Bloomberg.com, 25 Aug 2009
Aug. 25 (Bloomberg) -- Temasek Holdings Pte, Singapore’s state investment firm, said it plans to work closely with companies in which it owns stakes as overseas holdings increase, in the first change to its charter in seven years.
Temasek will focus on “sustainable returns by engaging with the boards and management of our portfolio companies,” Chairman S. Dhanabalan said at a briefing in Singapore today. Temasek is looking for a successor to Chief Executive Officer Ho Ching after Charles “Chip” Goodyear’s appointment was scrapped over differences in investment strategy. Assets of Temasek slumped by more than S$40 billion ($27 billion) last fiscal year.
Read More
