br />
Planet Fitness expenses 101,256 139,708<br />
Printing and stationery 120,841 119,953<br />
Professional fees 56,915 6,535<br />
Property tax 112,400 112,400<br />
Postage 97,434 119,883<br />
Repairs and maintenance 438,004 714,404<br />
Staff salaries, bonus and CPF 3,218,228 2,987,244<br />
Staff welfare and uniform 263,705 261,906<br />
Telecommunication charges 41,938 59,813<br />
Temporary staff salaries 29,184 56,193<br />
Transport and motor expenses 55,074 93,880<br />
Utilities 732,843 733,539<br />
8,218,245 8,443,786
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ANNUAl RepoRt 2006<br />
PG<br />
80<br />
Notes to the financial statements<br />
12 Club activities, administration and general operating expenditure (cont’d)<br />
2006 2005<br />
$ $<br />
Staff costs comprise cost relating to:<br />
- Key management personnel 926,037 847,685<br />
- Other personnel 5,547,897 5,378,422<br />
6,473,934 6,226,107<br />
2006 2005<br />
$ $<br />
Included in staff costs are payments to CPF for:<br />
- Key management personnel 224,651 213,004<br />
- Other personnel 1,049,340 978,292<br />
1,273,991 1,191,296<br />
13 Taxation<br />
2006 2005<br />
$ $<br />
Income and expenditure account<br />
Current taxation 80,548 –<br />
Under/(over) provision of current taxation in respect of prior years 45,693 (7,278)<br />
126,241 (7,278)<br />
Under Section 10(1)(d) and (f) of the Income Tax Act, all income of clubs and associations and other similar institutions including<br />
management corporations, other than gross receipts on revenue account to which the 50% rule applies, shall be subjected<br />
to tax, i.e. other sources of income, such as dividends, interest and rents are to be assessed as separate sources under their<br />
respective Sections under the Income Tax Act. In 2006, provision for current tax payable charged against the Development<br />
Fund and income and expenditure account respectively, have been made for total interest received of $648,990.<br />
In 2005, there was no provision for current tax payable for the financial year as the amounts claimed for donations exceeded<br />
the total interest received of $390,771.
Notes to the financial statements<br />
14 Development Fund<br />
PG<br />
81<br />
<strong>NUSS</strong><br />
ANNUAl RepoRt 2006<br />
2006 2005<br />
$ $<br />
Transfer (to)/from Development Fund:<br />
Net members’ entrance fee (Note 10) (1,091,632) (526,420)<br />
Payment to NUS as part of pledge – 156,929<br />
Interest income from fixed and term deposits (501,621) (330,635)<br />
(1,593,253) (700,126)<br />
Transfer from Development fund<br />
Kent Ridge Guild House Redevelopment costs 2,262,693<br />
Current taxation 58,800 –<br />
Overprovision of current taxation in respect of prior years – (5,822)<br />
2,321,493 (5,822)<br />
Transfer from/(to) Accumulated Fund 728,240 (705,948)<br />
15 Fixed Assets Fund<br />
2006 2005<br />
$ $<br />
Transfer from Fixed Assets Fund:<br />
Depreciation of property and equipment – 1,266,811<br />
Transfer* 7,956,562 –<br />
7,956,562 1,266,811<br />
*In 2006, the Management Committee transferred the brought forward amount of $7,956,562 to the Accumulated Fund.<br />
16 Operating leases<br />
At the balance sheet date, the Society was committed to making the following lease rental payments for property and office<br />
equipment under non-cancellable operating leases as follows:<br />
2006 2005<br />
$ $<br />
Not later than one year 542,976 538,200<br />
Later than one year and not later than five years 1,073,400 1,598,698<br />
Later than five years – –<br />
1,616,376 2,136,898<br />
The lease on the property expires in December 2009 with monthly rental payable of $44,115. The leases on the office<br />
equipment expire in January 2008, October 2009 and October 2010 with monthly rental payable of $285, $360 and $488<br />
respectively.
<strong>NUSS</strong><br />
ANNUAl RepoRt 2006<br />
PG<br />
82<br />
Notes to the financial statements<br />
17 Future capital expenditure and commitments<br />
Capital expenditure not provided for in the financial statements but approved:<br />
2006 2005<br />
$ $<br />
Development of new Alumni Complex in consideration of NUS<br />
granting to Society an extension of the current lease for a further<br />
period of 30 years approved in GM dated 21 July 2003 5,000,000 5,000,000<br />
Payment to NUS to-date (307,174) (307,174)<br />
4,692,826 4,692,826<br />
2006 2005<br />
$ $<br />
Capital expenditure for IT systems<br />
approved in GM dated 12 October 2004 600,000 600,000<br />
Capital expenditure to-date (447,997) (258,504)<br />
152,003 341,496<br />
Phase 1 upgrade of KRGH with new facilities to<br />
complement the new Alumni Complex approved<br />
in GM dated 21 July 2003 15,000,000 15,000,000<br />
Capital expenditure to-date (2,262,693) (212,537)<br />
12,737,307 14,787,463<br />
Capital expenditure for KRGH:<br />
- Phase 2 expansion of the KRGH Redevelopment of<br />
a sum not exceeding; and 15,000,000 15,000,000<br />
- a contingency sum for the Phase 1 (previously approved in GM dated<br />
21 July 2003) of the KRGH Redevelopment of a sum not exceeding 2,000,000 2,000,000<br />
approved in GM dated 9 November 2005<br />
Capital expenditure for the purpose of setting up a guild house<br />
at Bukit Timah Campus of a sum not exceeding approved<br />
in GM dated 9 November 2005 2,000,000 2,000,000
Notes to the financial statements<br />
18 Financial risk management objectives and policies<br />
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ANNUAl RepoRt 2006<br />
The main risks arising from the Society’s financial instruments are credit risk, interest rate risk, foreign currency risk and<br />
liquidity risk. The Society does not use derivative and other instruments in its risk management activities. The Society does<br />
not hold, use or issue derivative financial instruments for trading purposes. The Management Committee reviews and<br />
agrees policies for managing each of these risks and these risks are summarised below:<br />
Credit risk<br />
The carrying amount due from members, other receivables, fixed/term deposits and bank balances represents the Society’s<br />
maximum exposure to credit risk. The Society has no significant concentrations of credit risk. Cash is held with established<br />
and reputable financial institutions.<br />
Cash flow and fair value interest rate risk<br />
The Society’s exposure to market risk for changes in interest rates relates primarily to the Society’s fixed/ term deposits and<br />
bank balances. The Society’s policy is to place surplus funds in fixed/term deposits at favourable interest rates with financial<br />
institutions in Singapore.<br />
Foreign currency risk<br />
The Society’s operational activities are carried out in Singapore Dollars, which is the functional currency. All transactions<br />
are paid for in local currency. There is no exposure to any risk arising from movements in foreign currencies exchange rates<br />
as the company has no transactions in foreign currency.<br />
Liquidity risk<br />
The Society’s liquidity risk is minimal as it maintains sufficient funds to meet its committed liabilities.<br />
19 Financial instruments<br />
Fair value<br />
The carrying amount of financial assets and financial liabilities with a maturity of less than one year approximate their fair<br />
values.<br />
The Society does not anticipate that the carrying amounts recorded at balance sheet date for financial assets with a maturity<br />
of more than one year to be significantly different from the values that would eventually be received.
<strong>NUSS</strong><br />
ANNUAl RepoRt 2006<br />
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Five-Year<br />
Financial Performance<br />
INCOME<br />
2002 2003 2004 2005 2006<br />
$ $ $ $ $<br />
Food and beverage 6,281,633 5,510,687 6,130,913 6,463,880 6,424,128<br />
Subscriptions 5,434,921 6,042,988 6,249,316 6,219,859 6,096,958<br />
Net members’ entrance fee 842,212 640,215 1,033,881 526,420 1,091,632<br />
Fruit machines 2,328,293 2,291,698 2,476,640 2,447,154 2,773,618<br />
Other income 828,899 584,707 680,029 880,133 1,109,398<br />
TOTAL INCOME 15,715,958 15,070,295 16,570,779 16,537,446 17,495,734<br />
EXPENDITURE<br />
Food and beverage 6,423,173 5,872,761 6,735,823 7,318,836 6,929,120<br />
Club activities 590,035 610,892 959,661 772,836 591,973<br />
Club rental 1,711,638 1,794,380 664,488 662,416 661,380<br />
Depreciation and Assets Write offs 1,489,537 3,620,970 1,705,837 1,595,215 2,244,910<br />
Staff salaries 2,823,453 2,926,552 2,772,915 2,987,244 3,218,228<br />
Repairs and maintenance 838,973 891,329 790,806 714,404 438,004<br />
Utilities 819,329 756,429 667,197 733,539 732,843<br />
Others 1,291,485 1,503,096 1,959,054 1,750,968 1,392,768<br />
TOTAL EXPENDITURE 15,987,623 17,976,409 16,255,781 16,535,458 16,209,226<br />
(Less) / add Income Tax (57,784) (721) (37,447) 7,278 (126,241)<br />
NET SURPLUS / (DEFICIT)<br />
AFTER INCOME TAX (329,449) (2,906,835) 277,551 9,266 1,160,267
<strong>NUSS</strong><br />
Over the years<br />
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2006 President S R Nathan launches <strong>NUSS</strong>’ 50 th Anniversary Commemorative book, True Passion: 50 Years and On on 16 January. NUS-<strong>NUSS</strong><br />
Centennial Golf Challenge establishes a Guinness World Record for the most number of golfers teeing off simultaneously at a one-day event<br />
on 19 February. Dr Tony Tan officiates the Groundbreaking Ceremony for the Alumni Complex on 8 May 2006. <strong>NUSS</strong> completes Strategic<br />
Planning Exercise.<br />
2005 Prime Minister Lee Hsien Loong delivers the <strong>NUSS</strong> Lecture on 19 March. <strong>NUSS</strong> donates $100,000 to establish a $200,000 <strong>NUSS</strong> bursary fund<br />
for NUS High School.<br />
2004 <strong>NUSS</strong> celebrates its 50 th Anniversary. Pledges $20 million to the Alumni Complex. Prime Minister Goh Chok Tong officiates the opening of<br />
Suntec City Guild House on 6 March.<br />
2003 Closure of Orchard Guild House on 10 December. Soft launch of Suntec City Guild House on 15 December.<br />
2001 <strong>NUSS</strong> completes Strategic Planning Exercise.<br />
2000 Prime Minister Goh Chok Tong delivers the <strong>NUSS</strong> Millennium Lecture on 4 November. Upgrading of Kent Ridge Guild House basement level.<br />
1998 Official opening of Orchard Guild House in November.<br />
1997 Opening of Orchard Guild House at Level 8, Cineleisure Orchard in December. Closure of City Guild House at Amara Hotel.<br />
1995 <strong>NUSS</strong> pledges $1.5million to the Universities Endowment Fund to establish the <strong>NUSS</strong> Professorship to NUS.<br />
1994 Expansion and upgrading of Kent Ridge Guild House.<br />
1992 HE Mr Ali Alatas, Indonesia’s Minister for Foreign Affairs delivers the <strong>NUSS</strong> Lecture on 28 October.<br />
1991 <strong>NUSS</strong> completes Strategic Planning Exercise. BG (Res) George Yeo, Acting Minister for Information and the Arts and Senior Minister of State<br />
for Foreign Affairs delivers the inaugural <strong>NUSS</strong> Lecture on 21 June. Promotes the establishment of Singapore’s first Western opera company,<br />
Lyric Theatre (Singapore) Limited.<br />
1989 <strong>NUSS</strong> pledges $1.6million to the University of Singapore Student Loan Fund, donating $200,000 a year.<br />
1987 Adam Park Guild House opens in March, followed by City Guild House in October.<br />
1984 Kent Ridge Guild House opens, built on land provided by NUS.<br />
1981 USS becomes the National University of Singapore Society (<strong>NUSS</strong>).<br />
1980 Evans Road Guild House burns down. University of Singapore and Nanyang University merges to form the National University of Singapore<br />
(NUS). No longer a Guild of Graduates and representatives are no longer elected to be on the University council.<br />
1978 Joint Campus set up at Bukit Timah to promote closer ties between the two Universities.<br />
1971 USS moves to its second Guild House at 15 Evans Road.<br />
1969 University of Singapore secures site at Kent Ridge for its new campus.<br />
1968 USS launches Commentary to ‘serve as a forum for interesting views on contemporary issues’ and to make up for a ‘lack of suitable media’.<br />
1967 USS launches Student Loan Fund.<br />
1964 USS moves into 5 Dalvey Estate – the first Guild House.<br />
1962 University of Malaya splits. University of Singapore opens. UMS becomes the University of Singapore Society (USS). The Graduate was<br />
published.<br />
1960 UMS operates from ground floor of 7 Cluny Road, premises provided by the University.<br />
1958 UMS operates from a room in the Cultural Centre at Canning Rise.<br />
University of Malaya operates campuses in Singapore and Kuala Lumpur.<br />
1956 Nanyang University opens.<br />
1954 Inaugural meeting of the University of Malaya Society (UMS) held at Oei Tiong Ham Hall, Bukit Timah Campus on 1 July. Present: 44 members.<br />
1950 University of Malaya awards its first degrees.<br />
1949 University of Malaya opens and continues the practice of having representatives of graduates on the Council. The representatives are elected<br />
by the Guild Graduates.<br />
1948 Raffles College Ordinance amended to allow two representatives of graduates on the College Council. The Carr-Saunders Commission<br />
recommends the amalgamation of Raffles College and the College of Medicine to establish the University of Malaya.<br />
1947 The Carr-Saunders Commission on tertiary education comes to Singapore and Malaya. Stamford Club work overtime to argue for full<br />
university status.<br />
1946 Raffles College and King Edward VII College of Medicine re-opens.<br />
1942 Raffles College and King Edward VII College of Medicine closes during the Japanese Occupation.<br />
1936 Inaugural meeting of the Stamford Club, Singapore held at Victoria School. Membership: 30. Stamford Clubs are formed in Malaya as well, at<br />
this time.<br />
1935 Raffles College graduates in Singapore appoint convenors.<br />
1931 The first 28 Raffles College students graduate with Arts or Science diplomas. Eleven of them get together in Singapore and decide to meet regularly.<br />
1929 Raffles College’s official opening.<br />
1928 Raffles College opens.<br />
1921 The Medical School expands and becomes King Edward VII College of Medicine.<br />
1912 The institution’s name is changed to King Edward VII Medical School.<br />
1910 The first seven students graduate with the Licentiate in Medicine and Surgery.<br />
1905 Straits Settlements and Federal Malay States Government Medical School opens.
the national university of singapore society<br />
Kent riDge guilD house<br />
9 Kent ridge Drive<br />
singapore 119241<br />
tel: 6779 1811<br />
suntec city guilD house<br />
3 temasek Boulevard<br />
#05-001 suntec city Mall<br />
singapore 038983<br />
tel: 6887 3801<br />
aDaM parK guilD house<br />
7 adam park<br />
singapore 289926<br />
tel: 6467 4711<br />
email secretariat@nuss.org.sg<br />
visit us at www.nuss.org.sg