| Company Description |
• An Asia investment company
• Invests on commercial principles as an asset owner
• Aims to create and deliver sustainable long-term value for its stakeholders as an
active investor and an active shareholder of successful enterprises |
|
| Heritage & Purpose |
• Incorporated under the Singapore Companies Act as an investment holding
company
in 1974
• Owns and commercially manages investments in companies previously held
directly by the Singapore Government, thus freeing the Government to focus on
its responsibilities of policy making and market regulation |
|
| Shareholder |
| • The Singapore Government through the Minister for Finance (Incorporated) |
|
| Source of Funds |
• Investments are financed through dividends received from portfolio companies,
divestment proceeds, commercial borrowings, bond issues and occasional capital
injections from its shareholder |
|
| Governance |
• Temasek Board, comprising a majority of independent directors, provides overall
strategic guidance and policy directions to Temasek’s management
• Investment, divestment and other operational decisions are made by the Board and
management
• The Board is accountable to its shareholder, for delivering sustainable long-term
returns
• The Board appoints or removes its Chief Executive Officer (CEO), subject to the
concurrence of the President of Singapore |
|
| Relationship with the President of Singapore |
• The President of the Republic of Singapore has a constitutional role to protect past
reserves which have been accumulated prior to the current government's term of
office in designated organisations such as Temasek
• It is considered a draw on past reserves, when total reserves are less than past
reserves
• Temasek’s Chairman and CEO report the position of its reserves to the President
every half year, and are required to seek his concurrence for any draw on Temasek’s
past reserves
• The President's concurrence is also required for the appointment, renewal or removal of Temasek's Board members, so that no government can change the Board at will
• Similarly, the President’s concurrence is required for the appointment or removal of
Temasek’s CEO by the Board
• The President’s role in safeguarding Temasek’s past reserves does not involve him in directing Temasek’s investment, divestment or other business decisions |
|
| Relationship with the Shareholder |
• Under the Singapore Companies Act, the Singapore Government has the right as its shareholder to appoint and remove the Board members of Temasek, subject to the
concurrence of the President of the Republic of Singapore
• Temasek provides annual statutory financial statements audited by an international
audit firm, as well as periodic updates to its sole shareholder
• The Singapore Government is not involved in the investment or operating decisions of
Temasek or its portfolio companies, except in its role as a regulator or policy maker
• Temasek does not manage Singapore’s official foreign reserves and other
Government reserves |
|
| Relationship with Portfolio Companies |
• Companies in the portfolio are managed by their respective management teams, and
guided and supervised by their respective boards
• Temasek does not direct the day-to-day commercial or operational decisions of its
portfolio companies
• Temasek exercises its shareholder rights, including voting, to protect its commercial
interests, in accordance with the relevant regulations in the various jurisdictions |
|
| Corporate Credit Rating |
| AAA/Aaa by Standard & Poor’s and Moody’s respectively |
|
| Staffing |
| • About 380 people in Singapore, China, India, Vietnam, Brazil and Mexico |
|
| Investments Themes |
• Transforming Economies
• Growing Middle Income Populations
• Deepening Comparative Advantages
• Emerging Champions |
|
| Investment Sectors |
• Financial Services
• Telecommunications, Media & Technology
• Transportation & Industrials
• Life Sciences, Consumer & Real Estate
• Energy & Resources |
|
| Offices & Affiliates |
• Singapore
• China (Beijing, Shanghai and Hong Kong SAR)
• India (Mumbai & Chennai)
• Vietnam (Ho Chi Minh & Hanoi)
• Brazil (São Paulo)
• Mexico (Mexico City) |
|
| |
 Download
the Temasek Holdings Fact Sheet here. |
