Temasick board members are independent Woh!

[makapaaa]

<TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR>Temasek board members are independent
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<!-- START OF : div id="storytext"--><!-- more than 4 paragraphs -->I THANK Mr Imran Ahmed for his letter on Wednesday, 'Kudos to Temasek for transparency award - let's take it to next level'.
Temasek Holdings is a commercial investor. Although the Singapore Government is our sole shareholder, it does not direct or influence our investment or divestment decisions.
Eighteen years ago, the Government initiated and put in place constitutional safeguards to protect the integrity of important Singapore institutions like Temasek. Thus, the appointment, removal and renewal of Temasek board members are subject to the concurrence of the President of Singapore.
Mr Imran's concerns that 'seven' out of nine Temasek board members 'have some nature of linkage with the Government' are also misplaced.
Our board members, comprising reputable Singaporeans and non-Singaporeans, are appointed on the basis of their relevant experience, integrity and the independence of mind they bring to our board deliberations.
A considered examination of their backgrounds would show that they are well qualified in their own right with a majority having independent non-government business or corporate leadership track records.
While the Government may have tapped them for government committees or boards of public institutions, such pro-bono 'linkages' do not make them any less independent or suitable as Temasek board members.
Ultimately, our board has the responsibility to discharge its fiduciary duty with care, integrity and wisdom, and to act in the best interest of Temasek and its stakeholders to deliver sustainable long-term returns.

 

[makapaaa]

 

[Ramseth]

Frankly, tell them to stop bluffing people. I accept all their bluffs since they're in power. No need to bluff any further, all have to accept.

 

[cheekenpie]

hahaa... the cock is a writer for TEmasek Review. Ironic hor.

 

[Worldclass]

And why Ministers have to speak in Parliment over Temasick losses if it is Independent!

 

[hairylee]

Yes, they are truely independent.
Independent from its obligations to the citizens of this country.

 

[Papsmearer]

<TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR>Temasek board members are independent
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<!-- START OF : div id="storytext"--><!-- more than 4 paragraphs -->I THANK Mr Imran Ahmed for his letter on Wednesday, 'Kudos to Temasek for transparency award - let's take it to next level'.
Temasek Holdings is a commercial investor. Although the Singapore Government is our sole shareholder, it does not direct or influence our investment or divestment decisions.
Eighteen years ago, the Government initiated and put in place constitutional safeguards to protect the integrity of important Singapore institutions like Temasek. Thus, the appointment, removal and renewal of Temasek board members are subject to the concurrence of the President of Singapore.
Mr Imran's concerns that 'seven' out of nine Temasek board members 'have some nature of linkage with the Government' are also misplaced.
Our board members, comprising reputable Singaporeans and non-Singaporeans, are appointed on the basis of their relevant experience, integrity and the independence of mind they bring to our board deliberations.
A considered examination of their backgrounds would show that they are well qualified in their own right with a majority having independent non-government business or corporate leadership track records.
While the Government may have tapped them for government committees or boards of public institutions, such pro-bono 'linkages' do not make them any less independent or suitable as Temasek board members.
Ultimately, our board has the responsibility to discharge its fiduciary duty with care, integrity and wisdom, and to act in the best interest of Temasek and its stakeholders to deliver sustainable long-term returns.

One hand bring up a comment disguised as a pat on the back, and the other hand answers him. This fucker Imran Ahmed should shut the fuck up. Its not his business. This cocksucker is a Pakistani Keling FT working for a bank in S'pore and try to do his usual ass kissing by giving "Kudos to Temasek for Transparency awards". If any native born sinkie want to make a comment on Temasek, go ahead, not a job stealing FT.

If Temasek was so transparent, let them show the S'pore people the following:
1) The results if a independent world known head hunting firm that interviewed many qualified candidates on the position of CEO and than choose Ho Jinx.
2) If they did not hire a professional headhunting firm, than lets see the thought process and what other candidates were considered before they arrived a decision to hire a CEO with such little real world investment experience.
3) Can the BOD of Temasek explain why Goodyear departed months after he was hired to replace Ho Ching. They explained that there was difference of strategic view, but surely, they must have asked him for his vision of Temasek during his interval and like it enough to hire him.
4) Can Temasek detail all the losses they have suffered to date, and can they be honest and write off the ones that they are still carrying on their book at market value?