Annual Report 2013: Leading from Asia

LEADING FROM ASIA 1

LEADINGFROM ASIA

ANNUAL REPORT 2013

NATIONAL UNIVERSITY OF SINGAPORE BUSINESS SCHOOL

NA

TION

AL U

NIV

ERSITY

OF SIN

GA

POR

E BU

SINESS SC

HO

OL

LEAD

ING

FRO

M A

SIA A

NN

UA

L REPO

RT 2013

2 NUS BUSINESS SCHOOL ANNUAL REPORT 2013 LEADING FROM ASIA 01

VISIONTo be the leading business school in Asia, globally recognised for excellence in education and research

MISSIONTo advance knowledge and develop leaders so as to serve business and society

VALUESExcellence We strive to deliver the best in teaching, research and service

Integrity We uphold the highest moral and ethical principles

Innovation We embody curiosity, ingenuity and enterprise

Teamwork We respect and inspire one another in our collective endeavours

Care We serve our community and safeguard the environment

01Vision, Mission, Values

02Dean’s Message

04Year in Review

08Beyond the Classroom

12At the Helm

20Meet the Faculty

22Academic Focus

26Executive Education

28Career Services

30Research to Practice

38Ties that Bind

40Giving Matters

42Newsworthy

CONTENTS

On Cover (left to right):Patrick Meyer (The NUS MBA)President, Social and Recreation Club

Cheryl Ang Liping (The NUS BBA)Director (Publicity & Publications), NUS Students’ Business Club

Ng Wei Jian (The NUS BBA)Vice President (Student Life), NUS Students’ Business Club

Serene Chia (NUS MBA-Peking University Double-Degree MBA)Ex-Co, NUS MBA Alumni Relations Team


DEAN’S MESSAGE

LEADING STRATEGYLEADING FROM ASIAAsia has shown remarkable and resilient growth that continues to power the global economy. In this ‘Asian Century’, NUS Business School has a role to play in the region’s development. It’s our ambition to lead from Asia and to achieve that goal, we are striving to advance knowledge and develop leaders with the capabilities and values the region will require in the coming decades.

LEADING FROM THE HEARTWe relentlessly pursue knowledge for its potential value to society. Our faculty produce widely-cited research with business relevance and evidence of the School’s intellectual intensity can be seen in the faculty’s passionate participation in the events we stage, whether they be research seminars, discussions or dialogues. Our research centres also attract the attention of both industry and government for successfully bridging academia and practice.

As we strive for excellence in our research, we also seek to enhance the classroom experience. The Teaching Excellence Council, or TEC, was formed in May 2013 to enable the sharing of best practices and ideas among faculty members, while at the same time promoting an ethos of devotion and care in teaching. Among the initiatives introduced is a faculty mentorship programme with in-depth class visits to enable the sharing and exchange of teaching methods, plus teaching workshops.

We are also trying to instil a sense of passion in our students. While a degree from NUS Business School is a coveted qualification, we want our graduates to aspire to more than just high-paying jobs. We want them to develop strong analytical and executive skills, practise quality judgment and be effective leaders who will help steer Asia’s future.

To this end, and as part of our mission to build links with industry, we invite highly-respected business leaders to come to the School to interact with the students in forums such as lectures or dialogue sessions. In doing so, our students are able to appreciate that, even when presented with a moral dilemma, leaders have to make hard choices that reflect their conscience.

In addition, at both undergraduate and graduate level, students work closely with local and multinational companies on management practicums or field study projects which enable our students to bridge the gap between academic learning and real-world practice, and allow them to contribute to business and industry even before they leave with a degree.

In short, we want to build a community with strong, shared values, a community that cares. For this to be a reality, we are actively building an inclusive environment in which everyone – from faculty to staff to students – has a role to play. In August 2012, we formed the Branding and Development Council to drive the process of integrating the School’s core values in our day-to-day organisational culture. Apart from organising interactive townhalls as an open platform for faculty and staff to share ideas and concerns, the BDC acts as the crucial bridge between faculty, staff and the deanery.

This, to me, is what the spirit of NUS Business School is all about and it is embodied in our core values of excellence, integrity, innovation, teamwork and care.

LEADING TO GREATER GOOD‘Leading from Asia’ defines what we do, how we do it and why we do it. We are proud to be ranked among the best, both in the region and globally. But looking back on the past year, what really counted above and beyond our pursuit of excellence is how we had come together as a community that shared a common vision of wanting to make a difference. In the spirit that enables us to lead from Asia, we look ahead to generating relevant business solutions that will positively impact the world.

Sincerely

Bernard YeungDean & Stephen Riady Distinguished Professor


u Scan QR code for video on our Core Values

http://youtu.be/_WxjEAgE6ZU


YEAR IN REVIEW

BLAZING A TRAILIt has been an exciting year for the School with significant milestones that continue to affirm our leadership position as one of the best business schools in Asia. We have initiated many ‘firsts’ with new programmes and industry collaborations, and hosted world-renowned speakers and leaders. We could go on, but we’ll let the figures tell the story.

We believe that everything big starts small. A good idea that takes root can grow into something phenomenal. The School’s efforts in hosting key events over the past few years have significantly raised its profile and drawn increasing participation locally and internationally. Here are some of the year’s highlights.

CEREBRATION 2013

Cerebration 2013 in November saw intense competition from over 650 teams comprising some of the most innovative business school students from around the world. Now in its ninth year, the global competition has become one of the world’s leading MBA-level business case challenges attracting wide international interest, including submissions from more than half of the top 50 business schools listed in the Financial Times’ Global MBA Rankings. Team UNCYYM from The University of North Carolina’s Kenan-Flagler Business School took the top prize of $10,000 with its productivity-enhancing proposal on personal mobility.

COMMENCEMENT 2013As the class of 2013 marked a new milestone in their academic journey, it was clear that the lessons closest to their hearts went beyond classroom learning.

The fifth Wee Cho Yaw Finance and Banking Forum was held in Shanghai at the end of July, attended by some 300 NUS alumni and participants from the finance industry. Organised by the Centre for Asset Management Research and Investments (CAMRI), the session explored the challenges and opportunities faced by China’s asset management industry. Discussions moderated by CAMRI Director Professor Joseph Cherian centred around the exponential growth of this sector and its implications for asset managers and investors in Asia, particularly in Singapore and China.

300PARTICIPANTS

“ What I really found fascinating about the programme was the peer-level interaction with classmates coming from different countries, the exchange of ideas and understanding of current management challenges and how to best overcome them.”

Nikhil Aggarwal, UCLA – NUS Executive MBA

“ These few years really opened my eyes to many new things. I got to travel a lot, meet many people, experience different cultures and that really directed me towards what I want to do in my career.”

Han Yi Chou, Valedictorian, The NUS BBA

“ We are honoured to be able to host the best minds from business schools around the world and give them a platform to develop solutions to some of the issues facing businesses, society and emerging economies today.”

Alejandro Uribe, NUS MBA candidate and Team Lead, NUS Cerebration 2013 organising team.

$20,000 IN PRIZE MONEY

652 TOTAL NUMBER OF TEAMS

1796 MBA STUDENTS

302 BUSINESS PLAN SUBMISSIONS

117 28 SCHOOLS SCHOOLS FROM THE FT TOP 50

24 COUNTRIES REPRESENTED, INCLUDING UNITED STATES, NICARAGUA, TURKEY, INDIA, CHINA AND SPAIN

“ Today a new journey starts where we can use all that we’ve learnt during our study here. So I am very happy, very proud to be here today.”

Jose Paul Matthew, Valedictorian, The NUS MBA

FORMATION OF ABFERThe School hosted the inaugural conference of the Asian Bureau of Finance and Economic Research (ABFER) in May 2013. ABFER is an initiative backed by prominent academics in North America, Europe and the Asia-Pacific region, including leading professors from NUS, INSEAD, Chicago, NTU and SMU. Its aim is to promote research into finance and economic issues relevant to Asia and provide an intellectual boost to the local financial sector. Dean Bernard Yeung of NUS Business School and Dean Ilian Mihov of INSEAD are, respectively, the President and Vice President of ABFER; Randall Morck, our James Riady Distinguished Visiting Professor is also a Vice President. NUS President Tan Chorh Chuan chairs the body’s Advisory Council comprised of prominent public sector leaders, a CEO and a Nobel laureate. ABFER will host the conference in May 2014 and also stage an Asian Monetary Policy Forum that month.

LARGEST ECONOMIC RESEARCH

ORGANISATIONIN ASIA

u Scan for video

u For video on NUS Cerebration

u For video on Commencement 2013

WEE CHO YAW FORUM 2013

http://youtu.be/1auyz00O1hw

http://youtu.be/RZBYXl3-9fo

http://youtu.be/3Z7c37hUzks


35 IN FIRST INTAKE

$1b POTENTIAL VALUE-ADD TO SINGAPORE’S ECONOMY BY 2017

2,500 MULTI-DISCIPLINARY DATA ANALYTICS PROFESSIONALS BY 2017

OVER

2.9m ‘BIG DATA’ VACANCIES TO BE FILLED IN 2015

1st IN SINGAPORE TO INTEGRATE TRAINING IN DEEP BUSINESS STRATEGY THINKING AND DATA ANALYTICS TECHNOLOGIES

1000 SIGN-UPS

FORMER PRIME MINISTER VISITSEmeritus Senior Minister (ESM) Goh Chok Tong visited the School on November 22. Mr Goh was briefed by Dean Bernard Yeung and members of the Asia Centre for Social Entrepreneurship and Philanthropy (ACSEP) on ACSEP’s development and research work. Also at the meeting were Paul Cheung, Professor of Social Policy and Analytics at NUS; Ivan Png, Lim Kim San Professor of Strategy & Policy; and Associate Dean Tay Kuan Ming.

New records were set in January at the third annual Bizad Charity Run organised by the NUS Business School Alumni Association and GANO, and supported by Bizad Club, MBA Alumni-NUS and the Mandarin Alumni Association. We set out to raise $100,000 and ended the day with a record collection that surpassed the previous year’s amount by 250%! We even broke event records for the number of participants. The year of firsts also saw the first ever competitive 10km race around NUS, in addition to the 5km fun run and a 3km special run for the wheelchair-bound.

DEAN BERNARD YEUNG WINS IRWIN OUTSTANDING EDUCATOR AWARD Dean and Stephen Riady Professor Bernard Yeung won the prestigious Irwin Outstanding Educator Award, becoming the first person from an Asian institution in the 26-year history of the award to receive the honour. Seen as an illustrious accolade in business

education, it is conferred by the Business Policy and Strategy (BPS) Division of the Academy of Management in the US. The award honours each year an eminent strategy scholar who has established a longstanding commitment to, and expertise in, imparting strategic management knowledge or educating others about strategic management.

Reflecting on this, Professor Yeung says: “I feel very humbled and honoured, but I also feel I was very lucky to have all these people to work with – my former supervisors, my peers, my students”.

According to IT research company Gartner, 4.4 million jobs will be created globally by 2015 to support ‘Big Data’ but only a third of the jobs will be filled. To meet this demand, NUS and IBM jointly established the NUS Business Analytics Centre with support from the Singapore Economic Development Board (EDB) to help students and mid-career professionals gain the latest skills in business analytics and prepare them for high value jobs in the future. The Centre’s new one-year Master of Science degree programme in Business Analytics (NUS MSBA) was launched in August. Under the collaboration, NUS Business School and the School of Computing will work together to develop the academic curriculum and provide teaching support, while IBM provides industry expertise and access to analytics technology and solutions.

For the full list of rankings, turn to page 42.

FORMER CAPITALAND CHIEF LIEW MUN LEONG JOINS NUSFounding President and CEO of CapitaLand Group, Liew Mun Leong, was appointed in April as Provost’s Chair Professor (Practice) in both NUS Business School and the Faculty of Engineering. Professor Liew is no stranger to accolades, having been previously named ‘Asia’s Best Executive’ and ‘Best CEO in Singapore’. In his new role, he shares lessons in management and leadership with

undergraduate and postgraduate classes, and works with faculty on research and the development of business case studies.

As the School continues to attract top calibre educators, collaborators and students, we know we are doing our job well. If we happen to make history, it’s a bonus.

Educational Background

Industries Represented

Age Distrubution

#1 may be just a number but it says a lot about what we are doing right.1stWINNER FROM

AN ASIAN INSTITUTE

“ (Mun Leong) is one of Asia’s most prominent business leaders and …. he has helped develop Singapore into a thriving international business centre. I am confident that he will have valuable business insights to share.”

Dean and Stephen Riady Prof Bernard Yeung

CAPITALAND OPERATES IN OVER

20 COUNTRIES AND HIRES MORE THAN

12,000 STAFF

22 YEARS IN THE PUBLIC SERVICE, NOTABLY DEVELOPING CHANGI AIRPORT

20 YEARS LEADING AND DIRECTING PUBLIC-LISTED COMPANIES

28% Information Technology and Telecommunication

26% Banking, Financial and Insurance-related services

8% Government

6% Electronics

5% Manufacturing

27% Others

62% <30

17% 30 > 35

12% 35 > 40

6% 40 > 45

3% More than 45

50% Engineering

25% Business

13% Science / Mathematics

12% Computing / Information System$175,000

RECORD AMOUNT RAISED

10km INAUGURAL RACE AROUND NUS

#1#1#1#1

Business school in Far East Asia (Eduniversal’s 2013 Business Schools Ranking)

University in Asia (Quacquarelli Symonds World University Rankings 2013/2014)

Non-US institution (Princeton Review, Oct 2013)

University in Asia (QS World University Rankings by Subject, 2013)

NUS NUS Business School

BIZAD CHARITY RUN 2013

NUS & IBM ESTABLISH BUSINESS ANALYTICS CENTRE


THE SPEAKERS SERIESPlaying host to these distinguished guests allowed corporate executives, alumni, faculty, staff and students to gain deeper insight into the workings of top minds in leading organisations and also helped to raise the stature of the school in the business community.

Leadership Dialogue

Ambassador Linda Tsao Yang, Chair, Asian Corporate Governance Association, presented her views on challenges in corporate disclosure in Asia.

Wu Xiaobo, a well-known financial author in China, talked about the past and future of Chinese Enterprises.

Samuel Tsien, Group CEO, OCBC Bank, shared his views and experience on helping employees venture abroad.

Leadership InsightsCAMRI organised a public lecture by Nobel Prize-winning economist Robert C. Merton which drew 200 attendees. In his talk, Dr Merton spoke about the vulnerabilities in financial markets that are potentially exposed in a globalised economy.

Mandarin Management Forum 2013: Feng Lun on Leadership Styles in Singapore and ChinaDr Feng Lun, Chairman of Vantone Holdings and Chairman of World Future Foundation, shared with a 300-strong audience his observations of the differences between entrepreneurs in Singapore and China. The forum was organised by NUS Business School Mandarin Alumni, supported by Global Alumni Network Office (GANO), and moderated by Dr Lan Luh Luh, Associate Dean for Executive Education.

Leadership LearningWe believe that learning never stops. These informal lunch sessions with industry leaders help enhance the management capabilities of the School’s leadership and equip them with the skills to manage change and inculcate a culture that supports the School’s vision, mission and core values.

BUSINESS PARTNERSHIPSStrong collaborations with industry leaders, aligned with our strategic growth in Asia, ensure that our curriculum remains relevant in a changing world.

• Development of a joint curriculum with Citi Global Transaction Services (GTS) on Transaction Banking, the first of its kind, where both Citi’s executives and our professors co-lecture the modules.

• Signing of a Memorandum of Understanding (MOU) with a global leader in life insurance to collaborate on various faculty research and student projects.

BEYOND THE CLASSROOM

ENGAGING INDUSTRY Throughout the year, we have played host to the region’s top business leaders. We believe that the best way to get inspired is to learn from those who represent the best in industry.

CORPORATE ENGAGEMENTThe Strategic Management team has made significant strides in engaging the corporate world, having developed more than 30 business partnerships with leading global and regional organisations since 2010. Our collaborations with leading organisations are all-encompassing, ranging from faculty research, case studies, dialogue series, roundtable discussions to student internships, management practicums and graduate hiring.

Michael Zink, Head of ASEAN Countries at Citigroup

Liew Mun Leong, Founding President & CEO of CapitaLand Group

Navtej S. Nandra, President of E*TRADE Financial Corporation

S Dhananbalan of Temasek Holdings

u Watch our talk with Ambassador Linda Tsao Yang

u Michael Zink on the leadership qualities needed in uncertain economic times

u Watch Nobel laureate Robert C. Merton’s public lecture on managing macrofinancial risks

u Watch interview with S Dhanabalan on leadership

u Watch interview with Liew Mun Leong on building people the ‘CapitaLand way’

u Watch talk by Navtej S. Nandra on the outlook for financial markets

u For more on Wu Xiaobo’s talk

http://youtu.be/nDzgU7A39kY

http://bizblogs.nus.edu/outside-in/wuxiaobo/

http://youtu.be/L4TWj4_s42k

http://youtu.be/-JsTMTvoNCs

http://youtu.be/Sw1pcMm8oLk

http://youtu.be/KCJy8EKcUEI

http://youtu.be/LZU13jP6owY


TAKING THE LEAD• Hosting International Conferences • October 2012 GMAC Asia Pacific Conference • March 2013 EFMD International Dean’s Programme • May 2013 Workshop for 25 China University Deans and Associate Deans • May 2013 Inaugural Conference for MAS-supported Asian Bureau of Finance and Economic

Research (ABFER)

• Mentored 13 China Business School faculty since August 2012 as part of the Temasek Foundation-China MBA Schools Dean and Faculty Capacity Building Programme

• Hosted learning and collaborative delegations from over 30 schools from Asia, Europe and the Americas. These include Universiti Perlita Harapan, Nagoya University, Shanghai Jiao Tong University, IESE Business School, ESSEC Business School, Copenhagen Business School, London School of Economics, George Washington University and University of Toronto, among others.

GOING GLOBALThe International Relations office works to enhance the School’s international academic reputation through maintaining its outstanding performance, and hosting and mentoring delegations from schools around the world.

• AACSB and EQUIS accreditations successfully retained for another five years• NUS Business School elected as Partnership in International Management (PIM) Chair for Asia and Asia Pacific Region for

2014-2016

GREATER INTERNATIONAL EXPERIENCENew student exchange agreements with Yale and Indiana (US), Koc (Turkey), Nagoya (Japan), FGV (Brazil), ESSEC (France), University of Ljubljana (Slovenia), BI Norwegian Business School (Norway), LBS (London), Rotterdam School of Management and Erasmus University (The Netherlands).

BBAS ON EXCHANGE INCREASED BY

24% (398 PARTICIPANTS) FROM 2012

MBAS ON EXCHANGE INCREASED BY

54% (86 PARTICIPANTS) FROM 2012


AT THE HELM

RAISING THE BAR

CHAIRMANS Dhanabalan

DEPUTY CHAIRMAN Hsieh Fu Hua

Under the guidance of the Management Advisory Board (MAB), the School has made great strides in boosting its standing in the global league.

Established in July 2009, the MAB comprises senior business leaders and ex-public officials appointed by the NUS President. It provides invaluable inputs into the School’s strategies and advises on the quality, relevance and rigour of the School’s education and programmes. In addition, as an advocate for the School, it assists and promotes the School in building its reputation.


CHAIRMAN S Dhanabalan Honorary Advisor, Temasek Holdings (Pte) Ltd

Member, Council of Presidential Advisors

Member, Presidential Council for Minority Rights

Alumnus, NUS

Euleen Goh Chairman, Board of Governors, Singapore International Foundation

Chairman, Singapore Chinese Girls’ School and Chairperson, Board of Governors, NorthLight School

Non-Executive Director, CapitaLand Limited, DBS Bank Ltd, DBS Group Holdings Ltd and SATS Ltd

Trustee, Singapore Institute of International Affairs Endowment Fund

Hsieh Tsun-Yan Chairman and Lead Counsellor, LinHart Group

Independent Director, Singapore Airlines Ltd, Sony Corp, Bharti Airtel Ltd and Manulife Financial

Governor, Singapore International Foundation

Provost’s Chair Professor of Management, NUS Business School

Adjunct Professor of Leadership, Lee Kuan Yew School of Public Policy

Member, Institute of Policy Studies Academic Panel

DEPUTY CHAIRMAN Hsieh Fu Hua Non-executive Chairman, United Overseas Bank

Chairman, Stewardship & Corporate Governance Centre

President, National Council of Social Service

Independent Non-executive Director, ICAP plc & Tiger Airways

Co-Founder and Adviser, PrimePartners Group of Companies

Deputy Chairman, The National Art Gallery of Singapore

Honorary Chairman, Securities Investors Association (Singapore)

Alumnus, NUS Business School

Dr William Fung Group Chairman, Li & Fung Ltd

Independent Director, Singapore Airlines Ltd

Independent Non-Executive Director, Shui On Land Ltd, Sun Hung Kai Properties Ltd, The Hong Kong and Shanghai Hotels Ltd and VTech Holdings Ltd

Tan Soo Jin Managing Partner, Leadership Consulting, Amrop/Gattie-Tan Soo Jin Management Consultants Pte Ltd

Executive-In-Residence, NUS Business School

Vice Chairman, Governing Council, Singapore Institute of Management

Liew Mun Leong Founding President & CEO, CapitaLand Group (1996 – 2012)

Chairman, Changi Airport Group (Singapore) Pte Ltd, Surbana International Consultants Holdings Pte Ltd, Pavilion Gas Pte Ltd and China Club Investments Pte Ltd

Director, Singapore Exchange Ltd, Singapore China Foundation, Pavilion Energy Pte Ltd, CapitaLand Hope Foundation, Human Capital Leadership Institute

Board Member, Centre for Liveable Cities

Board of Trustees, Chinese Development Assistance Council

Provost’s Chair and Professor (Practice) in the Department of Management and Organisation, NUS Business School and the Department of Engineering & Technology Management, Faculty of Engineering

Alumnus, NUS

MEMBERSMANAGEMENT ADVISORY BOARD


DEANERY

Left to right Assoc Prof Hum Sin Hoon Deputy Dean

Assoc Prof Chng Chee KeongVice-Dean (Undergraduate Studies)

Bernard Yeung Dean and Stephen Riady Professor Assoc Prof Susanna Leong Vice-Dean (Graduate Studies)

Assoc Prof Trichy V. Krishnan Vice-Dean (PhD & Research)

Tay Kuan Ming Associate Dean (Administration)

AT THE HELM

LEADING IN ACTIONA good leader seeks to change things for the better. A great one inspires others to work towards this shared vision. Under the leadership of the Dean and our various heads of departments, the School is focused on nurturing a creative climate and an environment of mutual respect. Together, we work towards producing intelligent, caring, and enterprising business leaders that can benefit business and society.


ACADEMICHEADS

Left to right Assoc Prof Anand Srinivasan Decision Sciences

Prof Lim ChinStrategy & Policy

Assoc Prof Ho Yew Kee Accounting

Prof Teo Chung Piaw Decision Sciences

Prof Richard Arvey Management & Organisation

Assoc Prof Lee Yih Hwai Marketing

ADMINISTRATIVEDIRECTORS

Left to right Joan TayExecutive Director Dean’s Office

Dr Helen ChaiAssistant Dean/ Director BBA Office

Ng Pheck ChooDirector Global Alumni Network Office (GANO)

Simon WooAssoc DirectorIT & AV unit

Liang BoAssoc DirectorDevelopment Office

Wang Wai YeeSenior Assoc DirectorCareer Services

Left to right Lim Yue WenDirectorInternational Relations & GANO

Azmi bin SallehSenior Assoc DirectorFacilities & Operations

Stuart PallisterDirectorCorporate Communications

Phyllis KumFinancial Controller/ Deputy DirectorFinance & Administration

Nigel YeungExecutive DirectorExecutive Education

Not in pictureChua Nan Sze, Marie-AntonieDirectorGraduate Studies

ACADEMICHEADS

Left to right Assoc Prof Anand Srinivasan Finance

Prof Lim ChinStrategy & Policy

Prof Ho Yew Kee Accounting

Prof Teo Chung Piaw Decision Sciences

Prof Richard Arvey Management & Organisation

Assoc Prof Lee Yih Hwai Marketing

CENTRE DIRECTORS

Left to right Assoc Prof Lam Swee SumDirectorASIA CENTRE FOR SOCIALENTREPRENEURSHIP &PHILANTHROPY (ACSEP)

Prof Joseph CherianDirectorCENTRE FOR ASSET MANAGEMENTRESEARCH & INVESTMENTS (CAMRI)

Prof Chang Sea-JinExecutive DirectorCENTRE FOR GOVERNANCE,INSTITUTIONS & ORGANISATIONS (CGIO)

Not in pictureProf Ho Teck HuaDirectorCENTRE FOR BEHAVIOURAL ECONOMICS (CBE)


MEET THE FACULTY

ATTRACTING TOP TALENTOur global approach to teaching and research, complete with state-of-the-art facilities, attracts candidates who are truly world-class.

Research ProductivityTier 1 & Tier 2 publications by our faculty

(in print and accepted)1 Aug 2010 to 31 Jul 2013

Department Tier 1 Tier 2 Total

Accounting 7 6 13

Decision Sciences 28 39 67

Finance 33 8 41

Management & Organisation

41 34 75

Marketing 17 10 27

Strategy and Policy 13 13 26

“ I really enjoyed my stay here for the past five years. I benefited a lot from the PhD courses, the discussions and the interactions with the professors, as well as the other PhD students.”

Cheng Si, Doctor of Philosophy, Class of 2013

“ NUS Business School has a vibrant research atmosphere, strong research culture and a solid infrastructure, including world-class IT facilities, deep financial support, access to global information and databases, and top quality faculty with impressive track records.”

Professor Trichy V.Krishnan (Vice-Dean, Research)

PRACTICE TRACK 12 1

TENURE TRACK 112 7

GRAND TOTAL 152 12

TEACHING TRACK(LECTURER & ABOVE) 30 4

Total as at 5 Dec 2013

New additions since 1 Jan 2013

GLOBAL FACULTY

OUTSTANDING RESEARCHER Associate Professor Sumit Agarwal won the School’s Outstanding Researcher Award. Also a nominee for Outstanding Researcher at university level, Sumit is a well-known expert in finance, particularly the financial issues consumers face. He has been cited widely and produced five Tier-1 papers since joining us two years ago, a feat that puts him on par with the best researchers in the field.

OUTSTANDING EDUCATORSEight of our outstanding educators have won the School’s Teaching Awards, which recognise faculty members for their exceptional commitment to good teaching.

Assoc Prof Kwok Chee Chiu, WinstonDepartment of Accounting

Assoc Prof Chou Cheng-Feng, MabelDepartment of Decision Sciences

Dr Lee Hon Sing Department of Finance Assoc Prof Yeo Wee Yong Department of Finance

Dr Sandy Lim Geok PengDepartment of Management & Organisation

Assoc Prof Ang Swee HoonDepartment of Marketing

Dr Tambyah Siok KuanDepartment of Marketing Assoc Prof Marleen DielemanDepartment of Strategy & Policy

Outstanding Educator Award (School Level) for Academic Year 12/13.

SINGAPOREAN 6 1 21 3 39 0

MALAYSIAN 1 0 1 0 3 1

DUTCH 1 1 2 1

PORTUGUESE 1 0

HONG KONG 3 0

FILIPINO 1 0

IRISH 1 1

FINNISH 1 1

GERMAN 3 0

INDIAN 3 0 4 1

CHINESE 24 1

SOUTH KOREAN 1 0

THAI 1 0 1 0

TAIWANESE 1 0 5 0

MAURITIAN 1 1

AUSTRALIAN 1 0

AMERICAN 1 0 1 0 12 1

CANADIAN 2 0 1 0 7 0


NUS OPEN DAY 2013

The focus on nurturing ‘ACE’ students – Analytical, Caring and Enterprising leaders who serve business and society – drew many prospective students to our booth on Open Day.

Three-time Champions: CBS ICC (Copenhagen Business School, Denmark)

Champions: Belgrade Business International Case Competition (University of Belgrade, Serbia)

Champions: Thammasat Undergraduate Business Challenge 2013 (Thammasat Business School, Thailand)

ACADEMIC FOCUS – UNDERGRADUATE ACHIEVEMENTS

TRAINING THINKERSWe empower our students to think outside the box and aim for the stars. If they succeed at what they do, we consider it job satisfaction.

RAG & FLAG 2013 Bizaders did the School proud by coming top in the most unique float design and Rag performance. They also won the NUS President’s Challenge Shield for their record flag collection of $110,000 in the annual NUSSU Rag Day. This marked the third consecutive year Bizad has emerged Champion in the flag category since 2011.

BUSINESS CASE COMPETITIONS: KEY WINS IN 2013 Our students’ success is our success and their outstanding performances certainly gave a boost to our School brand internationally.

GEORGE YEO SPEAKS TO BBA STUDENTS The former Minister of Foreign Affairs and Member of Parliament spoke at our bi-annual event for Dean’s List recipients. Drawing from his vast experience, Mr Yeo spoke about the changing social and economic environments particularly in China and South East Asia. He discussed the impact this has on Singapore and also shared personal anecdotes from his time as Foreign Minister and his current role as Vice-Chairman of Kerry Group and CEO of Kerry Logistics.

LEADERSHIP TALK BY LIEW MUN LEONG ON 21 AUGUST In a talk, ‘Your Job Makes You’, Provost’s Chair Professor (Practice) Liew Mun Leong stressed to undergraduates in the Leadership Development Programme the importance of being people-oriented. Liew touched on his personal journey that included 42 years of public and private sector leadership, and expounded on his personal credo of building people. The talk was featured by print and radio media.

14 PERFORMANCES BY NUS FACULTIES AND HALLS OF RESIDENCES

$110,000 COLLECTED FOR CHARITY

16,500VISITORS

u For photos of the event

u Watch how BBA undergraduates work together with the best local SMEs

http://youtu.be/XysDaSeklDg

http://www.flickr.com/photos/nus_business_school/sets/72157633081963405/


Financial Times Jan 2014 - The NUS MBA Ranked

#32 Forbes Oct 2013 - The NUS MBA

#2 for two year International MBA programmes outside USA - (up two spots from previous year)

Financial Times Oct 2013 - Asia Pacific EMBA

Ranked

#17 (up nine spots from previous year)

Financial Times Oct 2013 - UCLA - NUS EMBA

Ranked

#5 (2nd year in a row)

S3 Asia MBA team Cindy Huang Lu, Kim Taewan, Lee Jun Xian, Terence Chong and Jason Zheng Jinzhen• Mai Bangkok Business Challenge

Best Business Plan, Best Presentation, and Sasin Alumni Association Most Favourite awards

• Thammasat Business School’s Asia Venture Challenge Divisional Runner-up and Best Written Plan

NUS MBA candidate Christian Halberg and his team of three undergraduates from the Engineering Faculty• 2013 GlobalTiC Talentpreneur Award & Forum, Taiwan

First prize in the Biotechnology Category & Best Exhibition title

• UC Berkeley’s Intel Global Challenge Best Team of Young Entrepreneurs award and cash prize of US$5,000

NUS MBA team Naveen K R, Alfred Emmanuel Awe and Dennis Chu• 4th NUS Asian MBA Stock Pitch Competition

Runner-up

President of NUS MBA Student Council 2013 Aditya Kaul (Class of 2014)• 30th Graduate Business Forum, Hyderabad, India

Elected Chairman of the President’s Network

Class of 2013, Varun Mittal• 30th Graduate Business Forum, Hyderabad, India

Nominated Vice President (Technology and Public Relations)

27 PROJECTS SOURCED FOR SEMESTER 1

28 PROJECTS FOR SEMESTER 2

MANAGEMENT PRACTICUM Aiming to provide a well-rounded programme for students, the Management Practicum was introduced this year as a compulsory graduation requirement for full-time MBA candidates. The extensive consultancy project allows our MBA students to utilise management skills, and apply concepts and theories acquired in the classroom to real‐life business dilemmas. A total of 55 projects with 35 companies were sourced. From 2014, the practicum will be a compulsory requirement for graduation for both full-time and part-time MBA candidates.

LATEST GLOBAL MBA & EXECUTIVE MBA RANKINGS

TRULY INTERNATIONAL EMBAsGeographic distribution of students from the UCLA – NUS Executive MBA and the Asia Pacific Executive MBA (English) programmes.

ACADEMIC FOCUS – GRADUATE NEWS

TRANSFORMING LIVESEmployers choose our graduates not just because we rank among the best in Asia, but because we continually strive for excellence.

GRADUATE STUDIES INTAKE - THE NUS MBA (2013)

MANAGEMENT COMMUNICATIONS BOOTCAMPCreative and proactive approaches to business challenges were on full display during the very first bootcamp conducted during The NUS MBA Orientation 2013. This non-credit graduating requirement for the new cohort comprises eight concurrent sections taught by successful business veterans, including Hsieh Tsun-yan, former McKinsey Managing Director (Canada) and the School’s Provost Chair Professor (Practice) of Management and Management Advisory Board member.

SINGAPORE (26)

INDONESIA (6) JAPAN (3)

ITALY (2)

FRANCE (2)

DENMARK (2)

KENYA (1)GERMANY (1) THE NETHERLANDS (1)

IRELAND (1)CANADA (1)

GEORGIA (1)

CHINA (1)

SPAIN (1)

CHILE (1)TAIWAN (1)BRAZIL (1)

UK (1)AUSTRALIA (3)

MALAYSIA (3)

UNITED STATES (9)INDIA (12)

STUDENT TRIPSIndia – Delhi & Mumbai TaiwanSpain – Barcelona & Madrid IndonesiaChina – Beijing & Shanghai Myanmar

TOTAL: 91 Students

STUDENT EXCHANGE (FOR 2013)79 Outgoing 70 Incoming

Distribution of nationalities for full-time and part-time MBAs

Brazil

Canada

China

France

Germany

India

Indonesia

Japan

0

1

14

0

1

19

5

6

1

0

8

1

0

7

2

0

Malaysia

Myanmar

New Zealand

Pakistan

Philippines

Singapore

South Korea

Sri Lanka

0

0

1

1

1

8

4

2

2

1

0

0

1

25

1

0

Switzerland

Taiwan

Thailand

UK

US

Vietnam

Total

1

4

0

1

1

1

71

0

1

1

0

1

1

53

MBA STUDENT ACHIEVEMENTSWe are proud of our NUS MBA students who show why they are among the best in Asia.

2013 672 / 637 5.3 YEARS / 7.1 YEARS

GMAT SCORE (FULL TIME / PART TIME) WORK EXPERIENCE (FULL TIME / PART TIME)

GRADUATE STUDIES INTAKE - EXECUTIVE MBAs (2013)Average number of years of work experience

17APEX-E 18.2 APEX-C 13.5 UCLA – NUS EMBA

37 45 43APEX-ENGLISH APEX-CHINESE UCLA - NUS EMBA

2013

u For video on Management Communications Bootcamp

http://youtu.be/3Q2rMlbUTZ0


Geographical breakdown of Open Enrolment Programmes (English) (2010 - 2013)

Number of Participants 2013 2012 % Change

Open Enrolment Programmes – English 607 482 + 26Company Specific Programmes – English 2,060 1,619 + 27Open Enrolment Programmes – Mandarin 102 64 + 59Company Specific Programmes – Mandarin 1,152 998 + 15

46%

SINGAPORE

1%

EUROPE

23%

SOUTHEAST ASIA, EXCLUDING SINGAPORE

2%

AFRICA

5%

MIDDLE EAST

2%

OCEANIA

10%

EAST ASIA

10%

SOUTH ASIA

2%

THE AMERICAS

Business leaders understand the need to anticipate change and be prepared for new challenges. The astute ones turn to our executive education and business development programmes.

EXECUTIVE EDUCATION

INSPIRING LEADERS

“ The NUS Advanced Management Programme is a ‘must-attend’ for current and future senior leaders.”

Sanjay Gattani, Singapore Chief Financial Officer, Tata NYK Shipping

“ Truly global standards with Asian perspectives. Highly recommended.”

Daniel Wanma, Papua New Guinea Chief Operating Officer, Air Niugini

“ It was a very enriching experience for me, exchanging many ideas and thoughts with participants from different backgrounds in a very collaborative class.”

Reiko Ogata, Japan Chief Consultant, Dentsu, Inc.

“ All the case studies, simulations, exercises and classes were relevant to what we are currently doing. I would highly recommend the course to anyone at the senior level who wants to upgrade their business knowledge.”

Ooi Suan Kim, Malaysia Principal, OS Kim & Associates

4,044

EXECUTIVE PARTICIPANTS

27% INCREASE FROM LAST YEAR

Note: Figures have been rounded up.


97% 100%

We are a critical touch point between our students and corporate recruiters. We actively facilitate recruitment of our students by global banks, MNCs and other organisations from across industries, and also make available to them career-related seminars and workshops. This ensures our undergraduate and graduates are fully-equipped to attain their aspirations, whatever they might be.

* BBA (ACCOUNTING)

CAREER SERVICES

MARKETING A VALUED BRAND

MBA BBA BBA (ACC)*

HIGH INTERNSHIP PARTICIPATION

92%

MBA

92.6%

BBA (HONS)

96.2%

BBA (ACC)* HONS

GRADUATE EMPLOYMENT

34%

FINANCIAL

SERVICES

63%

ACCOUNTING

42%

FINANCE/

ACCOUNTING

4%

ENGINEERING/ MANUFACTURING

11%

GOVT/ NGO/ STAT BOARD/ EDUCATION

22%

TECHNOLOGY

15%

FINANCE

10%

MANUFACTURING/ TECHNOLOGY/ TELECOMMUNICATIONS

2%

HEALTHCARE

6%

CONSUMER PRODUCTS

2%

EDUCATION

5%

ENERGY/

OIL & GAS

4%

ADVERTISING/

MEDIA/ PR, MEDIA

4%

MEDIA/ ENTERTAINMENT/ ADVERTISING

4%

4%

PHARMACEUTICAL/ HEALTHCARE/ BIOTECH

11%

CONSULTING

6%

CONSULTING

8%

MANUFACTURING

5%

TRAVEL/ HOSPITALITY/ F&B/

RETAIL/ MICE

4%

LOGISTICS

3%

TRANSPORT/ LOGISTICS/ AEROSPACE

8%

GOVT/ STAT BOARD

11%

OTHERS

4%

OTHERS

4%

ENERGY/

OIL & GAS

4%

FMCG

183

145

107

100

NETWORKING EVENTSEvery year, our flagship student-recruiter networking events bring together hundreds of graduating students and recruiters, with representatives from global financial institutions, MNCs, local SMEs and start-ups.

MBA EMPLOYMENT BY INDUSTRY

BBA EMPLOYMENT BY INDUSTRY

BBA (ACCOUNTING) EMPLOYMENT BY INDUSTRY

“ Great event! Loads of potential. Good candidate pool to choose from!”

Recruiter from a local marketing consultancy firm

“ Thanks a lot for your help in engaging the recruiters!”

NUS MBA Class of 2014 candidate on Connexions 2013

Relazione 2013, 26 September

Connexions 2013, 9 October

BBA GRADUATING STUDENTS

MBA STUDENTS

RECRUITERS FROM 52 GLOBAL INSTITUTIONS

REPRESENTATIVES FROM 46 COMPANIES

ENGINEERING, SHIPPING, MARINE OFFSHORE, REAL ESTATE

90%


• Philanthropy to Social Entrepreneurship, 25 November Professor Eugene Tempel, Founding Dean, Philanthropy, Public Affairs, and Business, Indiana University (IU)

Professor Tempel discussed the origins of philanthropy and philanthropic trends in the US, including the development of philanthropy to more formal systems, such as social entrepreneurship.

• Stimulate, Sustain, Inspire Change through Good Governance, 27 November

Speakers shared the importance of governance in charities, lessons of good governance practices, and how good governance can be practised and implemented in real life.

• LegaleSE, A Legal Handbook for Social Enterprise, 7 December

ACSEP contributed an introductory chapter to LegaleSE, which was launched by the Law Society of Singapore Pro Bono Services Office to provide legal guidance to help social entrepreneurs in Singapore. The chapter provided a brief overview of the social enterprise landscape in Singapore and around the world.

• 3rd Funders Roundtable, 3 September Led by Professor Paul Brest The 3rd Funders Roundtable (FRT) focused

on the role of information in grant-making. It explored the use of information to create sustainable and effective giving partnerships, and how the process of gathering and sharing information can create a common language that brings greater collaboration and impact.

RESEARCH TO PRACTICE

TRANSFORMING BUSINESSESWe examine how to invest smart, shape behaviour, promote best practices and make the world a better place. Then we do it.

DOING GOOD: ASIA CENTRE FOR SOCIAL ENTREPRENEURSHIP & PHILANTHROPY (ACSEP)

ACSEP bridges the gap between those who want to do good and those in need, via research and education. Besides introducing new modules in our BBA programme, we have also organised community outreach programmes and over 25 conferences and seminars.

New InitiativesOur new MBA module, Measuring and Improving the Impact of Social Enterprises, is taught by Professor Paul Brest, Professor of Law, Emeritus and Former Dean of Stanford Law School.

We have also launched three new BBA Modules: Social Entrepreneurship, Business with a Social Conscience, and Field Service Practicums.

ACSEP Philanthropy Seminar: Innovation or Imitation. Does it matter?On 8 May 2013, ACSEP launched ‘Innovation in Asian Philanthropy’, a major new study drawing on 26 case studies from 10 Asian countries to illustrate the diversity of innovation in Asian philanthropy today.

Field Service and Community OutreachOn 17 May 2013, students from NUS Business School and Lee Kuan Yew School of Public Policy presented highlights of their consulting assignments with socially-driven organisations (SDOs) in Singapore as part of their field service projects (FSP). The FSPs were guided by ACSEP faculty and the research team. The participating organisations were Singapore Association for Mental Health, Society for the Physically Disabled, Tsao Foundation, and World Toilet Organisation. Additionally, in community outreach across Asia, our interns consulted for Singapore Red Cross and Magic Bus, India.

Working Paper Series Two working papers under Entrepreneurial Social Finance series were published:

The Emerging Ecosystem of Entrepreneurial Social Finance in Asia, 2nd Edition by Dr Rob John.

Innovation in Asian Philanthropy by Dr Rob John and Pauline Tan, with Ken Ito.

Charity Governance Awards 2013The Singapore Red Cross and the Young Men’s Christian Association of Singapore (YMCA) were conferred with top honours at this year’s Charity Governance Awards (CGA), attended by 140 guests from 70 organisations. An initiative of the Charity Council, the CGA honour charities that have adopted the highest standards of governance. ACSEP developed the assessment process and criteria, facilitated the judging process and produced feedback reports for the charities.

Special Commendation Awards Winners - The Association of Muslim Professionals (AMP)- The Singapore Indian Development Association

(SINDA)

Conferences & Seminars• PRI-NUS Asia-Pacific Forum: Investing for

sustainable and long-term returns in the Asia-Pacific Region, 20 November

ACSEP jointly organised this forum in partnership with the Principles of Responsible Investment, Institute of Real Estate (IRES), and CFA Society Singapore.

The panel of philanthropists and impact investors included Lee Poh Wah, CEO, Lien Foundation, Singapore; Micaela Ratini, Co-founder, Insitor Fund, Cambodia; Vidya Shah, CEO, EdelGive Foundation, India; Tao Ze, Vice President, China Foundation Center, Beijing. ACSEP Visiting Senior Fellow, Dr Rob John, was the moderator.

EVENT ATTENDEES COMPRISED OF SENIOR MANAGEMENT FROM FOUNDATIONS AND GOVERNMENT AGENCIES

ACSEP Philanthropy Seminar 8 May 2013

Charity Governance Awards

Philanthropy to Social Entrepreneurship

Change through Good Governance


Experiential & Applied Research CAMRI continues to champion best practices in the industry by contributing articles to its Thought Leadership series and weighing in on life-cycle savings and investing in Asia. Research director Associate Professor Sumit Agarwal also started a widely-read Smart Finance research blog on Think Business. The Centre recently launched a web-enabled Real Retirement Life Income Calculator which helps households estimate the monthly contributions required to ensure a level of real income in retirement that will allow for a dignified standard of living.

Impactful Education• CAMRI launched a Live Student Managed Fund in March 2013 supported by a US$2.5m state-of-

the-art investment management and trading lab with 36 Bloomberg & MSCI Barra workstations for students’ and researchers’ use.

• Launched the Student Managed Fund (SMF) e-Resume Book and sponsored 15 students for the CAIA Exams in partnership with the Chartered Alternative Investment Analyst (CAIA) Association. Under the partnership, some of our best students in the SMF programme are awarded exam fee waivers and textbook scholarships. Additionally, we issued the inaugural SMF e-Resume Book of our graduating BBA (Hons) students who have either completed or have taken most of the coursework within the CAMRI SMF Track at NUS Business School. This book, which is sent to various Asset Management associations in Singapore, introduces potential employers to our students.

• Eighty students completed the Bloomberg Assessment Test (BAT) in the CAMRI Lab. Two of our students were inducted into the BAT Asia Pacific Hall of Fame for being among the top performers.

Industry Outreach• Special Private Equity (PE) Course, involving CAMRI Board Member, Veronica

Eng, January 2013 Over 60 attendees comprising MBA students and executives from Temasek,

GIC, SGX, Pavilion etc.

• CAMRI Lunch Forum with Professor Charles M. C. Lee, January 2013 About 30 attendees attended the invitation-only talk with Professor Charles Lee, the Joseph McDonald

Professor of Accounting at the Graduate School of Business, Stanford University.

• The Investments Roundtable A total of 95 academics and senior executives of

investment management firms in Asia attended the roundtable moderated by CAMRI director Professor Joseph Cherian. Issues discussed included understanding and predicting liquid and illiquid markets, investment regulations and policies, and portfolio risk management.

• Asset Owners’ Dialogue (AOD) This industry leadership forum provided a confidential and academically-

moderated environment for asset owners from around the world to discuss the latest applied research, share ideas and brainstorm with leaders from the asset owner community and academia. Discussions explored establishing norms, best practices, and where applicable, proposing policies for the asset management industry. The AOD, which was held in Beijing, also saw the launch of the NUS-Cornell Global CIO Academic Survey.

MANAGING MONEY: CENTRE FOR ASSET MANAGEMENT RESEARCH AND INVESTMENTS (CAMRI) CAMRI is a leading Asian academic centre that provides a platform for experiential and applied research, education and dialogue on asset management and investments. CAMRI has had a busy year bringing together leaders in industry and academia, launching initiatives and creating more hands-on learning opportunities for students.

u For Smart Finance blog

u For NUS Asian MBA Stock Pitch competition 2013

First runners-up from NUS Business School, 4th Annual NUS Asian MBA Stock Pitch Competition, March 2013

Hosted industry panel for Asian Bureau of Finance and Economic Research (ABFER), May 2013

http://thinkbusiness.nus.edu/smart-finance

http://youtu.be/58RStjpE_i4


Talks & Seminars • Incentives and Behaviour Change, 28 May Professor Uri Gneezy, Rady School of Management, University of California, San Diego

Economists often emphasise that incentives matter. Who would want to work if they are not paid? Professor Gneezy got people thinking when he highlighted the effect of monetary incentives in fostering desired behaviour in non-employment contexts such as education, public good and lifestyle change.

• 4th Behavioural Economics Summer Institute Camp, 22 July to 2 August 2013 40 selected local and overseas graduate students and junior faculty in economics,

business, and related disciplines came together to explore the findings and methods of behavioral economics. Professor Vincent Crawford, University of Oxford; Professor David Laibson, Harvard University; and Professor Matthew Rabin, University of California, Berkeley introduced students to the psychological foundations of various economic topics and taught them to apply the concepts to topics such as consumption, savings behaviour, household finance, macroeconomics, and welfare economics.

SHAPING BEHAVIOUR: CENTRE FOR BEHAVIOURAL ECONOMICS (CBE) As the first research centre devoted to behavioural economics in Singapore, the CBE puts theories to the test by collaborating with corporations to design programmes to stimulate positive behavioural change. The Centre also organises talks and activities to introduce its latest findings and stimulate discussion.

Research Collaboration

Health Promotion Board (HPB) Since January 2013 Design of intervention programmes to improve participation rates for breast cancer screening programmes and build models to predict their effectiveness

Workforce Development Agency (WDA) September 2012 to September 2013 Provided incentives to increase participation in training programmes and completion of courses

Ministry of the Environment and Water Resources (MEWR) Since September 2012Help reduce demand for energy consumption

HabitNUS and ChallengeNUS January to May 2013In 2013, the CBE launched two websites to help users create and monitor commitments and challenges:

• ChallengeNUS – Challenge someone else to change. If they succeed, reward them.

• HabitNUS – Challenge yourself to change. If you fail, do good by donating time or money. Approximately 150 participants have used HabitNUS to complete challenges set by CBE as part of a study into the effectiveness of financial and other incentives.


7.9% SINGAPORE 11.6% INDONESIA

8.7% MALAYSIA 15.8% AUSTRALIA

PROMOTING BEST PRACTICES: CENTRE FOR GOVERNANCE, INSTITUTIONS & ORGANISATIONS (CGIO) With a mission to promote governance and best practices for institutions and organisations, CGIO continues to encourage discussion through conferences and seminars, and steer high-quality research in the areas of listed companies, gender diversity and family businesses

Lawrence Loh Isabel Sim Muhammad Ibrahim Vincent Yang Shaozhen

SINGAPORE EXCHANGE

Singapore Board Diversity Report 2013Time for Women to RiseBy Dr Marleen Dieleman, Dr Meijun Qian and Mr Muhammad Ibrahim

A Study of SGX-listed Family Firms

Dr Marleen Dieleman Dr Jungwook Shim Mr Muhammad Ibrahim

ASIAN FAMILY FIRMS

INCREASE IN CORPORATE GOVERNANCE FOR TOP-RANKING COMPANIES

INCREASE IN STANDARDS OF CORPORATE GOVERNANCE AND DISCLOSURE PRACTICES WITH MEAN SCORE OF GTI 38.0 (ITS HIGHEST SINCE INCEPTION)

2013 GOVERNANCE & TRANSPARENCY INDEX (GTI), RELEASED 1 AUGUST

(3RD EDITION, RELEASED 14 NOVEMBER)FEMALE BOARD DIRECTORS

(2ND EDITION, RELEASED 30 MAY)

Annual GTI Report The annual GTI report, a flagship project of CGIO and now a major corporate governance benchmark in Singapore, attracted attention from the media as well as companies. The GTI is based on a study of annual reports issued by Singapore-listed companies and other publicly-available information.

Gender Diversity in Boardroom

CGIO researchers found slow progress in Singapore’s boardroom gender diversity in contrast to regional peers. The study also revealed positive findings for the business case of gender diversity in corporations.

ASIAN FAMILY FIRMS

60.8% OF

692 LISTED FIRMS WERE FAMILY BUSINESSES

EVENT HIGHLIGHTSCGIO organised over 20 conferences and seminars featuring top thought leaders.

Family Business Roundtable: Professionalising The Family Firm, 17 MayJames Riady Distinguished Visiting Professor Randall Morck delivered a keynote presentation on professionalising family firms followed by a panel discussion with practitioners Berndt Brunow, Chairman of Oy Karl Fazer Ab; Navin Amarasuriya, Managing Director of B.P. de Silva; and Govindraj S. Dempo, Founder and CEO of Raj Dempo Ventures. They kept the audience engaged with anecdotes on their personal experiences of managing and growing family businesses.

FAMILY FIRMS OUTPERFORM NON-

FAMILY FIRMS

3.7% VS.

0.9% IN RETURNS ON ASSETS

FAMILY FIRMS ARE HIRING MORE PROFESSIONALS TO WORK ALONGSIDE

FAMILY MEMBERS IN TOP POSITIONS

Launch of Singapore Gender Diversity 2013 Report

Seminar and Book Launch: Government in Business - Friend or Foe? by Lim Hwee Hua, 30 OctoberFormer Singapore Second Minister for Finance and Transport Lim Hwee Hua and fellow panellists, consisting of Liew Mun Leong, Chairman of Changi Airport Group, and Mildred Tan, MD of Ernst & Young Advisory, engaged the audience in a lively exchange of views on the government’s role in business and the economy.

State-Owned Enterprise Roundtable: What does success look like for State-Owned Firms, 28 AugustA diverse group of speakers – H.E Dang Huy Dong, Vice Minister, Ministry of Planning and Investment (Vietnam); Ignasius Jonan, CEO, Indonesia Railways; and Liew Mun Leong, Chairman, Changi Airport Group – discussed key themes related to state-owned enterprises and government-linked companies. The event was graced by H.E Tran Hai Hau, the Vietnamese ambassador to Singapore.

CGIO Academic Conference, 27 AugustAcademics from around the world came together to share their insights into State-Owned Enterprises, Political Connection and Sovereign Wealth Funds. Keynote speaker, internationally-renowned Professor Weiying Zhang of Peking University, was followed by a strong line-up of leading academics from both local and overseas institutions presenting their papers.


ANNUAL NUS BUSINESS SCHOOL REUNIONS

Planning reunions can be unnerving, especially when the numbers roll into the hundreds, the guest lists stretch from 1969 to 2013 (for the BBA alumni), and some of the guests are based around the world. But the alumni and students persevered in their roles as organisers, performers, class champions and sponsors. Even those who were living abroad coordinated their business trips to coincide with the events, making them a big success.

EMINENT BUSINESS AWARDS We are proud to honour outstanding candidates with the NUS Business School Eminent Business Alumni Awards, the highest recognition from the School of alumni who have excelled in business and management. The biennial event was held at the Shangri-La hotel and graced by Minister for Foreign Affairs and Minister for Law Mr K Shanmugam.

Alumni Forum and Dinner in Jakarta, Indonesia, 16 – 17 May

Participants keen to capitalise on Indonesia’s growth story gained invaluable insights from distinguished speakers Alex Ibarat (MSc 2001), President and Director, PT Arpeni Pratama Ocean Line Tbk; Michael Riady (UCLA - NUS EMBA 2012), Executive Vice Chairman, Lippo Malls Indonesia; and Sutradharma Tj Sudarman, CEO

& Partner, TJS and Partners. In the event on 17 May, organised by the Jakarta Mandarin Alumni Chapter, Njoto Suhardjojo (Executive Education, 20th Batch) gave a management perspective on Sun Tzu’s Art of War. Akie Setiawan (NUS APEX-MBA Chinese 2003) and Soerjo Santoso (Executive Education, 4th Batch) respectively spoke about ‘green’ business and the affluent second generation.

Second Alumni Seminar in Bangalore, India, 20 FebruaryOur alumni were privy to the insights and experiences of guest speaker Aroon Raman, Managing Director of Raman FibreScience Pte Ltd and author of The Shadow Throne, who shared what it took to be a successful entrepreneur.

Alumni Dialogue and Networking Dinner at Ho Chi Minh City, 23 NovemberAlumni and corporate guests from Singapore, Malaysia, China, Taiwan and Vietnam gathered to discuss the opportunities and challenges Vietnam holds for local and foreign investors. Distinguished speakers included Tri N Pham, Chief Country Officer, Vietnam Deutsche Bank; Tran Thai Binh, Partner, LNT & Partners; and Eddy Laurence Ho, Director of Operations, RealtyLink Consultancy. Participants also visited the Vietnam Singapore Industrial Park and Township (VSIP), as well as CapitaLand’s latest overseas venture, The Vista.

TIES THAT BIND

MAKING CONNECTIONSIn business, it is important to make the right connections. The Global Alumni Network Office (GANO) engages its extensive network of more than 50,000 alumni globally, in close collaboration with three local alumni associations – the NUS Business School Alumni Association, MBA Alumni-NUS and NUS Business School Mandarin Alumni Association.

MENTORSHIP PROGRAMMES An exchange of ideas, imparting of knowledge, gaining of new perspectives – these are just some of the takeaways for both mentors and mentees of the NUS Business School Mentorship Programmes for MBA and BBA students.

EXPLORING SINGAPORE & NETWORKINGOver 130 MBA students and alumni members got together in August for an enjoyable evening of networking. Students who were new to life on campus and in Singapore were able to gain much-needed knowledge, get accustomed to what is available and most importantly, feel the warmth of friendship.

OVERSEAS EVENTSThere are no boundaries when it comes to knowledge sharing and networking. In Bangalore, Jakarta and Ho Chi Minh City, our alumni events and gatherings were well attended, well received and deeply enriching.

OVERSEAS CHAPTER INSTALLATIONS

300 ALUMNI AT THE INAUGURAL NUSBSA REUNION DINNER, 31 AUGUST

250 ALUMNI AT THE MBA REUNION 2013, 31 MAY

203 ATTENDEES

“ NUS has imbued me with a life-long thirst for knowledge, an acceptance of diversity as a strength and the quest for excellence in every business endeavour using management science and philosophy.”

- Alumni mentor

“ The NUS Business School motto ‘Leading from Asia’ would not be possible without alumni mentors volunteering to give back.”

Professor Chng Chee Kiong Vice-Dean (Undergraduate Studies)

MBA MENTORSHIP PROGRAMME, 6 FEBRUARY

BBA MENTORSHIP PROGRAMME, 25 SEPTEMBER

“ The school always strives to develop leaders who will serve society and business.”

Peter Seah, Chairman, Awards Committee and Chairman, DBS Group


GIVING MATTERS

REALISING DREAMSOver the years, the generous support of individuals and corporate donors, foundations, alumni, as well as faculty, staff and students, has given us a head start in creating a world-class environment for learning and research. Your gifts have gone a long way in helping the School invest in strategic projects, enrich the learning experience with visits from distinguished educators and eminent leaders, and most importantly, ensure deserving students get to benefit from the NUS Business School experience.

Our donors have helped to realise dreams with their generous donations. Last academic year, $6.89 million was contributed by 654 donors, who included alumni and students.

ENDOWED AND EXPENDABLE GIFTSThere are many ways donors can make a difference:1. Pledge an endowment where the principal sum is preserved and invested to earn returns to support

a designated purpose. 2. Plan an expendable gift to be used for an intended purpose over a specified period.

For the Academic Year 2012/2013, we received $1.3 million in expendable gifts and $5.59 million in endowed gifts. The unaudited market value of the School’s endowment is $88.99 million, a 19% increase from the previous academic year.

YOU HAVE MADE AN IMPACTWe are truly grateful to the following donors who have given $250,000 or more to the School.

WHAT OUR DONORS SAY

“ It is a firm belief of my late grandfather Mr Pek Cheng Chuan in “取之社会, 用之社会” (to give back to society from which one has benefitted) that motivates us to carry on his aspiration to contribute to society, particularly in the field of education.”

Thomas Pek Ee PerhManaging DirectorTai Hua Food Industries Pte LtdPek Cheng Chuan Memorial Bursary

“ My wife, Emma, and I hope the students, by being able to put financial worries behind them, can continue to excel in whichever discipline they wish to.”

Professor Joseph Cherian Director Centre for Asset Management Research & Investments (CAMRI)Yanfang and Joseph Cherian Bursary

WHAT OUR RECIPIENTS SAY

“ No words can describe how much your gift means to me. Your support has been truly priceless in helping me through all my struggles and I hope one day I can continue on the good deeds by helping others in need.”

Siti Arina bte Abu Bakar, NUS BBANUS Business School Alumni Association – Lim Pu Leh BursaryNUS Business School Alumni Association – Lim Beng Geok BursaryYanfang & Joseph Cherian Bursary

“ The Li & Fung Scholarship made it financially feasible for me to spend a semester in the UK on an exchange. It was a life-changing experience that really has broadened my world view and expanded my horizons. Thank you for giving me such an opportunity.”

Teo Chun Rui, NUS BBA (Hons) Li & Fung Scholarship

GIVING BY SOURCE*

* % of total funds received in AY2012/2013

GIVING BY PURPOSE*

$10 MILLION OR MORELippo Group

$1 MILLION OR MOREDymon Asia Capital (Singapore) Pte LtdEstate of Foo Hee LimJardine Cycle & Carriage LimitedMrs Lee Choon Guan Trust FundLow Tuck KwongMusim Mas Holdings Pte LtdOSIM International LtdSaw Swee HockSingapura Investment Holdings Pte LtdTahirAlice & Peter TanTang See Chim & FamilyVictor and William Fung Foundation

$250,000 OR MOREVeronica Eng Siang Yang Raymond Goh & Lee Kwai FongIan Ferguson Foundation The Institute of Banking & FinanceLee FoundationMizuho Corporate Bank LtdMorgan Stanley Asia (Singapore) PteJean Ngiam-Wu Po Kin & FamilyNUS Business School Alumni AssociationNUS Business School Mandarin AlumniPSA Corporation LimitedSingapore Press Holdings LtdSingapore Totalisator BoardTemasek Foundation CLG LimitedYCH Group Private Limited

63%

INDIVIDUALS

78%

STUDENT SUPPORT

5%

SINGAPORE GOVERNMENT AND STATUTORY BOARD

11%

FACULTY RESEARCH & PROFESSORSHIP

17%

CORPORATIONS

15%

FOUNDATIONS

11%

RESEARCH CENTRE u FOR STORIES ON GIVING

http://youtu.be/9HOtzLLZecw


u VISIT OUTSIDE-IN

u GO TO THINK BUSINESS

11 Jan 2013, Straits Times

NEWSWORTHY

MAKING HEADLINESThe School continued to attract media attention across the region and beyond for its initiatives, faculty research and commentaries, as well as the achievements of its students and alumni.

THINK BUSINESSLaunched in April 2012 to support and promote the School as a thought leader in business education, Think Business continued to increase its reach, doubling its readership in a year. Its published commentaries and analyses featuring faculty and visiting academic and industry leaders have also been extensively reproduced in the media.

GEOGRAPHIC DISTRIBUTION OF READERSHIP

POPULAR CONTENT ON THINK BUSINESS IN 2013 SOCIAL MEDIA

READERSHIP

MEDIA REPORTS

2013 vs. 2012

United Kingdom

The Philippines

Hong Kong

Malaysia

Australia

Singapore

Indonesia

India

ChinaUnited States

Kodak: A failure of focus: Lessons from KodakLessons from the decline of a once mighty American industrial icon

Tainted milk: Unravelling China’s melamine scandalChina’s 2008 tainted milk scandal laid bare the harsher realities behind the country’s economic miracle

Dealing with Demanding CustomersWhat to do when the customer isn’t always right

OSIM and the use of celebrity marketingA chair is a chair is a chair. But how you market it is what sets it apart, according to OSIM International’s founder

Big Data: What’s the big deal?Big data’s real value comes from being smarter in the way you use it

As the School’s presence on the main social media platforms continued to grow, social media was also employed during major School events like Commencement 2013, as well as the BBA and MBA Orientations, to deepen engagement with students.

In late 2013, an official School blog Outside-In was launched with the aim of nurturing a sense of community among staff, students, faculty and alumni, and keep stakeholders updated with the latest news and happenings in the School.

MEDIA MENTIONS

Total Media Mentions in Southeast Asia in 2013 Media Mentions by media type (2012 – 2013)

0.45%

RADIO

700

600

500

400

300

200

100

2012

PRINT

INTERNET

TV2013

0

2.45%

TELEVISION

28.7%

INTERNET

68.4%

PRESS

SOURCE: iSentia

8 Apr 2013, Lianhe Zaobao13 Jan 2013, Sunday Times

8 May 2013, Business Times 9 Nov 2013, Education Post (South China Morning Post)

87.69%

TOTAL VISITORS

98.68%

UNIQUE VISITORS

http://thinkbusiness.nus.edu/

http://bizblogs.nus.edu/outside-in


NUS Business SchoolNational University of Singapore Mochtar Riady Building

15 Kent Ridge Drive Singapore 119245

Email : [email protected] Website : bschool.nus.edu

February 2014

Financial Times MBA Rankings 201432nd

Financial Times EMBA Rankings 20135th (UCLA - NUS Executive MBA)17th (Asia Pacific Executive MBA)

Financial Times Master’s in Management Rankings 20137th (CEMS Master’s in International Management)

Forbes Global (2-year) MBA rankings 20132nd outside the United States

Princeton Review (2014 edition)Among “The Best 295 Business Schools”

QS World University Rankings® 2012/1325th

QS Global 200 Business Schools 2013/144th in Asia-Pacific

QS World University Rankings® by Subject 201311th in the world (for accounting and finance)

Times Higher Education World University Rankings 2013/1426th

Times Higher Education World Reputation Rankings 201322nd (university-wide)

University of Texas at DallasWorld Rankings based on Research Contribution 201343rd

NEWSWORTHY

INTERNATIONAL RANKINGS

46 NUS BUSINESS SCHOOL ANNUAL REPORT 2013

Annual Report 2013: Leading from Asia

Documents

Transcript of Annual Report 2013: Leading from Asia