He is the second person to announce his intention to run for the Singapore presidency. Read more at straitstimes.com.
SINGAPORE - The issue of what exactly makes up presidential hopeful George Goh’s company shareholder equity – as well as Ossia International’s repeated attempts to exit the Singapore Exchange Securities Trading watch list – raises questions over whether he qualifies to join the race, said political observers.
However, law academics Eugene Tan, who is at the Singapore Management University , and Kevin Tan, who is from the National University of Singapore , suggested that Mr Goh may use the “private-sector deliberative track” to prove his eligibility. “There is no reason why he can’t combine a number of companies that make up $500 million in shareholder equity, provided that he has been running them simultaneously for the last three years at least,” said Prof Tan.Dr Mustafa Izzuddin, senior international affairs analyst at Solaris Strategies Singapore, said the eligibility decision lies with the PEC, whose members “can exercise collective discretion on the criteria in place”.
He said: “Regarding his other portfolio companies, the requirement is quite clear that it needs to be a person who is the most senior executive. One would assume holding a co-founder role or majority shareholder alone is insufficient, if it’s not in a senior executive capacity that is equivalent to CEO.
“It just means that Ossia may not look like an actively traded company, and maybe it is better to delist it.”
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Entrepreneur George Goh, who brought Harvey Norman to S’pore, announces bid to run for presidentHe is the group chief executive of Ossia International, a company that deals in products such as footwear and apparel Read more at straitstimes.com.
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