[Bluebull]

PEC on TKL’s eligibility

The PEC is also satisfied with Tan’s experience and performance when he was chief executive of NTUC Income. “The committee is satisfied, having regard to the nature of Mr Tan’s office in NTUC Income Insurance Co-operative Limited, the size and complexity of (the company) and Mr Tan’s performance in the office, that Mr Tan has experience and ability that is comparable to the experience and ability of a person who has served as the chief executive of a typical company with at least S$500 million of shareholders’ equity and who satisfies Article 19(4)(a) of the Constitution in relation to such service,” said ELD.