by MIKOspace
Reflections on Purported
Forensic Investigations by the major public accounting firm Ernst&Young
into possible financial improprieties and misconduct at the highest levels of
the Nanyang Technological University (NTU).
Good
Governance is not natural or automatic. The promotion and maintenance of good
governance is not easy. Powerful
financial forces act to corrupt power and trust to erode and succumb
feeble-minds to the temptation of greed and corruption. An unspoken “social contract” exists between
public officials and the Singapore people whereby we “The People” can expect
public institutions to put the interests of the many over those of a few,
including themselves, as they exercise wise judgment in decision-making in
accordance with the inherent principle of Trusteeship when advancing the
economic, social and moral needs of an ethical and caring society.
Whither therefore the truth
and nature of purported forensic investigations by the major public accounting
firm Ernst&Young into possible financial improprieties and misconduct at
the highest levels of the Nanyang Technological University (NTU)? Would the Report, if available, be made public like
the one concerning the National Kidney Foundation some years ago?
Of
greater importance and public interest is whether public integrity watchdogs
and enforcement agencies like the Commercial Affairs Department (CAD) and
Corrupt Practices Investigations Bureau (CPIB) would follow up on the Report,
if any, to evaluate whether any laws were breached and whether anyone should be
charged for corruption or other heinous breach-of-trust offences, or they had
abused their entrusted power for private profit.
If
the purported Ernst&Young Report indeed revealed breaches of laws, it would
not be surprising. On several occasions,
it had been mysteriously bizarre as to why NTU Senior Management chose to
ignore relevant legal boundaries with such impunity even after these have been
pointed out them. {Read More}
Would
the purported Ernst&Young Report on NTU uncover other instances of
corporate misconduct or breaches of established corporate governance
rules? Hopefully, no. I shudder to think of the shameful publicity
and ramifications that would result from such scandals on the fine reputation
of NTU.
We
must guard the integrity of public institutions jealously. Corruption takes
over when we allow our national institutions to be subverted by unprincipled
public officials or public employees determined to abuse their power, position
and prestige for personal profit and gain.
Kopi Level - Green
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Full Article:
Name and shame the management. Deliberately getting rid of local staff and replacing them with foreign staff ust to boost ranking ? What the fook ! No wonder so many local PMETs are unemployed !
ReplyDeleteAnother corruption scandal to round up the year to usher in our 50th Birthday!
ReplyDeleteHeadline: Top Asian University in Real Scandal.
Who's in charge of NTU, again?
Whether NTU has good corporate governance or not, or corrupt or not, is beside the point.
ReplyDeleteThe point is whether the Sinkie opposition is even ready to be govt, let alone be a better govt to ensure good corporate governance and prevent corruption.
If not, will majority (aka 60%) Sinkies ready to vote PAP out next GE, u tell me lah?
Maybe PAP now can tolerate a little corruption among govt employees in univ and civil service.
ReplyDeleteHigh salaries are never enough.
U attracted people by money, they will be tempted by money - it is the natural law.
Men-in-White must now change uniform colour to Grey. Become MIG now.
Opposition are no better - if MP pay is not so high, will the opposition still be interested?