Fallacious Flashback
Writing in her personal capacity, Ms Ho Ching, the CEO of Temasek Holdings, has asked for continued support for the National Kidney Foundation (NKF) which has come in for heavy criticism recently.
She wrote:
"The NKF has wisely built up strong reserves over the years. It is a sensible and responsible approach. The NKF's fears are understandable. No one likes to have the dreadful responsibility of deciding which patients should live when money dries up in an economic downturn."
"When the NKF completes its review and puts together its plans, do share them. I am sure Singaporeans and many others share a chord of sympathy for your cause."
"On the issue of CEO pay, I believe that even charities ought to be managed professionally. How else can we extend high quality and impactful services including specialist educational and therapy support to those in need? After all, we do not expect CEOs of publicly-funded hospitals to be poorly paid, do we?"
"Mr Durai has helped make a difference in the NKF where medical science has offered a lifeline, though at a cost of tireless fund raising for life time dialysis support. I would not begrudge Mr Durai a proper and well-earned compensation and bonus. He probably earned less than what he would have earned if he had continued in his profession as a lawyer."
"While the leadership of a CEO is critical to shape and drive any organisation, it is equally important that the board balances its support and guidance for its CEO, with its fiduciary duty. It has to serve as an impartial guardian of stakeholder interest in a public institution."
"On the other hand, we should resolutely guard against those with serious faults of character and not put them into positions of trust. But let's be fair and keep an open mind, and give the benefit of doubt until the full facts are known."
"Finally, whatever the transgressions or shortcomings, I want to put on record my deep gratitude for Mr Durai and the NKF and their supporters, including numerous donors, media artistes and volunteers as well as board members and patron."
I wonder what Ho Ching must be thinking now of Durai.
But I guess the Shin Corp - Temasek thing should be distracting her for now.
Heh.
For the full letter:
http://www.channelnewsasia.com/stories/singaporelocalnews/view/158427/1/.html
She wrote:
"The NKF has wisely built up strong reserves over the years. It is a sensible and responsible approach. The NKF's fears are understandable. No one likes to have the dreadful responsibility of deciding which patients should live when money dries up in an economic downturn."
"When the NKF completes its review and puts together its plans, do share them. I am sure Singaporeans and many others share a chord of sympathy for your cause."
"On the issue of CEO pay, I believe that even charities ought to be managed professionally. How else can we extend high quality and impactful services including specialist educational and therapy support to those in need? After all, we do not expect CEOs of publicly-funded hospitals to be poorly paid, do we?"
"Mr Durai has helped make a difference in the NKF where medical science has offered a lifeline, though at a cost of tireless fund raising for life time dialysis support. I would not begrudge Mr Durai a proper and well-earned compensation and bonus. He probably earned less than what he would have earned if he had continued in his profession as a lawyer."
"While the leadership of a CEO is critical to shape and drive any organisation, it is equally important that the board balances its support and guidance for its CEO, with its fiduciary duty. It has to serve as an impartial guardian of stakeholder interest in a public institution."
"On the other hand, we should resolutely guard against those with serious faults of character and not put them into positions of trust. But let's be fair and keep an open mind, and give the benefit of doubt until the full facts are known."
"Finally, whatever the transgressions or shortcomings, I want to put on record my deep gratitude for Mr Durai and the NKF and their supporters, including numerous donors, media artistes and volunteers as well as board members and patron."
I wonder what Ho Ching must be thinking now of Durai.
But I guess the Shin Corp - Temasek thing should be distracting her for now.
Heh.
For the full letter:
http://www.channelnewsasia.com/stories/singaporelocalnews/view/158427/1/.html
posted by Kelvin Lim at 7:50 pm
3 Comments:
Dude, breaking news. From From the NHK, you're the first to hear it from me.
At present, the site of the abandoned mining island Gunkanjima is only open for research, but recent interest in Japan's industrial heritage has opened up plans to create a tourism on the island, and created a movement to register the island in the UNESCO World Cultural Heritage. To this effect, the old wharf would be re-opened for tourist boats, and a path made around one part of the island. This project has already been included in this year's budget in Nagasaki, and if the island is judged safe enough, sightseeing will be possible from spring next year. (I suppose that's 2008)
May be a good thing or a bad thing.
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This sounds ironic...
But ARRRGGGHHH. Tourists!
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