temasek holdings board of directors

The Board has reserved the following matters for its decision: The following Board committees, each chaired by a non-executive Director who is independent of management, have been set up with specific delegated authorities: The Board has separate and independent access to information to assist it with its deliberations, including the opportunity to request supplementary or explanatory information from management. We are delighted that Theng Kiat will remain as a non-executive member of the Temasek Board, and continue as non-executive Chairman of TI. He started his career at Royal Dutch Shell in 1982, working in a number of finance and business roles in different . Leadership Transition at Temasek Holdings We have evolved from a relatively passive owner of the shares in former Government-owned companies in Singapore to a globally-recognised and respected investor, forward looking institution and trusted steward. Mr. Zobel, Filipino, 63, has been the Chairman of the Board since December 1996 and Director since March 1989. NTUC Enterprise Co-operative Limited (Director) [34], Temasek's 2006 acquisition of Shin Corporation, owned by the family of then Thai prime minister Thaksin Shinawatra, was particularly controversial, with protestors burning effigies of Lee and Ho on the streets of Bangkok. Temasek Holdings is a sovereign wealth fund (SWF) a state-owned companythat manages an investment fund on behalf of the Government of Singapore.. Asia-Pacific Landscape Architecture Luminary Award (2017), Bachelor of Arts (Honours) in Engineering, University of Cambridge, UK Vice President, ESG Investment Management, Assistant Vice President, Technology & Consumer Investments, Total number of employee profiles an organization has on Crunchbase, Total number of board member and advisor profiles an organization has on Crunchbase, Total number of Crunchbase contacts associated with this organization, Number of Board Member and Advisor Profiles, Chief Financial Officer; Joint Head, Corporate Development Group, Executive Director & CEO, Temasek International, President; Joint Head, Investment Group; Joint Head, Portfolio Management Group; Joint Head, S'pore, President; Joint Head, EDG; Joint Head, Investment Group; Joint Head, Spore; Head, Americas, Edit Board Member and Advisor Profiles Section. To ensure its independence, IA reports functionally to the AC and administratively to the office of the CEO of Temasek Holdings. Temasek Foundation is the non-profit philanthropic arm of Temasek Holdings. advertising cookies. Stay up to date with our latest news, insights and stories. M+S Pte. They are highly dedicated and driven, methodical and passionate, but always with a heart for the larger good, always trying to make a difference, especially for the less fortunate and those in need. He graduated from the National University of Singapore with a Bachelor of Laws degree, and obtained a Master of Law from the University of Cambridge. Visionary Leader in 2007 (Travel Weekly Asia Industry Awards) Derek has more . While there are some months to go before Ho Ching retires, the Board wishes to recognise that she has led Temasek through a remarkable period of transformation. Global Award in 2007 (World Travel Mart in London) Upgraded but still having issues? Audit and Risk Committee (Member) Doctor of Architecture honoris causa, University of Newcastle, Australia Madam Ho, 68, will take over Mr S Dhanabalan, 84, as chairman of Temasek Trust from April next year. Ltd. (Chairman) We are on a continuing journey of transformation across the company. Related Hubs. We know it's a hassle to switch browsers but we want your experience with TODAY to be fast, secure and the best it can possibly be. Founding Director of National Cancer Centre Singapore, Ex Senior Vice Dean (Clinical, Academic and Faculty Affairs) at Duke-NUS Graduate Medical School Singapore and Ex Deputy Group Chief Executive Office (Research and Education) at Singapore Health Services. Past directorships in listed companies held over the preceding five years In his 10 years tenor with Temasek, Derek headed the Industrials Cluster and also served as country head in Vietnam looking after investments in Vietnam, Myanmar, Cambodia and Laos. [22] The president also has the right to appoint, terminate, or renew the members of Temasek's board of directors. [51], As a company, Temasek has been carbon neutral since 2020. The AC also reviews the scope and results of the external audit, and the independence of the external auditors. The firm has publicly stated that its goal is to reduce the net carbon emissions attributed to its entire portfolio to half of 2010 levels by 2030. This site uses cookies. Its TSR since inception was 14%, compounded over 48 years. Board of Directors | TLL Temasek Life Sciences Laboratory Mr Lee responded: I am very pleased about Dilhans appointment. Our investment philosophy is anchored around four key themes: Transforming Economies; Growing Middle Income Populations; Deepening Comparative Advantages; and Emerging Champions. Temasek Holdings announced the retirement of Mdm Ho earlier this year, more than a decade after a highly publicised failed leadership transition in 2009. Lynn S Beedle Lifetime Achievement Award, Council on Tall Buildings and Urban Habitat (2016) Our Board operates on a commercial basis, with the added constitutional responsibility, together with our CEO, of protecting the Company's past reserves, given Temasek's status as a Fifth Schedule entity under the Singapore Constitution. [52], Temasek headquarters at The Atrium@Orchard in Singapore, Government of Singapore Investment Corporation, "TEMASEK HOLDINGS (PRIVATE) LIMITED (197401143C) - Singapore Business Directory", "Temasek Holdings (Temasek) - Sovereign Wealth Fund, Singapore - SWFI", "Singapore's state-owned investor Temasek reports record portfolio value", "Temasek portfolio surges to record high, driven by Singapore investments", "Four keys that could unlock a better, more sustainable world", "Temasek hits perfect score on transparency index", "Temasek is different from other sovereign wealth funds and pays tax - Chairman", "Singapore's $744 Billion Fund Eyes Deals in Low-Return World", "Singapore's GIC Set to Manage Extra $137 Billion in Reserves", "Modern Meadow Closes $40M Series B Round to Commercialize Biofabricated Leather - Modern Meadow", "Shareholders approve Temasek buyout of Singapore rail operator", "Speeches by Ho Ching, Executive Director & CEO, at the Institute of Policy Studies", "S&P CONFIRMS AAA RATING AS TEMASEK UPSIZES GLOBAL NOTES TO US$15 BILLION", "Temasek Holdings responds to NSP's claims", "About Singapore - Our History - The Sixties", "Singapore Statutes Online - 50 - Companies Act", "Temasek Biggest Shareholdings Fall $23.5 Billion in Three Months", "Ho Ching to retire as Temasek CEO on Oct 1; Dilhan Pillay named successor", "Chart of the Day: Temasek's major stock investments yielded 8.1%", Thailand: Protesters burn images of Lee, wife. Ho Ching is Patron of the Assisi Hospice and Advisor of the Autism Resource Centre. Temasek had also openly[27] and accurately[28] disclosed its financial information through its annual report (although Ho said that, as a private company, it was not legally obliged to do so). Kyanite Investment Holdings (II) Pte Ltd (Director) NTUC Club (Council Member), Bachelor of Business Administration, National University of Singapore Bayer AG 's long-time investor Temasek Holdings Pte is pushing for the removal of Chief Executive Officer Werner Baumann, according to people familiar with the matter, ratcheting up pressure. Please provide the details of your enquiry, major investment and divestment proposals. This is not unusual for Temasek. Dilhan and his current team have that same character and sense of purpose. This service is not intended for persons residing in the E.U. Bangkok Post, "Temasek sells telco shares to Singtel for $2.47b", "Haldor Topse Holding A/S sells minority stake to Temasek", "The $290 Billion Fund Helping Make Tiny Singapore an Agricultural Powerhouse", "E-commerce startup Zilingo raises $226M to digitize Asia's fashion supply chain", "Temasek buys stake worth US$3.5b in BlackRock", "Temasek Holdings adds 3.9% stake in BlackRock for US$3.5 bil; becomes one of BlackRock's largest shareholders", "Qui est Temasek, le fonds qui a investi dans ManoMano, Alan et InnovaFeed? Madam Ho Ching (pictured) will take over Mr S Dhanabalan as chairman of Temasek Trust from April 2022. Today (Sept 30), it is reported that Ho Ching, 68, will take over as chairman of Temasek Trust from 1 April 2022. Carson Cumberbatch PLC (Director), Past directorships in listed companies held over the preceding five years She also said that she was grateful for Mr Dhanabalans leadership at Temasek Trust as its second chairman, a role he took on soon after his retirement as chairman of Temasek Holdings. Ltd.) (Independent Director)) About Temasek Holdings has 43 current employee profiles, including Executive Director & CEO Ho Ching. Kidney Dialysis Foundation (Director) Mr Lim, who is also chairman of Temasek Foundation, and Mr Teo are retiredsenior civil servants while Mr Tow is chief executive of Pavilion Capital International, which is wholly owned by Temasek Holdings. The AC is supported by Internal Audit (IA). T. (65) 6955 9999. Temasek Foundation is the non-profit philanthropic arm of Temasek Holdings. To maintain confidentiality, the key controls over financial reporting relating to central payroll processes are reviewed by external auditors as part of the statutory audit of our group financial statements. She has also played a key role in nurturing a strong leadership bench in Temasek, several of whom have gone on to CEO appointments beyond Temasek. The Board has separate and independent access to information to assist it with its deliberations, including the opportunity to request supplementary or explanatory information from management. A. 2 CapitaLand Commercial Trust was delisted from the Official List of the Singapore Exchange Securities Trading Limited on 3 November 2020. Ho Ching joined Temasek in 2002 and was appointed CEO in 2004. We operate in a complex global environment influenced by multiple geopolitical and socio-economic forces. Management provides information to the Board on an ongoing basis, including minutes of key management committee meetings, to allow the Board to effectively discharge its responsibilities. CapitaLand China Trust Management Limited (Manager of CapitaLand China Trust) Temasek Holdings (Private) Limited (Director) Copyright Mediacorp 2023. Public Administration medal (Gold) (2005) Jaime Augusto Zobel de Ayala - Board of Directors - Globe It provides for accountability and a robust balance between empowerment and compliance. Boao Forum for Asia (Director) Samsonite International S.A. [35] The deal was a factor in exacerbating the Thai political crisis, which eventually led to the downfall of Thaksin and a review of the transaction's legality. Retiring Temasek CEO Ho Ching to be Temasek Trust Chairman - Yahoo News Our governance framework emphasises substance over form, long term over short term, and puts institution over self. NTUC-ARU (Administration & Research Unit) (Member of the Board of Trustees) Executive Committee (Member), Present principal commitments Perhaps above all else, Ho Ching will be recognised for her unwavering commitment to build Temasek as a trusted steward, committed to the highest standards of integrity and governance. Please enable JavaScript in order to get the best experience when using this site. MPH was established by Temasek, a Singapore-based investment company, to oversee the concept development for the rejuvenation of Mandai into an integrated wildlife and nature heritage space. [45][46], In 2021, Temasek invested in cryptocurrency exchange FTX. Commercial discipline Get the full list, Youre viewing 5 of 15 subsidiaries. Pradyumna Agrawal - Director @ Temasek Holdings - Crunchbase Singapore, 9 June 2014 - Temasek is pleased to announce the appointment of three Directors to its Board. Keppel Technology Advisory Panel, Keppel Corporation Ltd (Member) Temasek Holdings said that the appointments are part of a transition process following the recent retirement of former director Goh Yew Lin and the forthcoming retirements of Mdm Ho and Mr Robert Ng from the board. CapitaLand Mall Asia Limited (Director), Past directorships in listed companies held over the preceding five years The AC also has separate sessions, without management, with the external auditors and with IA. In a 2009 speech,[24] Ho Ching, Temasek Holdings' Executive Director and CEO, said that the company had made an effort to instill discipline and professionalism, and to be tested and measured by providing public markers of performance. Corporate Governance - Temasek The minutes of AC meetings are circulated to the Board. The minutes of ExCo meetings are circulated to the Board. Do you wish to change Cookie Preferences? Mr Dhanabalan said: Ho Ching has a deep and passionate commitment to so many community causes, and has been instrumental in Temaseks own stewardship journey over the past two decades., He added: I am very happy to welcome her, and see it as the right time for me to begin to play more of an emeritus role, supporting Temasek Trust in a slightly different way in the future.. With effect from 1 . He was instrumental in repositioning Temasek to better address new technology-enabled opportunities; adding Europe and the USA as key investment destinations, as well as adding depth and diversity to Temaseks Asia-centric portfolio. Lee Theng Kiat holds 2 board and advisor roles as Member, Board of Directors at Equinix and Director at Temasek Holdings. We are very pleased to appoint Dilhan to the role of CEO of Temasek Holdings. Theng Kiat served in the Singapore Legal Service for over eight years before joining the Singapore Technologies Group. - Temasek Holdings (Private) Limited (Director) - Tripartite Alliance Limited (Chairman) As an engaged shareholder, we promote sound corporate governance in our portfolio companies. Particulars (name, department, company) of the individuals believed to be involved/aware; Date, time period and place of alleged misconduct. Temasek International Pte. Date of appointment as Deputy Chairman:21 September 2021, Board committees served on SINGAPORE Temasek Holdings chief executive officer (CEO) Ho Ching will be appointed to the board of directors of the state investment firm's philanthropic arm Temasek Trust when she steps down from her present role on Friday (Oct 1). She noted that Temasek's bonds spreads and credit ratings have been regularly[25] and independently[26] monitored as public markers of Temasek's financial position and credit risks. By continuing to browse our site, you accept the use of cookies.Turn cookies on., View ourprivacy noticefor more information, This site uses cookies. He will concurrently hold his current appointment as Chief Executive Officer of Temasek International (TI). For more details about cookies and how to manage them see our cookie policy. Temasek International Advisors Pte Ltd (Senior International Advisor) The Public Service Star at the Singapore National Day Awards 1998. Contact us. "The Board decided we would ask her to join us, and to continue that commitment by leading Temasek Trust next year.". "I am very pleased that he will stay on the Board for a time as chairman emeritus, to share his experience, insights, and wisdom, as he has done for so long," she said. Three new directors will join Temasek Trusts board of directors from Jan 1 next year: Mr Benny Lim, Mr Teo Ming Kian and Mr Tow Heng Tan. To read more on corporate governance, please see A Trusted Steward in the Temasek Review. Mr Ajay Banga, executive chairman of Mastercard, will join the board on Friday, Ms Jenny Lee, managing partner at venture capital firm GGV Capital, will be appointed on Jan 1 next year. Current Board Directors include Mr Ng Kee Choe, Ms Chan Wai Ching and Ms Cheo Hock Kuan, CEO of Temasek Trust. Management provides information to the Board on an ongoing basis, including minutes of key management committee meetings, to allow the Board to effectively discharge its responsibilities. [9] It is an active shareholder and investor, with four key structural trends guiding its long term portfolio constructionDigitisation, Sustainable Living, Future of Consumption, and Longer Lifespans. The firm caters to industries including financial services, transportation, industrial, consumer, real estate, telecommunications, media, technology, and life sciences. Indeed, she has been very active, working over the years to identify various potential successors both inside and outside of Temasek. We manage our portfolio as an active investor and asset owner, with full commercial discretion and flexibility under the guidance of our Board. As an institution and as individuals, we act with integrity and are guided by our Temasek values.. Its key focus investment areas include Consumer, Media & Technology, Life Sciences & Agri-Food, and Non-bank Financial Services. Shanghai Commercial Bank Ltd (Chairman) Please select Stories you are interested in. Mr Robert Ng Chee Siong and Mr Bobby Chin Yoke Choong will join the Temasek Board with effect from 10 June 2014, while Mr Peter Robert Voser will take up his appointment on 1 January 2015. In that role, he has been responsible for the Investor role of Temasek, managing the investment and portfolio activities of Temasek. External parties outside Temasek who wish to report any alleged misconduct of Temasek board directors or employees can inform us through this form. Under his leadership, ST Telemedia expanded its footprint in the Asia Pacific region, the Americas and Europe. Ltd. (Director) Ltd. ("TI") and Head of Singapore Projects at TI. National University of Singapore (Member, Board of Trustees) Headquartered in Singapore, we have 11 offices around the world: Beijing, Hanoi, Mumbai, Shanghai and Singapore in Asia; and London, New York, San Francisco, Washington DC, Mexico City, and Sao Paulo outside Asia. This site uses cookies. Elite Commercial REIT | Board of Directors I have been privileged to be part of an incredible journey over these two decades at Temasek. Temasek Trust was established by Temasek Holdings in 2007. Three new directors will join Temasek Trusts board of directors from Jan 1 next year: Mr Benny Lim, Mr Teo Ming Kian and Mr Tow Heng Tan. He practiced law for over 20 years in the areas of mergers and acquisitions, corporate governance and general corporate law. Temasek Trust was set up in 2007 to give governance and financial oversight of Temaseks philanthropic endowments that fund the work of beneficiaries such as non-profit Temasek Foundation and Temasek Life Sciences Laboratory. Professor of Practice, Singapore University of Technology and Design, Date of appointment as a Director: 1 January 2022, Board committees served on 2. I am also happy that Theng Kiat has agreed to stay on the Board of Temasek Holdings as a non-executive director. Under her leadership, we set up Temasek Trust and Temasek Foundation as our philanthropic platforms to support public good and social causes in a sustainable manner over time. Audit and Risk Committee (Member) Business China Young Achiever Award in 2017. Temasek is an investment company with a net portfolio value of S$306 billion as at 31 March 2020. Under Singapores Constitution and laws, neither the President of the Republic of Singapore nor the Singapore Minister for Finance, our shareholder, is involved in our investment, divestment or other business decisions, except in relation to the protection of Temaseks own past reserves. The annual Board schedule includes quarterly two-day meetings, and additional meetings as needed, such as for significant large investments. [citation needed][20], Temasek is designated a Fifth Schedule[21] entity under the Constitution of Singapore, which imposes certain safeguards to protect the government's past reserves. Fifth Schedule entity under the Singapore Constitution. Win whats next. Lifetime Achievement Award in 2021 (Hotel Investment Conference Asia Pacific - HICAP). Upgraded but still having issues? Masters in Urban Development Planning, University College London Temasek Foundation International CLG Limited (Member) I am amazed by the collection of dedicated, hardworking and thoughtful folks who have been part of the journey since the founding of Temasek. National Order of Merit (Chevalier del'OrdreNational duMrite) in 2016 Lee Kuan Yew Centre for Innovative Cities, Singapore University of Technology and Design (Chairman) He is a member of Future Economy Council, an initiative by the Singapore Government to oversee future skills and innovation efforts to prepare for potential technological and/or economical disruptions and opportunities. Like Temasek, their boards, their leadership teams and the many men and women have helped their companies grow through the generations. (2008 . The AC met six times during the year. Ho Ching believes we have a stake in the well-being of our communities and the responsibility to exercise good stewardship through our contributions. They are an incredible team: not just todays team but through the many generations. Youre viewing 10 of 12 services to companies. [47] Following FTX's collapse in November 2022, Temasek wrote down the value of their $275 million investment in FTX to zero. Executive Resource Nominating and Compensation Committee (Chairman) The annual Board schedule includes quarterly two-day meetings, and additional meetings as needed, such as for significant large investments. CapitaLand Investment Ltd (Group CEO and Executive Non-Independent Director) [8], Headquartered in Singapore, it has 12 offices in 8 countries around the world, including in Beijing, Hanoi, Mumbai, Shanghai, Shenzhen; and London, Brussels, New York City, San Francisco, Washington, D.C., and Mexico City outside Asia. Protected Content Deputy Chief Financial Officer Executive Finance 1 email found Protected Content Chief Investment Strategist She took a Masters in Electrical Engineering at Stanford University in the United States in 1982. Peter Voser - Wikipedia She joined the Board of SPL and was appointed Deputy Chairman on 1 April 2021 and has been appointed Chairman with effect from 1 Jan 2023. CLA Real Estate Holdings Pte. They have already been making a huge difference in embracing a future that brings both threats and opportunities: threats that have been accentuated by this pandemic, but also opportunities which are greatly expanded and even accelerated by Covid. Board of Directors | CapitaLand The ExCo met seven times during the year. Itprovides governance and financial oversight of endowments for Temasek Foundation, Stewardship Asia Centre and Temasek Life Sciences Laboratory. CapitaLand Commercial Trust Management Limited (Manager of CapitaLandCommercial Trust2) The minutes of AC meetings are circulated to the Board. Singapore Airlines Limited (Chairman) Our Board operates on a commercial basis, with the added constitutional responsibility, together with our CEO, of protecting the Companys past reserves, given Temaseks status as a Fifth Schedule entity under the Singapore Constitution. Kyanite Holdings Pte Ltd (Director) CLA Real Estate Holdings Pte. Theng Kiat holds a Bachelor of Laws (Honors) degree from the National University of Singapore. For more details about cookies and how to manage them see our cookie policy. To continue, upgrade to a supported browser or, for the finest experience, download the mobile app. On behalf of the entire Board, I thank Ho Ching for her unwavering commitment to build a forward looking institution of character and reputation, he said. She is a strong supporter of special needs education and other community causes. (File photo: AFP/Roslan Rahman). Singapore Power Limited (Independent Director) . Audit and Risk Committee (Member) Contacts Job Department Search Contacts. The RSC coordinates with other standing Committees of the Board, such as the AC and the LDCC, in its oversight of risk and sustainability matters, where relevant. He was appointed CEO of Temasek International in 2019. Dilhan also contributes actively to the public domain. 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Master of Business Administration, Suffolk University, USA London Business School, Alumni Achievement Award (2004). We have a strong leadership team, with diverse capabilities, strengths and experiences. Mr Michael Lien is Deputy Chairman and Executive Director of Wah Hin & Company. Mr Ajay Banga, executive chairman of Mastercard, will join the board on Friday, Ms Jenny Lee, managing partner at venture capital firm GGV Capital, will be appointed on Jan 1 next year. My last eight years as an executive with Temasek have been truly an inspiring part of my career, and while the nature of my role changes, I am pleased to remain involved and support this leadership transition as both Chairman of TI and a Board Member of Temasek Holdings.. We're sorry, but there was an error processing your request. 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Dilhan is a proactive champion of change and innovation, both in and outside of Temasek. Chartered Financial Analyst (CFA) charter holder, Date of appointment as a Director: 1 February 2023, Present principal commitments Copyright 2022 Temasek Holdings (Private) Limited, Accelerating a Sustainable and Inclusive World, Developing a Diverse and Inclusive Institution, Adopting International Accounting Standards, Temasek Review 2022: Media Conference Recording, major investment and divestment proposals, Leadership Development & Compensation Committee. To continue, upgrade to a supported browser or, for the finest experience, download the mobile app. Mr Dhanabalan said: Ho Ching has a deep and passionate commitment to so many community causes, and has been instrumental in Temaseks own stewardship journey over the past two decades., He added: I am very happy to welcome her, and see it as the right time for me to begin to play more of an emeritus role, supporting Temasek Trust in a slightly different way in the future.. He was a Managing Director of Morgan Stanley and headed. Leveraging our Temasek ecosystem and our global network of relationships, I am confident that we are in a good position to embrace the opportunities, and face the challenges, of today and the future.
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