Under The Willow Tree

Three cheers to Conrad Raj today for his much needed commentary on Temasek’s divestment of BoA in TODAY. Conrad is one of the few independent voices in Singapore’s journalism scene who truly is bold and daring to ask the tough questions of Singapore’s corporate elite.

Singaporeans need to thank him for calling Temasek Holdings into account and for voicing out the concerns of Temasek’s true shareholders – ordinary Singaporeans like you and me.With parliament unwilling and unable to do its job of demanding transparency and accountability from Temasek, it is absolutely necessary for independent journalists and the media to ask tough questions and demand straight answers from the stewards of Singapore’s capital. Indeed, Singaporeans deserve much more than to be patronized repeatedly by being told of the SWFs’ “long-term” view of their investments.

I hope that Conrad and his business team will be all the more bold in questioning the managers of our country’s savings – for it is only when shareholders demand and monitor it that corporate governance becomes effective in protecting the interests of those it is supposed to serve.
 
Singaporeans too should ask the tough questions needed by writing to the press, or picking up their own pens in their blogs.

This entry was posted on Monday, May 18th, 2009 at 9:26 AM and is filed under Finance & Investments.You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.