Page 10 - NYAA Annual Report 2023

Moving forward, we remain dedicated to actively seeking partnerships and opportunities for
fundraising, understanding the importance of sustained financial support to drive our initiatives
and create a meaningful impact in the lives of our participants.

NYAA Investment Property

The NYAA owns an office space at 20 Kramat Lane #04-12 United House, Singapore 228773, which
housed the NYAA Secretariat from 1994 – to 2001. The NYAA rented out the office space to
generate income. As of 31 December 2023, the property is valued at S$1.8 million by an
independent valuation company, Realty International Associates Pte Ltd.

(Please see Appendix 10 for the valuation report.)

GOVERNANCE EVALUATION CHECKLIST

Disclosure and Transparency

NYAA Governing Council Members

The NYAA Governing Council Members generously dedicate their services to the NYAA without
financial compensation, except for two individuals holding full-time positions within the
Association. These dedicated members are:

• Mr James Soh Nga Kok, Secretary and Executive Director, has served as Executive Director full-
time since 18 February 1991. Mr Soh was re-elected as Secretary of the National Youth
Achievement Award Association during the AGM on 20 June 2023 for two years.

• Ms Aileen Yap Leng Lee, Assistant Secretary and Deputy Executive Director, has been employed
full-time since 1 May 1993, initially as the Assistant Executive Director and was later promoted to
Deputy Executive Director in 2000. Ms Yap was re-elected as Assistant Secretary during the AGM
on 20 June 2023 for two years.

It is important to note that no governing Council members set their remuneration.

Recognition And Renewal of Council Members

The Council recognises the contributions of members who have faithfully served for over ten
years. While acknowledging the need for renewal, we approach this process cautiously to maintain
the organisation's stability. We continuously seek new, young individuals who have achieved the
Gold Award to serve as Council Members, as they deeply understand our organisation's values and
ethos.

Among those who have served for over ten years are two full-time staff members and key Council
members, two individuals from the minority groups. These members bring valuable resources and
networks that are challenging to replace. The members are:

• Mr Viswa Sadasivan – From a minority group (Indian), Provides expert advice on
communications, strategies, public relations, and links to SINDA.

• Mr Izzuddin Taherally is from a minority group (Malay). Former President of the Malay Youth
Literary Association (4 PM). Provides expert advice on minority groups and how to work with
the Malay community.

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