Businessman and presidential hopeful George Goh has heard many “angry people” complain about the criterion for private-sector candidates to enter the presidential race. A candidate needs to have run a company with $500 million in shareholder equity for three years, and...
In an hour-long interview with The Straits Times, Mr Goh talks about how his private-sector experience gives him an edge over presidential hopeful and former senior minister Tharman Shanmugaratnam.I looked at the job scope of the president. No. 1, a ceremonial role… who is coming in, who is going out, who is supposed to be sent out, who is supposed to come in, it’s all been prepared very well beforehand… and we already had the system for many, many years.
Safeguarding the reserves… it’s only when it comes to withdrawals of the reserves, the president has the second key to look into it. When you’re going to make a withdrawal, you must fully understand how the funds are moving about. For me, because I’m from the private sector and not from the establishment, I will look at the figure more objectively. I’m not worried about part of .
The private sector, when you have a $500 million equity, most likely, your organisation is across quite a lot of international companies in a lot of countries. You have to meet international bankers, lawyers, auditors and politicians. So, we know how to deal with these groups of people. So if you combine the two – public service where I a few years, and 41 years in the private sector – if you look at my opponent, he only has one, the public sector. Where is his experience of the private sector? He doesn’t have it.
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