Temasek CEO Ho Ching talks succession and compensation

At a lunch in Singapore yesterday Ho Ching, executive director and chief executive officer of Temasek Holdings, discussed Temasek's investment allocation strategy, compensation practices and current thinking about a new CEO after Chip Goodyear's shock exit a few days ago.

She emphasised that Temasek is a long-term investor, driven by enhancing long-term value. We don't intend to raid the larder, nor sell the family jewels, for short-term gains, said Ho. We will jealously guard our interests, and will invest, rationalise, consolidate or divest where it makes sense.

Ho was nostalgic, referring both to her earlier speech at the same forum, the Institute of Policy Studies corporate associates lunch five years earlier when Temasek celebrated its...