Who We Are

At Tote Board, our vision is about building a caring and resilient Singapore. We steward the operating surplus from gaming revenue by supporting community-based projects for social impact.

We support projects that align with our four Strategic Outcomes:

1. Healthy lives and well-being
2. Empowered communities
3. Caring, cohesive and resilient society
4. Sustainable and liveable home
   

We are committed to enabling and supporting the success and growth of our partners. We do this by: 

1. Investing in longer-term strategic partnerships and providing funding security with flexible, reliable, and sustainable grants. This allows grantees to focus on what they do best—supporting and improving their communities. 
2. Working closely with partners and grantees to enhance their performance, relevance and governance, in line with our Strategic Outcomes in order to keep up with the changing grant landscape. 

Tote Board works collaboratively with the Gambling Regulatory Authority of Singapore to foster responsible gambling and reduce the prevalence of illegal gambling. We will ensure our subsidiaries conduct their businesses in a socially responsible manner. 

Responsible gaming is part of our DNA. 

We  uphold our mandate to counter illegal gambling by providing safe, legal and responsible service offerings for people who choose to bet.  Player protection is a key pillar of our business strategy.  We work closely with stakeholders to achieve a balanced regulatory ecosystem.

We are committed to conducting our business in a fair, transparent, and socially responsible way. We want go beyond meeting regulatory expectations to being recognised as a leader in responsible gaming practices.

As the subject matter experts in our domain,  we keep abreast of global trends and international best practices, assessing their applicability for our business practices. We leverage technology and analytics to better understand our customers and competitors. 

Armed with research and data intelligence, we offer strategic insights and work with stakeholders to develop effective strategies to counter illegal gambling.

Tote Board is committed to ensuring the highest standard of corporate governance in the Tote Board Group, comprising Tote Board, Singapore Pools and Singapore Turf Club (STC). The Chairman and Board Members of Tote Board are appointed by the Minister for Finance. They are experienced professionals drawn from both the public and private sectors.

In addition to its statutory responsibilities, the Board sets strategic directions and policies relating to the functions of Tote Board, ensuring that resources are optimally utilised to fulfil the mission of Tote Board. 

The Audit and Risk Committee (ARC) of Tote Board includes representatives from the Board of Tote Board, Board of Singapore Pools, and Management Committee of STC. The majority of ARC members have the requisite accounting or financial-related management expertise to discharge their responsibilities and duties.

The ARC assists the Board in fulfilling its responsibilities to oversee internal controls, financial reporting, compliance and risk management. This includes ensuring the adequacy of internal controls and reviewing audit plans, audit reports and audited Tote Board Annual Financial Statements. Besides overseeing accountability and audits, the ARC also provides oversight of the Tote Board Enterprise Risk Management (ERM) Framework through regular risk management reports from the Management.

The ARC has explicit authority to investigate any matter within its terms of reference. It also has full access to, and cooperation of Management. It has direct access to Group Internal Audit (Group IA) and external auditors, with full discretion to invite any Board Member or Management staff to attend its meetings. In addition, the ARC also meets with external auditors and staff of Group IA, without the presence of Management, during the financial year. Reasonable resources are made available to the ARC, enabling it to properly discharge its function and duties.

The Group has established a structured ERM framework to assess the effectiveness and efficiency of strategic and operational policies and activities. The ERM framework, which draws references from ISO 31000 and COSO standards, provides consistent risk management systems and processes across the Group, identifying and managing risks that could impact the Group’s ability to achieve its mission and objectives. The ERM framework also guides the Group towards its desired maturity level of having an integrated approach to balancing risks with corporate strategy and objectives.

The Board of Tote Board, supported by the ARC, exercises overall risk governance and oversight of the ERM framework. The annual risk review and regular risk reporting exercises, facilitated by the risk management function, are carried out by risk owners and Management, with key risks being reviewed and monitored by the ARC and Board. Strategic responses are formulated and monitored to address any risk gaps, and are built into the coming year’s strategy and work planning for the respective entities and Tote Board departments. On an ongoing basis, significant risk-related developments and incidents will also be reported and escalated to the ARC and/or the Board, where necessary.

The Board ensures that Management maintains a sound system of internal controls to safeguard the interests of stakeholders and the assets of the Group. The Management of Tote Board, Singapore Pools and STC are responsible for the design and implementation of a comprehensive system of internal controls to safeguard assets, maintain proper accounting records and produce reliable financial information. The system includes defined responsibility and financial authority limits, segregation of duties, reconciliation of financial information, compliance with internal financial policies, financial regulations or government instruction manuals, and maintenance of proper financial records. The ARC ensures that a review of the effectiveness of internal controls — including financial, technological, operational and compliance controls, and risk management — takes place annually through various internal audits and related reports issued to the ARC. For certain projects or areas where independent expertise is specially required in connection with the review of controls, external professionals and service providers are appointed accordingly.

The ARC has received assurance from the Management of Tote Board, Singapore Pools and STC that:

• the financial statements are drawn up to give a true and fair view of the state of affairs of Tote Board and Tote Board Group;
• there are adequate internal controls in place, which are operating effectively to provide reasonable assurance in managing risks, safeguarding assets, ensuring reliability of the financial information, and compliance with law and regulations by Tote Board and the Group.

Based on the systems of internal controls and risk management established and maintained by the Group, work performed by Group Internal Audit and external auditors, as well as reviews performed by the management, the ARC is satisfied that the systems of internal controls and risk management are reasonably adequate and effective.

Tote Board’s Group Internal Audit (Group IA) is an independent function that reports functionally to the Chairman of the ARC and administratively to the Chief Executive. Group IA is guided by the International Professional Practices Framework, as defined by the Institute of Internal Auditors. The adequacy of funding and staffing of Group IA, and its appropriate standing within the Group, is ensured by the ARC. The principal role of Group IA is to conduct audits that evaluate the reliability, adequacy and effectiveness of internal controls within Tote Board, Singapore Pools and STC. Group IA adopts risk-based auditing and works closely with external auditors to coordinate audit work. It provides stakeholders with reasonable assurance on the effectiveness of control and governance processes used in the management of risks and accomplishment of objectives.

As part of the annual financial statements audit, external auditors conduct a review of significant internal controls. Such controls are mainly determined by the purpose of the audit and the scope of work under the audit plan. Any material non-compliance and/or internal control weaknesses are addressed and made known to the ARC, together with the external auditors’ recommendations. To maintain the independence of external auditors, the ARC reviews the nature and extent of non-audit services provided by external auditors during the year, and the fees paid for such services. The ARC is satisfied that the independence of the Tote Board Group’s external auditors has not been impaired by the provision of those services. The external auditors have also provided confirmation of their independence to the ARC.

The Investment Committee sets and reviews policies relating to the investment of Tote Board’s surplus funds. It also reviews investment returns, performance of fund managers, as well as the appointment and termination of fund managers, investment consultants and other related service providers.

Tote Board oversees its two subsidiaries, Singapore Pools and STC, including the appointment of the Board of Directors of Singapore Pools and Management Committee of STC, as well as the appointments of Chief Executive Officer of Singapore Pools, and President and Chief Executive of STC. Tote Board also provides internal audit function to Singapore Pools and STC.

The Whistleblowing Policy provides a platform for partners, suppliers and the members of public to report on observed improprieties that involve Tote Board staff and/or its partner(s)/supplier(s). Tote Board treats all feedback/complaints seriously and will investigate when there is a need to do so. The Tote Board Audit and Risk Committee will review all investigation reports and take necessary actions.

Types of Impropriety

• Failure to observe a legal obligation
• Miscarriage of justice
• Concerns about the Board's accounting, internal controls or auditing matters
• Breach of or failure to implement or comply with the Board's policies or the Instruction Manuals
• Corruption, malpractice, acts of fraud, theft and mismanagement or misuse of the Board's properties, assets or resources
• Conduct which is improper, unethical or in breach of the law
• Abuse of power or authority
• Serious conflict of interest without disclosure
• Participation in or condoning a reputable wrongdoing through wilful suppression or concealment of any information relating to a wrongdoing

Confidentiality

Whistleblowers are strongly encouraged to provide their names and contact numbers to facilitate investigations. Further clarification are often needed and helpful in investigations into the feedback/complaints. The ability to investigate depends on the quality and adequacy of the information provided by the Whistleblower. Subject to applicable laws and regulations, Tote Board will protect the confidentiality of the Whistleblower. 

Protection of Whistleblowers

Except for malicious whistleblowing, a Whistleblower who makes a feedback/compliant shall be protected by Tote Board against any reprisal.

If the results of an investigation show that the Whistleblower acted maliciously or did not act in good faith or submitted a feedback/complaint which he knew to be false, or without a reasonable belief in the truth and accuracy of the information, Tote Board shall consider to take appropriate actions against the Whistleblower.

Reporting Channels

How and What to Report

The submission of complete information is important and helps in investigations. Please provide the following, where possible:

• Name(s) of person(s)/company(ies) involved
• Date, time and location of incident
• Frequency of occurrence of the incident
• Value of any money or assets involved
• Physical evidence
• Any other information that may substantiate the feedback/complaint

Chairman

Mrs Mildred Tan

Members

Singapore Pools

Singapore Pools was established in 1968 and carries the twin purpose of combating illegal gambling in Singapore and channelling its surplus from its operations to Tote Board for giving grants to worthy causes. It was acquired by and became an agent of Tote Board in 2004. Singapore Pools is committed to being a responsible gambling operator that customers can trust - in 2012, it was conferred the highest accolade by the World Lottery Association in recognition of its responsible gambling practices. Singapore Pools is in a privileged group of being one of just three operators in Asia to achieve this certification.

Singapore Turf Club

Founded in 1842, Singapore Turf Club became an agent of Tote Board in 1988 and relocated to its current premises at Kranji racecourse in 1999. Singapore Turf Club channels its surplus from its operations to Tote Board for giving grants to worthy causes. The Club adopts a strong “Play Responsibly” stance. Through regular engagements with customers, it advocates a balanced approach towards enjoying the sport and thrills of horse racing, without adverse effect on customers’ finances or lifestyle. Singapore Turf Club offers horse racing as a sport and entertainment, with its racecourse premises used for wide-ranging recreational activities enjoyed by Singaporeans from all walks of life.

As a responsible steward of public resources, Tote Board is committed to embracing environmentally sustainable practices. These efforts are aligned with the principles of GreenGov.SG, the public sector’s sustainability movement which advances our nationwide commitment to sustainable development as outlined in the Singapore Green Plan 2023*.

The Management Statement outlines Tote Board’s dedication to integrating sustainability principles into our everyday business operations:

Tote Board commits to environmental sustainability. We are increasing our use of sustainable procurement practices by choosing suppliers that share our dedication to environmental responsibility and promoting eco-friendly products and services. We adopt energy efficient technologies, promote water conservation, reduce waste and recycle. Lastly, we promote this mindset and shared responsibility among our employees. 

A governance structure is put in place to ensure accountability for our sustainability efforts. Senior Director (Corporate) will act as Chief Sustainability Officer to oversee these responsibilities (including assessing relevant indicators on environmental impact) and will report to the board on an annual basis. 

• Tote Board has established 2023 as our baseline year coinciding with the organisation's return to full office operations. This baseline year provides the most comprehensive and verified dataset to-date, enabling more precise and confident sustainability efforts moving forward.
• Currently, Tote Board does not have Scope 1 emissions as we do not own any vehicles or equipment that give rise to direct emissions. As a tenant in Singapore Pools building, we lack access to historical and current waste generation data. We recognise the importance of comprehensive environmental reporting and is exploring options to enhance its data collection and disclosure practices in the future.
• In light of these circumstances, Tote Board’s current focus is on Scope 2 emissions, specifically electricity and water consumption. In alignment with GreenGov.SG metrics, our FY2023/24 electricity consumption was 27,807 kWh, resulting in 11.6 tonnes of carbon emissions.
• For FY2023/24, Tote Board’s resource consumption metrics were:
  • Average monthly electricity consumption per person in 2023: ~21.4kWh
  • Average monthly water consumption per person in 2023: ~0.05 m³
• We target to reduce our consumption by 5% in the next reporting year.

* Exclusion Declaration: In the interest of transparency, this reporting excludes the sustainability disclosures of our subsidiaries, Singapore Pools and Singapore Turf Club.