插诨打科Temak Charter
Temak Holdings holds and manages the Singapore Government's investments in companies, for the long term benefit of Singapore.
By nurturing successful and vibrant international business from its stable of companies, Temak will help to broaden and deepen Singapore's economic ba.
Temak will work with its companies to:
(a) Values
Promote and maintain a strong culture of integrity, meritocracy, excellence and innovation;
(b) Focus
Foster a strong focus on core competence, value creation, customer fulfilment and shareholder returns; and divest non-core business, so as to maximi long-term shareholder benefit; 儿童新年礼物
(c) Human Capital
Nurture and cultivate a strong and internationally competitive cadre of board and management leadership, as well as outstanding employees to build successful business;
(d) Sustainable Growth
Support and institutionali high standards of business leadership, financial discipline, operational excellence and corporate governance to achieve scaleable and sustainable growth; and
下雪了作文二年级(e) Strategic Development烟花的声音怎么形容
Shape strategic developments, including consolidations, mergers, acquisitions, rationalisation or collaborations as appropriate, to build significant international or regional business.
Temak will divest business which are no longer relevant or have no international growth potential.
Temak may also, from time to time, invest in new business, in order to nurture new industry clusters in Singapore.
Elaboration
Background
(1) Temak Holdings was formed in 1974 as a focal point to hold and manage the Singapore government's investments in companies for the long-term benefit of Singapore.
(2) Many of its business have their roots in the history of Singapore's economic development. For instance, Singapore Airlines was formed through the de-merger of Malaysia-Singapore Airlines after Singapore's paration from Malaysia, and SembCorp Marine evolved from the commercialisation of the naval dockyard facilities when British m
ilitary forces withdrew from the Far East. In each ca, the goals were to develop economically viable business, retain and create jobs, and contribute to Singapore's economic survival, progress and prosperity.
Relationship with Temak Companies
(3) In the next pha of Singapore's economic development, Temak aims to build and nurture internationally competitive business. The can leverage on Singapore's competitive strengths, and in turn, enhance Singapore's economic resilience.
(4) Temak expects all its companies to continually innovate, explore new technologies or markets, operate on sound commercial principles, and deliver commercial returns in a globally competitive environment.
(5) Temak will exerci its shareholder rights to influence the strategic directions of its companies. But it does not involve itlf in their day-to-day commercial decisions.
(6) Temak will continually review its stable of companies, and rationali or consolidate 山是眉峰聚
them where it makes commercial and strategic business n, so as to enhance long-term shareholder returns.
Group A Business - Government Ownership and Control
(7) Government needs to own and control companies for various reasons. The include:
(a) Critical resources - where ownership of a resource is critical to Singapore's curity or economic well-being, or where the business is a natural domestic monopoly for which a market-bad regulatory framework has not yet been established. The include water, power and gas grids, airport, and aport; or
(b) Public policy objectives - where ownership enables the government to achieve specific public policy objectives, by providing rvices or assuring control for the public good. The include gaming, public broadcasting, subsidid rvices in healthcare, education and housing, and various public amenities like the zoo and bird park.
(8) The government will continue to hold majority or significant stakes in such Group A co
mpanies, for so long as there is specific requirement for government ownership or support. Should such business become no longer strategic to Singapore, or when viable market alternatives or regulatory frameworks are in place, the government will divest or dilute its shareholdings.
鸡蛋炒蒜苔的做法
(9) Where Temak has stewardship of Group A companies on behalf of the government, Temak will ensure their financial discipline and sound management, with a clear focus on customer orientation, strategic and operational effectiveness and economic viability in order to fulfil their respective missions. 声音增强
