In the light of the recent events surrounding PM Lee's lawsuit threat against TR Emeritus, I would like to issue a challenge to the Prime Minister, the Minister of Finance and the Board of Directors of Temasek Holdings, to put to rest, once and for all, the doubts and rumours surrounding Ho Ching's appointment as CEO of Temasek Holdings.
Instead of wasting time and money on unleashing lawsuit threats against hapless bloggers, the Prime Minister and the Government of Singapore should practice the highest standards of transparency and accountability with regards to the corporate governance of Temasek Holdings, for the benefit of its ultimate beneficiary owners, the citizens of Singapore.
I demand that the Prime Minister provide complete, incontrovertible, exhaustive documentary evidence demonstrating beyond a shadow of doubt that the selection process that ended in the appointment of Ho Ching as CEO of Temasek was made "on merit and through proper process".
Such documentary evidence should:
1. Detail clearly, precisely and exhaustively what are the roles and responsibilities of the CEO of Temasek Holdings.
2. Detail clearly, precisely and exhaustively what are the qualifications, skills, experience and other requirements for a candidate to be considered for the position of CEO of Temasek Holdings.
3. Provide a complete list of the candidates that were being considered and a detailed comparison of their candidacy, and demonstrate clearly why it is that Ho Ching was the most qualified person of all the candidates that were being considered at the time for the post of CEO of Temasek Holdings.
4. This list of candidates that was being considered should be open to public scrutiny as to whether there was indeed no other candidate available of comparable or superior caliber to Ho Ching for the post of CEO of Temasek Holdings, at the time when the selection process was being conducted.
Such documentary evidence should also:
5. Include an exhaustive list of the standards and benchmarks used in the performance evaluation of the CEO of Temasek Holdings. It should state clearly what constitutes acceptable performance, superior performance and subpar performance. This includes the performance criteria that Ho Ching would have been expected to be evaluated by, when she was in the process of being appointed, and not just the performance criteria as it stands today.
6. Explain clearly why Ho Ching was, of all the available candidates at the time, deemed to be the person most capable of achieving the performance expectations detailed in (5.)
7. Analyse and detail Ho Ching's actual performance vis a vis the standards and benchmarks detailed in (5.) and compare it to the performance of the other candidates listed in (3) so that we can see if indeed, the Board of Directors of Temasek Holdings and the Ministry of Finance made the correct decision to hire Ho Ching for the position of CEO of Temasek.
The above list is certainly not exhaustive, and is only meant to be a starting point towards improving the transparency and accountability of the Government of Singapore to the citizens of Singapore. Instead of resorting to lawsuit threats, which only serve to regress the state of democratic discourse in Singapore, all the Prime Minister needs to do is to impose the highest standards of transparency and accountability on his Government and its agents, so as to expunge all doubt regarding the integrity of government-related appointments, not the least that of his wife to the position of CEO of Temasek Holdings.
Despite PM's promises to make this country a more open, inclusive society, and to promise 'light-touch' regulation, this lawsuit incident has revealed the PM's true colors and runs the risk of moving this country backwards rather than forwards. I personally am disappointed and fed-up with the [censored]-like behavior of the PAP and hereby challenge the PM to come clean with the people!