Governance

Audit Committee

The Audit Committee reviews and assesses the adequacy and effectiveness of the system of internal controls, including financial, operational and compliance controls, and risk management policies and procedures. It also supervises and evaluates the effectiveness of the internal audit function. The Committee also reviews the integrity of the financial reporting process and other related disclosures for GIC companies, significant ethics violations, impact of changes in the regulatory and legal environment, and issues of fraud and financial losses.

Chairman

Director, GIC Board
Chairman, GIC Audit Committee
Member, GIC Human Resource & Organization Committee

 

Chew Choon Seng chairs the GIC Audit Committee and is a member of the Human Resource and Organization Committee. He was the CEO of Singapore Airlines from 2003 till his retirement in 2010, and a Governor of the International Air Transport Association from 2003 to 2010 and its Chairman in 2006 to 2007. He was a board director of the Singapore Exchange from 2004 and its Chairman from 2011 to 2016, and Chairman of the Singapore Tourism Board from 2011 to 2016. In 2017, he was appointed Chairman of the Council assigned to review Singapore’s Code of Corporate Governance.

 

Mr Chew graduated with a Bachelor of Mechanical Engineering (First Class Honours) from the University of Singapore. He also has an MSc in Operations Research and Management Studies from the Imperial College of Science and Technology, University of London.

Chew Choon Seng
Former Chairman
Singapore Exchange Ltd

Members

Director, GIC Board
Member, GIC Risk Committee
Member, GIC Audit Committee

 

Loh Boon Chye is the CEO of Singapore Exchange. He sits on the GIC Risk and Audit Committees. He has close to 30 years of experience in the financial industry and has played a key role in the development of Southeast Asia’s capital markets. Prior to SGX, he was Deputy President for Asia Pacific, Head of Asia Pacific Global Markets, and Country Executive for Singapore and Southeast Asia at Bank of America Merrill Lynch. He spent 17 years in Deutsche Bank where his last role was the Head of Corporate and Investment Banking for Asia Pacific. He started his career with the Monetary Authority of Singapore and Morgan Guaranty Trust Co. of New York.

 

Mr Loh holds a Bachelor of Engineering degree from the National University of Singapore.

Loh Boon Chye
Chief Executive Officer
Singapore Exchange Ltd

Director, GIC Board
Member, GIC Audit Commitee
Member, GIC Human Resource & Organization Committee

 

Gautam Banerjee is a Senior Managing Director and Chairman of Blackstone Singapore. He sits on the GIC Audit as well as the Human Resource and Organization Committees. Before joining Blackstone, Mr Banerjee spent over 30 years with PricewaterhouseCoopers, serving as Executive Chairman of PwC Singapore for nine years until he retired in 2012. He serves on the boards of Singapore Airlines, Singapore Telecommunications Ltd, Piramal Enterprises, and The Indian Hotels Company Limited, and is also the Vice-Chairman of the Singapore Business Federation.

 

Mr Banerjee has a BSc (Honours) in Accounting and Financial Analysis from the University of Warwick. He is a Fellow of the Institute of Chartered Accountants in England and Wales, the Institute of Singapore Chartered Accountants and the Singapore Institute of Directors.

Gautam Banerjee
Senior Managing Director and Chairman
Blackstone Singapore