SGX listed, Temasek controlled Singtel runs into a serious governance problem : Singtel Optus Managing director Gladys Berejiliklian found to have engaged in serious corrupt conduct , but cannot be sacked because employment contract includes clause that allows her to keep her job regardless of an adverse corrpution finding

 by Ganesh Sahatevan 

The above has just been reported by The Australian . The TEN news channel has reported that  Berejiklian's  Optus remuneration package is estimated to be AUD 1 Million.

Optus is wholly-owned by Singtel, which is listed on the SGX, and has continuous disclosure obligations, so all of the above must be announced to the SGX.

Singtel is also owned by Temasek, so Temasek is now in a quandary, given the very high standards of probity expected of public officers.

Meanwhile, there are already questions about Berejiklian's conduct while at Optus.

To Be Read With 

Singtel-Optus director Gladys Berejiklian engaged in serious corrupt conduct
Singtel-Optus pays the price for not adhering to the Teh Cheang Wan standard ; contracts won by Gladys Berejiklain require review, in Singapore and in Australia
See https://lnkd.in/gdyMt3CV
https://lnkd.in/gTcfQecy

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