His team advised him that the 'stable of companies which he manages, taken together, would enable him to qualify'. Read more at straitstimes.com.
SINGAPORE - Presidential hopeful George Goh has defended his eligibility to run for President, stating that he has formed a team of professionals to gauge his qualifications.
“Mr Goh did not enter the contest on a whim. It was a decision made seven years ago after he saw that changes to the Constitution stacked the chances against a private sector candidate, especially businessmen, contesting the election,” Mr Goh’s media team said. Questions over Mr Goh’s eligibility to run for president have been raised since the group executive chairman of Ossia International threw his hat into the ring andTo fulfil the private sector requirement, a person must have served as chief executive of a company for at least three years, during which time the company must, on average, have at least $500 million in shareholders’ equity and made a profit after tax throughout. The three-year period has to be the most recent such period.
According to market data from The Wall Street Journal, Ossia International, which distributes and retails consumer products, averaged about $50 million in shareholders’ equity from 2021 to 2023.
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