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5/17/2007

NKF Story - A kinder Singapore

Whatever had happened or caused to have happened, the NKF has turned Singapore into a kinder society. Richard Yong and Loo Say San both got a slap on the wrist after being found guilty of the charge for failing in their duties as directors. Each was fined $5000 for allowing a $1.3 million deal to go to waste. Though the $5000 fine was the maximum allowable other than jail terms, the judge said it reflected the 'gravity of the matter'. For a grave matter like the loss of $1.3 million, a $5000 fine is grave and appropriate. This is one step forward towards a kinder Singapore. If the punishment is too severe, we may not have any good men coming forward to serve in public service. There must be incentives to attract good people and talented people to serve the people. And from the judge's comment that Richard Yong was only an 'ornament' without any real understanding of what was going on when he went along to Chennai to negotiate the deal, it tells a lot about the talents in NKF. And even Loo Say San 'was not aware of NKF's right under the agreement'. Both instances said that they are not competent and thus should not be made to feel too guilty about not doing a good job. Their intention were good. They volunteered to serve the people in a charity. They are not aware that they were not competent to do the job. They were not party to a collusion or acquaintance to a crime. They did not benefit from the deal. The $5000 fine was thus very appropriate and we shall just move on. Case close. And NKF may want to offer higher pay to recruit better talents to run the show. Paying peanuts is what they get. If they want talents, they need to pay in the millions.

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