Serious SMRT BODs MIA in current fiasco

[Confuseous]

It is well and good that the chairman (kept reminding us that he is new!) bowed and with the usual blah blah.

While the Quack is being left out to hang high and dry (and sitting behind a court-like set-up in parliament) where are the board directors? Why are they not held accountable too?

The quality is suspect too...it includes the principal of a primary school! Can I volunteer to take a seat at the board too, as I have many years of executive experience with different industries. Was it co-incidental that the school principal replaced Halimak when she was upgraded to Speaker in anticipation of the current job? Is this what is meant by inclusiveness, regardless of competence but meeting a racial group quota? But a school principal in a public company?

Ong Ye Kung was the other clown from the board, even as he was in the employ of NTUC.

Fish starts rotting at the head......

 

[virus]

Which part of his body is new? Doubt his karchng or langjeow. Fake news

 

[CoffeeAhSoh]

Smrt annual report 2016 Directors Fees considered quite solid. Note thats only from smrt alone others companies means more collection :


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[Leongsam]

Smrt annual report 2016 Directors Fees considered quite solid. Note thats only from smrt alone others companies means more collection :


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View attachment 33072

What the fuck do all these people do?

 

[virus]

Kua zhui

 

[halsey02]

All these are just "turkey fillings" to fatten the 'turkey' to make it look good, what does this "moolah" Hashim does to earn $65,000?, did she volunteered like Quak, quak quak??

Moliah Bte Hashim, Principal of Princess Elizabeth Primary School,http://princesselizabethpri.moe.edu...tructure/PEPS Org Chart 2017 (10-10-2017).jpg

What do a Principal of Primary School knows about running a train service provider?

VOLUNTEER?

 

[CoffeeAhSoh]

What the fuck do all these people do?

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https://www.investopedia.com/terms/b/boardofdirectors.asp
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What is a 'Board Of Directors - B Of D'
A board of directors (B of D) is a group of individuals that are elected as, or elected to act as, representatives of the stockholders to establish corporate management related policies and to make decisions on major company issues. Every public company must have a board of directors. Some private and nonprofit companies have a board of directors as well.



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[CoffeeAhSoh]

 

[CoffeeAhSoh]

BREAKING DOWN 'Board Of Directors - B Of D'
In general, the board makes decisions on shareholders’ behalf as a fiduciary and looks out for the financial wellbeing of the company. Such issues that fall under a board's purview include the hiring and firing of executives, dividend policies, options policies, and executive compensation. In addition to those duties, a board of directors is responsible for helping a corporation set broad goals, support executives in their duties, while also ensuring the company has adequate resources at it’s disposal and that those resources are managed well.

In recent years some boards of directors for publicly held companies have shifted focus from considering their fiduciary duty entailing watching after just the financial wellbeing of the corporation to a more broad goal of working to “promote the success of the company for the benefit of its members as a whole,” as the 2006 U.K. companies act lays out.



Read more: Board Of Directors (B Of D) https://www.investopedia.com/terms/b/boardofdirectors.asp#ixzz4xtrSbq4E
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[CoffeeAhSoh]

All these are just "turkey fillings" to fatten the 'turkey' to make it look good, what does this "moolah" Hashim does to earn $65,000?, did she volunteered like Quak, quak quak??

Moliah Bte Hashim, Principal of Princess Elizabeth Primary School,http://princesselizabethpri.moe.edu.sg/qql/slot/u512/About Us/Organisation structure/PEPS Org Chart 2017 (10-10-2017).jpg

What do a Principal of Primary School knows about running a train service provider?

VOLUNTEER?

/

Structure and Makeup of BOD

The structure and the powers of the board is determined by an organizations’ bylaws, which can include number of members, the manner in which they’re elected, how often they’re elected, and how often they confer. The number of members of a board can vary in size: some companies have boards with as many as 31 members or as few as 3. The ideal size of a board is 7.

No matter the number, ideally the board of directors should be a representation of both management and shareholders' interests by consisting of both inside and outside members.

An inside director is a member who has the interest of major shareholders, officers, and employees in mind and whose expertise in their business and their market adds value to the board. They’re not compensated for their position on the board, as it is seen as a responsibility of their job with the company. These inside members can be C-level executives, major shareholders, or stakeholders like union representatives.

Independent or ‘outside’ board directors are not involved in the inner workings of the company and bring experience from working in with other businesses. These member are reimbursed, and usually get additional pay for attending meetings. Ideally, this position provides more of an objective view what goals need to be met and how to fairly settle disputes.

Too many insiders serving as directors will mean that the board will tend to make decisions more beneficial to management but possibly not to the company as a whole, and too many independent directors may mean management will be left out of the decision-making process and may cause good managers to leave in frustration. Because of these concerns, striking a balance on the types of members on any board is important for their success.

Structure differs slightly in some countries in the E.U., and in Asia where the governance of a company is split into two tiers: an executive board, and an supervisory board. The executive board is made up of insiders elected by employees and shareholders and is headed by the CEO or managing officer. This board is in charge of the daily business operations of the company. The Supervisory board is chaired by someone other than the presiding officer of the executive board, and concerns itself with issues closer to what a board of directors would deal with in the U.S.



Read more: Board Of Directors (B Of D) https://www.investopedia.com/terms/b/boardofdirectors.asp#ixzz4xtrqDtzq
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[batman1]

SMRT MGT and SMRT BOD.A corrupt cronyism system.

 

[borom]

Hopefully when LTK steps down and whoever takes over (including international lawyer CSM) should raise more of such questions .
When WP did not run the admin of the TC "properly" ,Shan was very aggressive and even accuse them of being "unlawful"-so
this is where WP should ask Shan the same questions
Anyway it reflects on the individual if they accept an appointment in which they cannot contribute positively-esp if its in the public sector.

 

[CoffeeAhSoh]

What the fuck do all these people do?

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main part if their duties is to attend about 12 bod meetings each year. as to what they Do and or said in these meetings ( if they had attended ) . you have to ask pres Des for those minutes of BoD meetings. my guess is as good as yours...:(

 

[halsey02]

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main part if their duties is to attend about 12 bod meetings each year. as to what they Do and or said in these meetings ( if they had attended ) . you have to ask pres Des for those minutes of BoD meetings. my guess is as good as yours...:(

They are there to check the financial health of SMRT, they are just to attend meetings, sign off the minutes & it is not paid to ask, just to look. Wonder if they did what the lesser mortals did?, they didn't even go, they just prepare the minutes & they sign?. Anyone checking on them??

 

[Froggy]

What the fuck do all these people do?

They do fuck all, that's very important work