Temasek companies musn't cross bright red line of corruption
LMFAO funniest piece of news I read today thus far....... then how do you account for the Keppel saga appropriately???? GONG JIAO WEI LAH!!!!!!!!!!!
SINGAPORE: When it comes to corporate corruption, there is a "bright red line" that Singapore companies should not cross, especially those that Temasek Holdings has a stake in, said its chairman Lim Boon Heng.
He spoke recently to chairpersons of major Temasek portfolio companies and the transcript was released on Monday (Mar 5).
Mr Lim emphasised the importance for companies to uphold the principles of good governance and integrity in business dealings, noting that Singapore has built a global reputation as a clean place for both business and government.
"It is a hallmark of our nation and the fundamental value on which we have built our economy," he said.
"It is no coincidence that we have been consistently rated one of the world’s least corrupt countries. The past conduct and business records of all your companies have contributed to this global recognition. We all have a continuing responsibility to uphold this reputation."
He added: "In markets where practices are questionable and compromising integrity is required to win business or contracts, we have to be very clear – there is a bright red line our companies should not cross."
Read more at https://www.channelnewsasia.com/news/singapore/temasek-holdings-companies-should-not-engage-in-corruption-10013924
Damn straight!!!!!!