Pap Minister S Iswaran has 48 directorships

From: "AleXX"

Subject: Re: pap minister S Iswaran has 48 directorship

"shermaine wang" wrote in message
On May 31, 3:40 pm, "truth" wrote:

> truth comment: this is the kind of excesses with pap infested by greedy
> and
> $face people. the whole idea of allowing political office holders and mps
> to
> sit on the boards of private companies is in the first place wrong. it was
> a
> policy introduced when gck was the pm. prior to that all pap mps are
> forbidden to be associated with private companies.

> http://forums.delphiforums.com/3in1kopitiam/messages/?msg=51858.1
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> i hate to intervene, but as one who has huge respect for the man, i
> think we have to get the facts right first -
> a) Firstly, he does not hold any of these Directorships now – he had
> to give them all up the moment he takes up office in Government –
> precisely to avoid any conflict of interest. This is the same for all
> other political office holders.
> b) Secondly, these directorships were held at different times – not
> all at the same time.
> c) Third, he held these Directorships on behalf of Temasek Holdings
> who was his employer – in other words, one salary and not fees from 48
> directorships.
> d) Btw it is very common for senior executives in corporations to hold
> such directorships in legal entities set up by their employers to
> manage their interests in various investments – they are not operating
> companies.

Of course the present Papist government law allows such homo sapiens to hold
as many directorship and chairmanship of any legal companies. But we are
pointing out the way they are being awarded; the auto-link to these
companies and the money they are harvesting in from annually from these
enterprises; and that is beside their multi-$million dollars salaries as
ministers.