12/20/2007

I nominate Lawrence Lee Liang Wei

I nominate Lawrence Lee to sit in the Board of LTA. He wrote a letter to the ST forum supporting the taxi fares hike, like I do. He also agrees that we should not begrude taxi drivers the right to earn a good living. He quoted his LA trip which cost him US$105 for a 15 min trip and $22 in Hongkong for a 10 min trip. He also said that we should compare with comparable countries and not against third world countries or we will be biased. And looking at the responses in the media, most of the taxi users are not too perturbed by the recent hike. They are only angry because it does not improve the availability of taxis. So my proposal of a $10 flag down fare is still an excellent suggestion. With that they can do away with the call surcharge as this is nonsensical. Taxi drivers save petrol by parking somewhere waiting for calls and then collect extra charges. Just give them the $10 upfront and they will be scrambling for passengers.

12/19/2007

Corporate Governance hitting the headline

Today's frontpage article is on Corporate Governance. And I particularly like this quote from Morene Sim, executive director of Student's Care Service. 'We have a long history, so we have had the benefit of time to put in place best practices over all these years. This code just helps to achieve some degree of standardisation.' Yes we have a lot of time. Is this code of practice in the right place at the right time? How many places still sorely need this code of practice? Some may say the answer is quite obvious. There are many places where corporate governance is totally absence or pretend to be there.

Dr Surin calls the people to check their govts

The key issue in Asean in Vision 2020 is 'The disconnect between the state and citizens' according to Nazry Bahrawi. 'Asean must not remain aloof and disconnected from our people - our power base and our source of legitimacy...The people must demand that their governments and govt agencies be accountable for progress - and the lack of it - in their respective countries.' Said Dr Surin Pitsuwan, incoming Sec Gen of Asean. He should add that Asean countries need look no further. Just look at Singapore and use it as the role model of a high connect between the people and govt. Everything runs smoothly in Singapore and the people are fully behind the govt. Asean countries should send more missions and govt officials to study and learn from Singapore.

12/18/2007

Man needs God

Any organisation, system or country, there is a need for an independent body to act as checks and balances. Without the existence of such a body, it is foolhardy to expect man to check himself. Leaving man alone to his own device, his ego and arrogance will lead him to his own destruction. Without God, madness will triumph over all man. That is why they said 'the world will go round and round' or history will keep repeating itself.

A simple comparison of salaries

A 50 year old CEO with an annual income of $2m quits his job. His total income will be $2m plus perhaps another $2m for severance pay. $4m! A 50 year old Minister with a similar income quits, assuming he is entitled to a $1m pension and lives till 85, his total income will be $2m plus $1m x 35 years or $37m! And he stands to earn the additional $35m without having to lift a finger for the next 35 years. It could be more if he lives till 100 years, another $15m. I would want to apply to be a minister. I don't mind the cursing and swearing at me everywhere, I don't mind the sick jokes on me, I don't mind at all. It is a little sacrifice. It is ok. And I don't mind the hard work. I can still tell myself that I am working for the good of the people and country. Just pay me the millions. It is worth every cent.