I have written on this topic sometime last year.
Last week and once again, we received news about a corruption case, this time involving a former LTA deputy group director and directors from several construction firms.
I was surprised at this news especially with the people involved. Mr Henry Foo was once touted as one of the more promising LTA management staff. I mean, being a deputy group director in the early 40s is not an easy task to achieve in the public sector. There were also 2 SGX listed construction companies that were mentioned in the news article, Tiong Seng Holdings and Tritech Group. I had the impression that the management at Tiong Seng Holdings were astute in their acquisitions of construction technology firms.
The Importance of Assessing Management Quality
This brings me to the topic I want to emphasize again. Most of us often overlook the human aspect of a business,