03 Sep '11, 8am

Demystifying the President's office will add prestige to it

I took some time off my usual business routine the other day to browse through the online Temasek Holdings Review 2011 and discovered some interesting facts about Temasek Holdings that are perhaps not so widely publicised, not even in the new media. 1) Temasek Holdings is an “Exempt Private Company”, that is to say it is not a public company like those listed on the stock exchange. 2) Being an Exempt Private Company (Chapter 50), Temasek Holdings is not allowed by law to have corporate shareholder. That is to say its shareholders must comprise of private individuals and the number shall not exceed 20. 3) An Exempt Private Company is exempted from filing audited financials with the public registry. So its audited accounts are only for the eyes of its board members (executive and non-executive directors) and its shareholders. 4) Temasek Holdings has ONLY ONE SHAREHOLDER, he ...

Full article: http://theonlinecitizen.com/2011/09/demystify-president-o...

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