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. Hence, even as capable and honest men and women underpin the success of Temasek and its portfolio companies, we continue to search ceaselessly for better solutions in anticipation of changing needs as we shape our institution for the long term.
A robust and pragmatic governance framework provides a practical balance between accountability and responsiveness, between empowerment and organisational alignment, and between risks and returns.
We espouse the principles of commercial discipline, built on professionalism and robust processes, and reinforced through a performance incentive system that is aligned with sustainable shareholder return.
Investment, business and commercial decisions are the responsibility of our Board and management. Neither the President nor the Singapore Government is involved in directing our investment, divestment or other business decisions.
For further information regarding our corporate governance, please see the section on
Institutionalising Sound Governance in Temasek Review 2008.
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