Appointed by the Minister for Sustainability and the Environment, the NEA Board provides strategic direction and oversight of organisational functions and goals, and steers NEA in fulfilling our vision and mission. In the Financial Year (FY) 2022, the Board comprised 14 members with diverse and extensive experience from both the private and public sectors, with competencies in areas such as sustainability, audit and finance, human resource, legal, industry, and strategic planning.

Led by Chairman Mr Lee Chuan Seng, the Board has set up committees to execute its responsibilities and ensure high standards of corporate governance. Board members serve in these committees according to their expertise and experience, and meet several times a year to examine the risks, challenges and opportunities in their specific areas of governance.

The Audit Committee reviews the annual accounts, audit plans, internal control systems, as well as risk and audit reports, with NEA 's external and internal auditors. In FY2022, the Audit Committee was chaired by Ms Jackie Chew and comprised Ms Sylvia Choo, Mr Puah Kok Keong, Dr Andrew Khoo and Mr Bernard Choo. As of 1 April 2023, the Audit Committee is chaired by Dr Andrew Khoo and comprises Ms Sylvia Choo, Mr Puah Kok Keong and Mr Walter Fernandez.

The Human Resource Committee ensures an objective and fair performance management process in NEA. Chaired by NEA's Chairman, the Human Resource Committee comprises Deputy Chairman Mr Ravinder Singh (till 31 March 2023), Mr Lim Eng Hwee (till 31 March 2023), Mr Zia Zaman, and NEA's Chief Executive Officer (CEO).

The Finance Committee looks into matters related to the investment of surplus funds, cash and working capital management, and fundraising activities. Chaired by Mr Quek Suan Kiat, the Finance Committee comprises Mr Suhaimi Zainul-Abidin, Ms Susan Chong (till 31 March 2023), Ms Janet Young, and NEA's CEO.

Formed on 1 April 2023, the new Risk Committee oversees key risks, the risk management framework, and the measures undertaken to mitigate the key enterprise risks. Chaired by Mr Lim Eng Hwee, the Risk Committee comprises Ms Susan Chong, Ms Fang Eu-Lin and NEA's CEO.

The NEA Board is bound by a Code of Conduct, comprising five key principles:

• Work with the elected Government to serve the people of Singapore, and shape Singapore's future
• Uphold the integrity and reputation of the Public Service
• Ensure there is no conflict of interest between its official duties and personal interests
• Be fair and impartial in carrying out its responsibilities, and not be corrupt or seen to be so
• Exercise prudence in managing public resources

Board members are required to disclose their interests through annual declarations. In the event of any potential conflicts of interest, Board members do not take part in the deliberation of a transaction or project in which they may be directly or indirectly involved.

NEA's senior management led by our CEO, is responsible for implementing the strategic direction of NEA's programmes, and nurturing a high-performance organisation committed to fulfilling NEA's environmental mission and roles. Members of senior management manage the financial, manpower and operational resources of their respective divisions and departments, and work together at committee meetings to guide NEA's continued performance in risk management, innovation and sustainability practices.

Senior management meets regularly to direct and review management and operational policies and activities. It also leads and directs NEA's strategies and transformational efforts. Through strategically themed meetings and projects, the senior management guides NEA in becoming more effective in our dual roles as regulator and champion for the environment. These efforts are aimed at improving how NEA is organised, leveraging technology and utilising resources, thereby enabling better results by working smarter and striving for organisational excellence.

The pay structure for senior management consists of fixed pay and variable pay. While the variable pay component is influenced by economic factors, it is directly linked to the individual's performance achievement. The ratio of variable pay to fixed pay for senior management is relatively higher as this drives performance, which is reviewed and assessed by the Human Resources Executive Committee. The Committee provides an objective and fair performance assessment, and approves the corresponding recommendation of performance bonuses and salary increments.

NEA's accounts are audited annually by external auditors, approved by the Board and published with the Annual & Sustainability Report.

The external auditors are required to declare their state of independence to the Audit Committee prior to their appointment by the Minister for Sustainability and the Environment, in consultation with the Auditor-General. This provides the Board with reasonable assurance that NEA's financial statements are free from material misstatements. The audit is conducted in accordance with the audit plan presented to the Audit Committee, which also approves any significant non-audit services by the external auditors.

Other government agencies serve as external controls to reinforce ethical and responsible conduct within NEA. The Auditor-General's Office and Accountant-General's Department perform scheduled and ad hoc audits, to ensure that NEA continues to adhere to good governance practices.

NEA's Internal Audit Division evaluates the effectiveness of governance, risk management, and control processes within NEA. It provides independent, objective assurance and consulting services to improve NEA 's operations.

Sustainability in NEA is driven by a governance structure, with senior management setting the sustainability direction.

All NEA Directors are appointed as Sustainability Champions to drive sustainability initiatives within their respective divisions. Each division also has an officer appointed as Eco-office Champion to support the Director in implementing the sustainability initiatives for the division.

Eco-office Champions play a crucial role in helping NEA to meet our sustainability goals. Apart from working closely with NEA's Sustainability Office to track and report the resource consumption performance of their premises, the Eco-office Champions also help to identify potential resource conservation measures, such as reducing electricity usage and water consumption.