According to Deloitte's South East Asia 2016 Annual Human Capital Trend report, entitled "The New Organisation: Different by Design", leadership development continues to be the top Human Capital priority in Southeast Asia with 97% of business and HR leaders in the region ranking it above other talent issues in terms of importance. To tackle this growing human capital leadership develop need, TMS Academy, the integrated leadership development arm of Temasek Management Service (TMS) and the Human Capital Leadership Institute (HCLI) will merge on July 1, 2017 and form a new centre of excellence with a mission of developing leaders in Asia and beyond. The new organisation will retain the HCLI name and operate as a subsidiary of TMS, with Ms Wong Su-Yen as the CEO.
With the on-going support of Singapore's Ministry of Manpower (MOM) and the Singapore Economic Development Board (EDB), the new HCLI will offer an expanded portfolio of leadership development programmes for executives, ranging from emerging leaders to company directors. HCLI's extensive proprietary research on Asian leadership and actionable insights will continue to inform programme design.
Dr. Tan Chin Nam, Chairman of TMS said, "The new organisation launches at an opportune time, with Singapore's focus on lifelong learning, upskilling and talent development. With a vibrant network of 35,000 partners and alumni and the synergies of TMS and HCLI coming together, the new HCLI is well positioned to further its mission of building Asian leaders who drive innovation and growth, here in Singapore and beyond." Mr. Sunny Verghese, Chairman of HCLI's Board of Directors added, "Our goal is to be the leading centre of excellence for developing executive leadership and impactful knowledge, in, from and for Asia. Our programmes equip executives and Directors with insights necessary for leading across borders."
Combining the two entities will result in one unique organisation with a broader reach across industries to address the demand for leadership development and strategic human capital management capabilities in and for, Asia. The new HCLI will bring to Asian business leaders the best current thinking from global and regional academic thought leaders, blended with unique insights from leading policy makers and practitioners. The new centre will continue to design intellectually rigorous programmes, which are focused on practical and actionable learnings that will stay with participants through their leadership journeys.
TMS Academy is the integrated leadership development arm of Temasek Management Services (TMS), a wholly-owned subsidiary of Temasek Holdings. The Academy is dedicated to the mission of developing a strong pipeline of Asian business leaders and Board Directors, and to help private and public institutions build their organisational capabilities to develop senior-level talent. With its open architecture, its focus on practical and industry-led learning and its wide networks among leading academic institutions as well as business leaders globally, TMS Academy is uniquely positioned to offer critical insights for executives and Board Directors, as well as a wide range of high-impact, practice oriented open and custom solutions. For more information, please visit TMS Academy
Based in Singapore, the Human Capital Leadership Institute is a centre of excellence that facilitates the acceleration of leadership development and strategic human capital management capabilities in Asia. Through its efforts, HCLI aims to develop global leaders with a strong understanding of leading in Asia, as well as to build Asian leaders with the ability to lead on the global stage. The institute achieves this by driving Asia-specific research and insights, creating industry-relevant executive development programmes and fostering rich networks between thought leaders in business, government and academia. With the support of the Singapore Ministry of Manpower and the Singapore Economic Development Board, HCLI is a subsidiary of Temasek Management Services, which is wholly owned by Temasek Holdings (Private) Limited. HCLI offers a broad suite of leadership development solutions and research. The institute has alumni that comprise company directors and emerging leaders across multiple industries and geographies. HCLI has the unique ability to bring together global thinkers to share perspectives on understanding Asia, successfully doing business in Asia and the implications on leadership and human capital strategies for Asia. For further information, please visit www.hcli.org
According to advisory services company CEB, just 26% of Asia's rising leaders believe their successors are ready to move to executive roles, compared to 43% in the rest of the world. Meanwhile, a study by Mercer found that the majority of companies in Asia—59%—said their managers have little or no accountability for developing leaders.