Few days back, I have read an article remarking that there shouldn't be cases where a regulator is also regulated. Thinking back... Singapore has plenty examples of a regulator being regulated. In my previous post, I have stated many examples where our government is a substantial shareholder of many of our utilities, telcos, property and transport. Now maybe you understand why our fares and bills never go down, but is forever going upwards?
Sure... They can say that they have a separate board, with someone to check them. Looking at it from another point of view, can you let a CEO of a public listed company sit in the renumeration committee?? Just by this existence of a regulator in a regulated company, there's already a conflict of interest, and it should not be there. Even our stock market is not spared. SGX is both a regulator, and being regulated...
Transparency?? Yeah right...
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