Loan Policy LHE has a Loan Policy that it will not grant any loans or make any donations to staff or external parties at all times. Investment Policy LHE will only save its excess funds in low-risk investments. If there are any reasons for LHE to make any other investments, approval must be obtained from the Management Board before such investments are made. Personal Data Protection Policy LHE has a Personal Data Protection Policy which provides information on how we collect, use data and to whom we may disclose. For any enquiry on personal data protection, please contact Data Protection Officer Mr Christopher Teo, Deputy Chief Executive Officer, at christopher.teo@lionshome.org.sg. Policy of Avoidance of Potential Conflict of Interest LHE, including all its Directors and staff, shall avoid any conflict between their own respective personal, professional or business interests and the interests of LHE, in any and all actions taken by them on behalf of LHE in their respective capacities. The Board of Directors reviews the conflict of interest policy annually and completes the Policy on Conflict of Interest and Declaration, Conflict of Interest Disclosure Statement and Disclosure of Statement in January every year. Key staff also declared conflict of interest at the beginning of the year. Under any circumstance, in the event that any Director or staff shall have any direct or indirect interest in, or relationship with, any individual or organisation which offers to enter into any transaction with LHE, including but not limited to the following areas: • any sale, purchase, lease or rental of any product or other asset, with any vendor. mass media, before submission to the Management Board’s approval.
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any vested interest in other organisations that have dealings or relationship with LHE. any joint ventures between LHE and external parties. recruitment of staff with close relationship (i.e. those who are more than acquaintances) with the current Board or Committee members or staff. the award of any contract or subcontract.
Bribery/Corruption; or Harassment or discrimination, etc.
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If a person suspects that the LHE or its partner(s) of any misconduct stated in the above paragraph and he/she wishes to submit a report, the report shall be addressed to the
Chairman of the LHE Audit Committee via either of the following channels: Email:
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Such person shall give notice of such interest or relationship and shall thereafter refrain from discussing or voting on the particular transaction in which he/she has an interest, or otherwise attempting to exert any influence on LHE to affect a decision to participate or not participate in such transaction. In addition, there is no paid staff who are close members of the family of the Chief Executive Officer or Board Member, who receives more than $50,000 during the year. Reserves Policy LHE has a Reserves Policy to ensure proper management of its resources in order to sustain a working capital for ongoing programmes and services for our beneficiaries. The policy of cash reserves ratio to operating expenditure is three years of LHE annual operating expenses. Such reserves shall be invested in principal guaranteed, risk-free investments. Whistle Blowing Policy LHE is committed to maintaining high standards of professionalism, accountability and integrity in its conduct of business, and does not tolerate any form of unethical, illegal, dishonest and improper activity. The whistleblowing policy aims to provide an avenue for LHE employees and external parties to report an activity that he/she considers to be unethical, illegal, dishonest or improper, without fear of reprisal or unfair treatment. Some examples of such activities are as follow (non-exhaustive):
whistleblow@lionshome.org.sg ; or Mailing Address: 9 Bishan Street 13 Singapore 579804
The report shall consist of the following (non-exhaustive):
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Names of people involved; Names of any witnesses; Date, time and location of the misconduct; Details of any proof; and How often the incident has happened (for recurring incidents).
Anti-Money Laundering and Terrorist Financing Policy (AML & TF) This policy provides an understanding of the requirements of Anti-Money Laundering and Terrorist Financing concerns as applied to LHE. It articulates the actions and procedures required of LHE to conform with the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act (CDSA) and the Terrorism (Suppression of Financing) Act (TSFOA). The policy guides LHE to conduct periodic review of its internal controls, policies and procedures, key programmes and partnerships to protect LHE from actual or alleged abuse of fraud, ML and TF. For an effective investigation and evaluation, the whistleblower is encouraged to identify himself/herself, provide his/her contact details and give as much specific information as possible on the concern raised. All concerns and/or identity of the whistleblower will be treated with strict confidentiality.
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Theft/Fraud; Misappropriation of funds;
Lions Home Annual Report 2023/24
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