As a statutory body, the Nanyang Polytechnic (NYP), Singapore, winner of the 2011 Singapore Business Excellence Award, was governed by a Board of Governors (BOG), independently appointed by the Minister for Education. To establish governance over the finances, accounts, investments, property, and other affairs of the Polytechnic, the BOG oversaw the Administration Committee (Major establishment and finance matters), the Investment Committee (Investment strategies and plans), the Audit Committee...