Spot the diff in Temasick charters

[MarrickG]

Honestly, I dun care about whatever Charter they have, just dun lose money!

CHARTER 2002

A refinement of Temasek's relationship with the Government and its stance on portfolio companies

Temasek Charter (2002)

Temasek Holdings holds and manages the Singapore Government's investments in companies, for the long-term benefit of Singapore.

By nurturing successful and vibrant international businesses from its stable of companies, Temasek will help to broaden and deepen Singapore's economic base.

Temasek will work with its companies to:

Values

Promote and maintain a strong culture of integrity, meritocracy, excellence and innovation;

Focus

Foster a strong focus on core competence, value creation, customer fulfilment and shareholder returns; and divest non-core businesses, so as to maximise long-term shareholder benefit;

Human Capital

Nurture and cultivate a strong and internationally competitive cadre of board and management leadership, as well as outstanding employees to build successful businesses;

Sustainable Growth

Support and institutionalise high standards of business leadership, financial discipline, operational excellence and corporate governance to achieve scalable and sustainable growth; and

Strategic Development

Shape strategic developments, including consolidations, mergers, acquisitions, rationalisation or collaborations as appropriate, to build significant international or regional businesses.

Temasek will divest businesses which are no longer relevant or have no international growth potential.

Temasek may also, from time to time, invest in new businesses, in order to nurture new industry clusters in Singapore.

CHARTER 2009

Temasek Charter (Now)

Temasek Holdings is an investment company managed on commercial principles to create and deliver sustainable long-term value for our stakeholders.

Temasek is an active value-oriented investor and may increase, reduce or hold its investments in companies or other assets, or pioneer innovative products or businesses in order to create and maximise shareholder value.

Temasek is an active shareholder and aims to achieve sustainable returns by engaging the boards and managements of its portfolio companies to:

Values

Foster a deep culture of integrity, meritocracy and excellence;

Focus

Maintain a clear focus on core competence, customer fulfilment, innovation, commercial discipline and consistent value creation;

Human Capital

Cultivate high calibre board and management leadership, as well as committed and responsible employees;

Sustainable Growth

Institutionalise superior business leadership, financial discipline, operational excellence and sound corporate governance;

Strategic Options

Create strategic options to build significant international or regional brands or businesses.

Temasek is a responsible corporate citizen and is committed to contributing part of its returns to encourage the growth and development of the wider community.

 

[batman1]

They anyhow change the charter anytime cos they think the money belongs to the mafiafamily.

 

[R4g3]

Honestly, I dun care about whatever Charter they have, just dun lose money!

earn money also not our business, but lose money the people suffer.

Where can we find another business like this...