Education
Dip.SCI(General)
Singapore College of Insurance, Singapore
Jan 1996 - Dec 1996
Dip.SCI(Life)
Singapore College of Insurance, Singapore
Jan 1993 - Dec 1993
B.Eng. (Elect.)
Nanyang Technological University, Singapore
Jul 1988 - Jun 1992
Professional Exams & Certifications
Advanced Certificate in Training & Assessment
Singapore
Year Of Passing:
2009
Certified NLP Practitiomer
Singapore
Year Of Passing:
2007
FChFP
Singapore
Year Of Passing:
2002
CLU
The American College, United States
Year Of Passing:
2002
Chartered Life Underwriter
Certified Professional Trainer
Kent, United Kingdom
Year Of Passing:
2001
CFP
FPAS, Singapore
Year Of Passing:
2001
Certified Financial Planner
ChFC
The American College, United States
Year Of Passing:
2001
Chartered Financial Consultant
Associations & Membership
IFPAS
Singapore
Jan 2001 - PresentEXCO member
Member for Education & Training committee
FPAS
Singapore
Jan 2001 - Present
Publications and Research
RISK MANAGEMENT OF HUMAN ASSETS IN SMALL AND MEDIUM SIZE ENTERPRISES IN SINGAPORE
Edwin Choo Grace Kong Tenzin Quek Teo Yong Song
History has shown that more than 80% of all business failed within the first 5 years of establishment( Singapore government’s own Statistics Department surveys during 1984 and 1994 confirm along this line too). There are many factors that lead to such a high failure rate but in this research; we will rather be looking at the failure of a business due to the death, disability or major medical crisis of the owners, partners, and shareholders, risks related to human assets management. We will also be looking, in particular, at how such risks can be managed by using established risk management tools which share risks, eg insurance plans. They are available widely in the West and also in Singapore and the nearby countries like Malaysia. They are established risk reduction tools, designed mainly for SMEs, though not exclusively so, and can be used to minimize risks in these situations.
Usually, when these unfortunate events occur, there are questions that the family members and the remaining business partners need to address:
1. Shall the business be dissolved or continued?
2. Will the business be sold or liquidated at a lower value?
3. Will the deceased’s family members be interested and capable of running the business?
4. If the surviving partners would wish to buy over the shares of the deceased shareholder, where then the fund for such an acquisition be found?
5. similar related matters, where established risk management tools are available but often remain unused due to a lack of awareness, or more importantly, just a lack of planning for it.