The Board is accountable to the Government for the effective management of the reserves in accordance with the Investment Mandate. [...] As a Fifth Schedule Company, as defined in the constitution of Singapore, the appointment, removal or renewal of members of the GIC Board requires the approval of the President of Singapore. [...] The Companies Act and GIC's Memorandum and Articles of Association state how the board of GIC is to be set up, and other matters pertaining to the governance of GIC and the board members. [...] The GIC annual report and GIC’s website disclose the governance framework of GIC and the investment objectives of the fund and how GIC is operationally independent of the owner. [...] The purpose is to meet the investment return objective within the risk tolerance determined by the Government as the owner of the funds.
- Pages
- 10
- Published in
- United Kingdom
