Reform GIC and Temasek

Nilesh Sahita analysed the problems of GIC and Temasek, Singapore's soverign wealth funds, and suggested twelve changes that would reduce the possibility of repeating the investment mistakes that were made during the last financial crisis.

I think calling them "changes" don't quite do them justice; the suggestions are really reforms that will completely change the nature of GIC and Temasek. Some of my favourites from the list are:

• Merging GIC and Temasek
• Reduce the amount of risk it can take on, ("Wealth Preservation" instead of "Wealth Maximisation")
• Re-constituting the Board to include the President and the Finance Minister
• Require the new entity to adhere to disclosure standards that is asked of every SGX-listed company

I don't see a single bad item on the list, but I'm layman and don't even play a investment guy on this blog, so feel free to point them out if you see any.