S'poreans in control

[metalslug]

http://www.straitstimes.com/Breaking+News/Singapore/Story/STIStory_354360.html

Transition at Temasek
S'poreans in control
Parliament told of the search for a CEO and succession planning
By Zakir Hussain

THE Cabinet discussed the appointment of American Charles Goodyear as CEO-designate of Temasek Holdings and decided the Government should not object to a foreigner holding the post if the company's board found him suitable and the best candidate available.
But the Cabinet also stressed the need for Temasek's board to remain in the effective control of Singaporeans, Senior Minister of State (Finance) Lim Hwee Hua told Parliament yesterday.

She was replying to Mr Lim Biow Chuan (Marine Parade GRC), who asked about the steps taken by Temasek to find a replacement chief executive officer, and if any Singaporeans were considered for the post.

Eight of the 10 current Temasek board members, including chairman S. Dhanabalan, are Singaporeans.

Mr Charles Goodyear, the former chief executive of mining and resources giant BHP Billiton, was appointed Temasek's CEO-designate this month and takes over from current CEO Ho Ching on Oct 1.

In her reply, Mrs Lim said that since early 2005 and on an annual basis, a subcommittee of the Temasek board of directors had worked with the incumbent CEO to review potential successor candidates.

The list includes candidates from within the company and outside it, both in Singapore and abroad.

It also includes Singaporeans, permanent residents and foreigners.

The candidates are also grouped according to a time line for possible CEO succession, she added.

That means there are some who can be considered immediately, should anything unexpected happen to the incumbent.

Read the full story in today's edition of The Straits Times.

 

[metalslug]

http://www.straitstimes.com/Breaking+News/Singapore/Story/STIStory_354377.html

Not for S'poreans' eyes only

Mrs Lim Hwee Hua pointed out that Temasek was not part of the civil service, but a commercial company wholly owned by the Government. -- ST PHOTO: ALPHONSUS CHERN

SENIOR Minister of State (Finance) Lim Hwee Hua yesterday debunked the notion that confidential information must be restricted to Singaporeans only.
Non-citizens have been hired by the Government even for sensitive work and projects, she told Parliament yesterday.

The condition: These persons must be assessed to have the requisite expertise, and have been security-cleared.

In all cases, access to sensitive information is governed by the Official Secrets Act (OSA), she added.

She was replying to a question from Non-Constituency MP Sylvia Lim, who asked why 'the civil service's hiring practice of restricting access to state secrets to Singaporeans' was not applied to Temasek Holdings.

Temasek has a multinational staff and recently named American Charles Goodyear as its first foreign CEO-designate.

Mrs Lim pointed out that Temasek was not part of the civil service, but a commercial company wholly owned by the Government.

She acknowledged that as Temasek's CEO, Mr Goodyear will be privy to information about the company's operations.

'Although Temasek publishes all key information about the company and the value of its assets, some information about its operations is proprietary and restricted to those who need it for proper management of the company,' she noted.

Read also:
S'poreans in control

 

[Lestat]

Anyone who believes in all that SHIT that is being reproduced in the SHITTY TIMES has got to be a joke.

 

[red amoeba]

ok...how long u think he will last in his post? 6 months? 12 months?

How many FT CEOs we see come and go? DBS, OCBC, NOL...

 

[halsey02]

And so ....Singapore Airlines, Singapore Power...etc.. not part of the civil service but wholly or partially owned by the SINgapore government.....that is correct!!:o

but how about GIC?, is that another?..GIC & Temasek no connection?...is that is true, MOF funds given to them for investment as a priavte company , right?...who should be responsible for a failure or success of such a commercial transaction?

 

[red amoeba]

going by the same logic - NS guys are redundant, they can hire FTs to replace NS men...because ultimately, the Defense Minster & the Cabinet Ministers are Singaporeans.

 

[Hope]

http://www.straitstimes.com/Breaking+News/Singapore/Story/STIStory_354360.html

Transition at Temasek
S'poreans in control
Parliament told of the search for a CEO and succession planning
By Zakir Hussain

THE Cabinet discussed the appointment of American Charles Goodyear as CEO-designate of Temasek Holdings and decided the Government should not object to a foreigner holding the post if the company's board found him suitable and the best candidate available.
But the Cabinet also stressed the need for Temasek's board to remain in the effective control of Singaporeans, Senior Minister of State (Finance) Lim Hwee Hua told Parliament yesterday.

She was replying to Mr Lim Biow Chuan (Marine Parade GRC), who asked about the steps taken by Temasek to find a replacement chief executive officer, and if any Singaporeans were considered for the post.

Eight of the 10 current Temasek board members, including chairman S. Dhanabalan, are Singaporeans.

Mr Charles Goodyear, the former chief executive of mining and resources giant BHP Billiton, was appointed Temasek's CEO-designate this month and takes over from current CEO Ho Ching on Oct 1.

In her reply, Mrs Lim said that since early 2005 and on an annual basis, a subcommittee of the Temasek board of directors had worked with the incumbent CEO to review potential successor candidates.

The list includes candidates from within the company and outside it, both in Singapore and abroad.

It also includes Singaporeans, permanent residents and foreigners.

The candidates are also grouped according to a time line for possible CEO succession, she added.

That means there are some who can be considered immediately, should anything unexpected happen to the incumbent.

Read the full story in today's edition of The Straits Times.

Faithful Catholic who goes church every sunday got the cheek to declare that:

I WANY HO CHING,SHE IS THE BEST FOR THE JOB.

But frankly on what basis he reached that conclusion?No one dare to ask!

Now it has been proven that she is not suitable for that job,what has he got to say,NOTHING.

I lost all my respect for Mr Dhana,and I think he has to face his maker one day and explain as this is surely no laughting matter.

GOD bless him and his belief!

 

[halsey02]

Faithful Catholic who goes church every sunday got the cheek to declare that:

I lost all my respect for Mr Dhana,and I think he has to face his maker one day and explain as this is surely no laughting matter.

GOD bless him and his belief!

No one can serve two masters; for a slave will either hate the one and love the other, or be devoted to the one and despise the other. You cannot serve God and wealth.

Matthew 6:24