淡马锡宪章英文版.doc

Temasek Charter Temasek Holdings holds and manages the Singapore Governments investments in companies, for the long term benefit of Singapore. By nurturing successful and vibrant international businesses from its stable of companies, Temasek will help to broaden and deepen Singapores economic base. Temasek will work with its companies to: (a) Values Promote and maintain a strong culture of integrity, meritocracy, excellence and innovation; (b) Focus Foster a strong focus on core competence, value creation, customer fulfilment and shareholder returns; and divest non-core businesses, so as to maximise long-term shareholder benefit; (c) Human Capital Nurture and cultivate a strong and internationally competitive cadre of board and management leadership, as well as outstanding employees to build successful businesses; (d) Sustainable Growth Support and institutionalise high standards of business leadership, financial discipline, operational excellence and corporate governance to achieve scaleable and sustainable growth; and (e) Strategic Development Shape strategic developments, including consolidations, mergers, acquisitions, rationalisation or collaborations as appropriate, to build significant international or regional businesses. Temasek will divest businesses which are no longer relevant or have no international growth potential. Temasek may also, from time to time, invest in new businesses, in order to nurture new industry clusters in Singapore. Elaboration Background (1) Temasek Holdings was formed in 1974 as a focal point to hold and manage the Singapore governments investments in companies for the long-term benefit of Singapore. (2) Many of its businesses have their roots in the history of Singapores economic development. For instance, Singapore Airlines was formed through the de-merger of Malaysia-Singapore Airlines after Singapores separation from Malaysia, and SembCorp Marine evolved from the commercialisation of the naval dockyard facilities w