Jeffrey Siow on benchmarks for Temasek
As Temasek expands its investment activities across new geographies and sectors, it may need to adjust its organisational structure to sharpen its focus and better achieve its objectives. Temasek has publicly explained the rationale for its latest restructuring. These are matters for its board to determine and the government does not intervene in such decisions. Ultimately, the government holds the board of Temasek accountable for delivering good long-term returns on its overall portfolio - on the basis of net portfolio performance after deducting all investment fees and expenses. Senior Minister of State for Finance Jeffrey Siow said this in reply to MPs’ questions in parliament on Monday (Jan 12).
As Temasek expands its investment activities across new geographies and sectors, it may need to adjust its organisational structure to sharpen its focus and better achieve its objectives. Temasek has publicly explained the rationale for its latest restructuring. These are matters for its board to determine and the government does not intervene in such decisions. Ultimately, the government holds the board of Temasek accountable for delivering good long-term returns on its overall portfolio - on the basis of net portfolio performance after deducting all investment fees and expenses. Senior Minister of State for Finance Jeffrey Siow said this in reply to MPs’ questions in parliament on Monday (Jan 12).
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