07 Aug '11, 7am

Ex-Income chief asked to quit co-op

Ex-Income chief asked to quit co-op

Ex-Income chief asked to quit co-op August 7th, 2011 | Author: Your Correspondent Straits Times, 7 August 2011 Presidential hopeful and former NTUC Income chief Tan Kin Lian has revealed that he was asked to leave the insurance cooperative in 2006. In an interview with The Sunday Times, he disclosed the reasons for his sudden departure from the company he helmed for nearly 30 years. ‘When I ran NTUC, I ran it quite differently from what my board wanted. The board wanted NTUC to be more commercial. I wanted NTUC to be more cooperative. So I struggled with my board over the years,’ said Mr Tan. His remarks prompted an immediate response from NTUC Income, which said that, as a cooperative, it is today as committed as ever to its social purpose. Rather, Mr Tan’s departure was linked to the need for NTUC Income to ‘professionalise’ itself and was necessary in order for it to ‘m...

Full article: http://www.temasekreview.com/2011/08/07/ex-income-chief-a...

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