Good governance in and of itself does not deliver value, but good governance can help assure the sustainability of an institution beyond the contributions of any individual or team.
A robust and pragmatic governance framework emphasises long term over short term and substance over form, and provides a balance between accountability and responsiveness, empowerment and organisational alignment, and risks and returns.
We espouse the principles of commercial discipline, built on a culture of meritocracy, excellence and integrity, and aligned
through a performance incentive framework that reinforces sustainable long-term value.
Directed by our Board and management, Temasek owns and manages its assets on a commercial basis. Investment, divestment, business and commercial decisions are the responsibility of our Board and management.
Neither the President of Singapore nor the Singapore Government is involved in our investment, divestment or other business decisions.
For further information on corporate governance, please see Governance in Temasek Report 2010.
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