maybe singapore should thank durai

without nkf, there will be no respect for corporate governance. it will still be a form rather than substance concept. without nkf, all the hypocriscies will not be exposed. without nkf, there will be no revamp of checks and balance procedures. without nkf, singaporeans will still be as gullible as children. without nkf, many people will still be gaga over efficient, professional and highly qualified people and people with big names. without nkf, all the wolves in sheepskin will still be walking with their heads in the clouds. without nkf, people will still believe paying high salary will ensure honesty. without nkf, many people will still be sleeping. complacency. without nkf, the party will still go on. we must thank durai and nkf for the shake up and for making singapore a better place. there is this saying that your enemy is your best teacher. i am not saying that durai is anyone's enemy. it may be his karma to contribute to society in this way. on first impression there is a lot of harm. but the aftermath is a lot of good.

what nkf says

1. corporate governance is a serious thing and must be seriously implemented with truly independent directors. the directors must be appointed by an independent body. not internally like i know you, he knows yo, so i appoint you. 2. highly trained and capable professionals are not necessarily good men. 3. paying crazy sums of money does not ensure honesty. or maybe nkf did not pay enough. no one knows what is the price to pay enough. 4. big names are equally flawed as human beings. 5. people who appear to be decent and honest may not be so. 6. no one or organisation must be allowed to run away from responsibility and accountability. anyone or organisation appointed to hold office or tasked to do a job must do the job or be held accountable. 7. no one or organisations can be trusted. 8. transparency is fundamental to accountability. 9. a big house cleaning is needed in all public organisations.

nkf: immediate things to do

the first thing that nkf should do is to claim back all erroneous payments due to miscalculations or wrong decisions. these should include leave computations, overtime claims, payment for weekends and overtime during overseas trips, and payments for claims that were not supported or approved. and also unauthorised payment to staff. these are legitimate claims that nkf can demand from its staff. if they do not know how, i will volunteer my service for free. never mind if people laugh and say only fools work for free and good talents must be paid well.

nkf: one good man and one good woman

kpmg has more or less put all the blame on one man, t t durai, for his imperious way in running nkf. is that so? are the exco and board of directors all men or fools? look at the hands in the kitty! was there a big birthday party? for the innocents, it is unfair for their reputations to be ruined by the guilty. what you need is one good man to turn off the music. sadly he was not around. the one good man came in the gold tap contractor, plus one good woman, susan long.

the nkf affair

i hear silence.......................................... all the insignificant people in the street, stop whining. my wife took out her little saving and count, one dollar, two dollars, three dollars....to make one phone call to the nkf. they splurged and squandered in hundreds of thousands, and millions away. so sinful. so wasteful, so painful.