Temasek Holdings scores perfect 10 in Transparency
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http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_451028.html
Temasek scored 10 out of 10 on the latest Linaburg-Maduell Transparency Index, published quarterly by the Sovereign Wealth Fund Institute in California.
It shared the top spot with seven other funds, from Chile, the United Arab Emirates, Ireland, Azerbaijan, Alaska, Norway and New Zealand.
The Government of Singapore Investment Corporation (GIC) was rated six, the same score as funds from Kazakhstan, Timor-Leste and Kuwait.
The 10-point transparency index was set up in the middle of last year, and measures the openness of these government-owned investment vehicles to the public.
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http://www.swfinstitute.org/research/transparencyindex.php
the Sovereign Wealth Fund Institute's criteria is a joke. Have telephone number 1 point. Have own website 1 point. Smoke some investment strategy another point.
Criterias taken from the Linaburg-Maduell Transparency Index website
+1 Fund provides history including reason for creation, origins of wealth, and government ownership structure
+1 Fund provides up-to-date independently audited annual reports
+1 Fund provides ownership percentage of company holdings, and geographic locations of holdings
+1 Fund provides total portfolio market value, returns, and management compensation
+1 Fund provides guidelines in reference to ethical standards, investment policies, and enforcer of guidelines
+1 Fund provides clear strategies and objectives
+1 If applicable, the fund clearly identifies subsidiaries and contact information +1 If applicable, the fund identifies external managers
+1 Fund manages its own web site
+1 Fund provides main office location address and contact information such as telephone and fax
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Originally posted by Calvin86:
http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_451028.html
Temasek scored 10 out of 10 on the latest Linaburg-Maduell Transparency Index, published quarterly by the Sovereign Wealth Fund Institute in California.
It shared the top spot with seven other funds, from Chile, the United Arab Emirates, Ireland, Azerbaijan, Alaska, Norway and New Zealand.
The Government of Singapore Investment Corporation (GIC) was rated six, the same score as funds from Kazakhstan, Timor-Leste and Kuwait.
The 10-point transparency index was set up in the middle of last year, and measures the openness of these government-owned investment vehicles to the public.
After losing so much, still want to keep quiet ar??? sure become transparency lah, if not how to hold on to the CPF funds. -
Hahaha....ho chio, ho chio
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that sets the standard. from now on, to get a perfect 10, you don't even need to explain how and why you change CEO and how and why you decide not to change afterwards.
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The Ang Mos will always praise Temasek.... who wouldn't when you give them tens of billions of the money you take from your own citizens?
Transparency my ass... ask Temasek to be transparent and say how much was taken from Singapore and lost to foreigners in order for them to show a profit?
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Uncle, last time i remember you said they are not transparent enuf, now they open up to you and be transparent you still cow pei cow bu. So how?? ask them to open half and be half tranparent ok or not?
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Haizz....
That means the ranking was tailor made.
Tailor made.
No wonder it fits.