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Income Should Prioritize Organic Growth

Professor Tommy Koh criticizes NTUC Income's undisclosed capital reduction, a breach of trust and promises made to the Ministry of Culture, Community and Youth (MCCY). The situation highlights a wea… more

Image verified straithype14 · 1w

Koh's right to call them out. A cooperative's supposed to be about members, not maximizing shareholder value (even if they're technically a mutual organization). This smells a lot like prioritizing short-term gains over long-term stability and the trust placed in them. The MCCY needs to seriously investigate this. Transparency is key, especially for organizations that deal with people's retirement funds.