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Everything from system to money, these two were the major things. They were running the books on a spread sheet, and we were recruiting people. The payroll was building…
Roles And Responsibilities
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I spent a big part in the 80s and up to the mid-90s, with the same bank for twenty years and being the Chief Financial Officer. So, in that role, there is the helping…
Interviewee Background
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Whether you are a business or you are a not-for-profit business, the only way to sustain it is financial resources. Without financial resources, you can't do…
Differences Between Uni And Private
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In the case for SMU at that time, it was really a start-up. The planning team in SMU was still negotiating with MOE [Ministry of Education] on the start-up funding just…
First Involvement
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First, was to help management and the board decide how should we manage tuition fee. When we look at the long-term financial need of the university, we only recognise…
Tuition Fee Increase
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The first challenge is ourselves. How do we convince our own stakeholders, the schools and all that, to first embrace a common strategy and for them to articulate their…
Strategies - SIM Teow Hong
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But when I created the accounting system and the planning system, at the back of my mind was to make it such that it helps us understand the business dynamics of SMU,…
Getting Started
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We want to be a world-class research university. We want to be distinguished in our education. So those are very broad. But at which level do we want to be benchmarking…
Founding Of Third University
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Universities are not-for-profit and for public service and also subsidised so, like I say, you need various sources of funding to come in. Tuition fee, government…
Managing Endowment
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Personally, has been a wonderful, learning journey. But also, it's a place where, if I look back, I have basically through my whole career, I have gone through…
Moving Forward
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Yes, in the sense if you look back, it is easier to be a growing up kid. Now, you are a teenager. From my perspective, challenges of course, financial, because we are…
Challenges
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When I look at our students and our graduates, what concerns me is many of them are focused on, I guess primarily, career and money. But to me, life is more than that.…
Advice For Students - SIM Teow Hong
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I guess the role of CFO has changed, not just for university but in general. Primarily also because of the changes in the marketplace. Traditionally, many CFOs are very…
CFO Changing Role
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Yes, when we first started, of course, we had nothing and we only have an aspiration to teach in a certain way and hope to produce students that the marketplace wants.…
Significant Milestones
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I like to believe that we are financially strong where we are now, in terms of what we have generated and built up over the years. So today, in fact on the 15th of…
SMU Financial Journey
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My daughter was the first child of a staff to enrol in the school and it was in its third year. From what I heard and saw in the first one, two years, I say the system…
Personal Impact
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