Singapore National Employers Federation ( SNEF ) internal processes have been reviewed by an independent body, the company announced on Tuesday ( 17 September ) and have concluded without finding any suspicious activity.
The impartial overview was initiated after the SNEF government, which is the policy-making figure of the league, was informed of a “governance legal slip” during a regular internal review.
SNEF made public knowledge of the lapse’s finding on Jun 11. Additionally, it was also made known that Dr. Robert Yap, senator and council member, would be leaving.
After the fall was discovered, the SNEF government “promptly” engaged an outside consultant to conduct a thorough internal review of its internal processes, the union claimed next.
According to a SNEF statement in the press on Tuesday,” the independent review of internal processes by an external consultant has been concluded and it did not identify proof that establishes that there were any cautious, intentional, or false activities.”
Additionally, SNEF claimed that its economic statements had no bearing.
The government “takes really SNEF’s duty in upholding management ideals and made a firm remain to do an impartial review of internal processes when the governance legal lapse was brought to their attention,” SNEF said.
As we work to advance tripartism in Singapore, the government will continue to look into and work toward improvements to leadership and domestic techniques within SNEF.
In a separate statement, the Ministry of Manpower ( MOM) said that SNEF had informed it on the outcomes of the review.
According to the ministry,” there were no suspicious activities detected from the legal fall that the SNEF committee had discovered,” based on the findings of the evaluation.
” We appreciate SNEF’s efforts to address this issue firmly, and pleasant SNEF’s determination to undertake on further efforts to strengthen its internal management processes”.
MOM added in its statement that it has built a” strong tripartite relationship” with SNEF over the decades, and that” tripartism is , the bedrock of Singapore’s industrial harmony and economic success”.
As we continue to advance our economic and social targets for Singapore, we will continue to collaborate with SNEF as our bilateral partner in the name of respect, cooperation, and a shared responsibility to win-win options.
CNA has contacted SNEF and MOM for more information, including what the “governance procedural lapse” was and how it came to light.
SNEF and MOM previously did not respond to inquiries that CNA sent, citing the lack of an update because the independent review was still in progress at the time.
Dr. Yap, who served as SNEF’s CEO for ten years, is the CEO of YCH Group, a supply chain and logistics firm. CNA has also contacted him for more information.
One of the three tripartite partners is SNEF, a trade union of employers, along with MOM and the National Trades Union Congress (NTUC).
After he won the unanimous election of Mr. Tan Hee Teck as president in July, the federation is currently led by Resorts World Sentosa’s chairman and CEO.