Invitation for Nominations 2019

Dear Representative, SFA Member Companies

The 2019 SFA Nominating Committee invites representatives of SFA members to nominate individuals to serve on the Committee of SFA for the 2019-2021 term.

The Committee will consist of the following members, who will be elected at the 2019 Annual General Meeting:

President
Vice President
Secretary
Treasurer
Seven Ordinary Committee Members

 

In accordance with Regulation 8.2 of the SFA Constitution:

  1. Only one representative of any member company may be elected to the Committee;
  2. At least half of the Committee members must be representatives of ordinary members, and
  3. No more than two Committee members may be from a bank or insurance company or finance company or trust company registered with the Monetary Authority of Singapore.

 

Additionally, a majority of the Committee Members must be Singapore citizens or permanent residents. Notwithstanding the above, the President, Secretary, and Treasurer must be Singapore citizens or permanent residents. Only representatives of Ordinary or Associate members who are resident in Singapore may be nominated.

Nominations must be made in writing by the voting representative and must be seconded by another representative, in the following manner:

  1. The nomination form must be signed by the person nominated, signifying the person’s consent to the nomination
  2. You must indicate which position the nomination is for (i.e. one of the four Officer positions or the Ordinary Committee Member positions).
  3. The nomination form must be signed by the proposer and seconder.
  4. Signatures may be signed in hardcopy or electronically.
  5. The Nominating Committee may also make nominations with the prior written approval of the nominee.

 

A copy of the nomination form can be found below:

SFA Nomination Form 2019

 

Nominations will close on 13 May 2019, so please submit your completed nomination and the information requested by 13 May 2019.

The Nominating Committee will review the nominations and will announce the names of eligible nominees at least 30 days prior to the Annual General Meeting, which is planned for 23 May 2019.

 

If you have any questions please email the Singapore Fintech Association at [email protected]

 

Mr Chew Yu Sing
Chairman
2019 SFA Nominating Committee

21 April 2019

 


FAQ

What types of people should apply?

We need fintech professionals that are passionate, knowledgeable and well connected to lead the Association in representing the broader fintech industry, fostering talent and innovation across the fintech sector, and supporting growth of the fintech industry in Singapore

 

Who is eligible to apply?

Staff of members* of the Singapore FinTech Association may apply. Only one representative per company may be elected to the Committee. While the president, secretary and treasurer must be a Singapore citizen or permanent resident, the vice president and other committee members may be a resident in Singapore (i.e. on Employment Pass, EntrePass, Letter of Consent). A majority of the Committee, however, must be Singapore citizens or permanent residents.

*Members refer to corporates whose membership applications have been approved before on or before 22nd March 2019 and membership fees paid.

 

How do I apply?

You can apply by submitting information about yourself, including contact details and a short bio, via the Nomination Form found at the link on the email that has been sent to SFA members regarding nominations. You will also need a proposer and seconder for your nomination.

 

Do I apply for a specific position?

You may apply for the role of president, vice president, secretary or treasurer. Otherwise, you can apply for the role of “Ordinary Committee Member.” Seven “ordinary” members will be elected at the AGM.

 

What is the commitment required?

Being elected to the SFA executive committee comes with significant responsibilities. The Monetary Authority of Singapore (“MAS”) has provided a financial grant to SFA to help develop the fintech eco-system in Singapore, which comes with an agreed set of targets and achievements that SFA will need to achieve.

The key areas of the MAS key performance indicators (“KPIs”) includes without limitation to outreach events, trainings and re-skilling, overseas trade mission, collaboration with domestic and foreign associations, research or in the participation of industrial guidelines and standards. Your commitment to lead or manage the KPIs are vital to the success of SFA and we would need you to detail in your nomination form how you will contribute towards the association goals.

We encourage each nominee to reach out to us at  [email protected] if you wish to have more information on these KPIs (for which you undertake to sign a Non-Disclosure Agreement prior to being furnished with the said information in confidence).

 

Do I need to be responsible for something or just have a committee role?

You can choose to run to be an officer – the president, vice president, secretary or treasurer or a committee member. Most Committee members also serve on a subcommittee. There are currently six subcommittees – Education, Events, Partnerships, Policy, Sponsorship, Women in FinTech – as well as individuals working on membership or other activities. The current sub-committees might be further refined after the new elected committee is voted in. This is due to further alignment to the SFA’s KPIs mentioned above.

 

What’s the process & timeline of nomination and selection?

  • 23 April – Nominations are open
  • 13 May – Nominations close at 5 pm SGT
  • 13-23 May – Nominations are reviewed by the Nominating Committee
  • 23 May – The SFA Committee will send an announcement about the Annual General Meeting (AGM)
  • 21 June – AGM to vote and decide on new members

 

What are the criteria for selection by the Nominating Committee:

The Nominating Committee is looking for individuals who have the interest, passion, experience and commitment to add value to the fintech community in Singapore. Criteria to the Nominating Committee will use include:

  1. Ecosystem Engagement. The nominee has participated in and supported ecosystem activities.  Examples might include moderating panels, speaking, mentoring, advising, volunteering at events, coordinating events, or working on behalf of the SFA.  We’re looking for people with a passion and with the ability to represent the fintech industry and issues.
  2. FinTech innovation engagement. The nominee is actively engaged in FinTech innovation activities such as building FinTech solutions, supporting bank transformation to FinTech, consulting in FinTech, or mentoring fintech companies.
  3. Commitment to the SFA KPIs. The nominee must be prepared to spend time (whether on their own time or as part of their company duties) and to devote time to SFA meetings and to achieve the KPIs of SFA.

 

How will Committee Members be elected?

SFA members will vote for office bearers and ordinary committee members at the Annual General Meeting, and election will follow on a simple majority vote of the members. Election will be by secret ballot. The term of office of the Committee is for two years with the exception of the Treasurer which has only a one-year term under the current constitution.

 

Who can be the proposer and seconder in the nomination form?

Both the proposer and the seconder can be the representative of another SFA member, or an existing committee member.

 

Can a member propose or second more than one nominee?

Yes.

If you have any questions please email the Singapore Fintech Association at [email protected]