t Double Yellow's Musings: NKF in the Spotlight, Again
The warped mind of Double Yellow craves for humor everyday. His daily dose comes from The Straits Times, The Sunday Times, Today, Channelnewsasia, etc. He also thinks that because of this preamble, this blog will never get featured in the local media. And of course, please read the Disclaimer before embarking on the journey.

Tuesday, December 20, 2005

NKF in the Spotlight, Again

The independent auditor’s report on NKF is out. It was filled with bad stuff, stuff that Singaporeans don’t really want to hear before an election.

I didn’t really bother reading the report. I mean, why should I when our ‘unbiased’ media clearly tells me who the bad guy is. And it also tells me who the good guy is. Yes, there is a good guy lady in the NKF saga you know. A bit unaware perhaps, but according to our media, good. Oh, the good person issued a statement that said...

I only learnt how much Mr Durai was paid when his salary was made public during the court hearing of his defamation suit against SPH in July this year. I was not a member of the NKF Board or its Executive Committee. As Patron, I had no authority to endorse the salary paid to Mr Durai.

Interesting. First time hear about $600,000 salary and call it peanuts. I am at a loss for words… :)

One thing stood out in the newspapers about the KPMG report... that one man was the centre of power.

'Mr Durai drove the NKF and as a result of such trust and confidence placed in him, all effective power centred around him. This made meaningless the facade of a hierarchy of the checks and balances which were ostensibly in place in the NKF's organisational structure.'

The similarities are too alike to miss :) I just hope that we do not hear these very sentences about another man sometime in Singapore’s future :)

Update: There is a lot of anger against the NKF out there. One way to show to it is to protest on the streets and show those Hong-Kongers that we Singaporeans are King Kongers and we are better than them. But of course, you must be prepared to say hello to Queenstown Remand at the same time :) Another way, and in fact my preferred way, is to turn the anger into humour.... chanced upon this super Christmas Carol,

NKF (sung to the tune of Jingle Bells)

NKF
NKF
Durai all the way!
O what fun it is to ride
On a first class plane


Flying in the air
On a first class plane
Over the clouds we go
Laughing all the way;

Money from public calls
making spirits bright
What fun it is to ride and sing
A fucking song tonight

NKF
NKF
Durai all the way!
O what fun it is to ride
On a first class plane

Now the truth is out
Escape before you're caught
Take the peanuts along
And sing this fucking song;

NKF
NKF
Durai all the way!
O what fun it is to ride
On a first class plane

8 Comments:

Blogger mooiness said...

"This made meaningless the facade of a hierarchy of the checks and balances which were ostensibly in place in the NKF's organisational structure."

Oh man the similarities between NKF and the umm "unmentionable" ... heh. Spot on. ;)

And the lady too - wow, I wonder about these ppl. It's like they don't remember what they had said earlier on. Memory problem perhaps?

To be fair to Mr. Durai there's no way the board can claim ignorance on his pay and outragerous expenses - all high level executive remuneration have to be approved by them. Their claims of innocence are plain ridiculous.

7:48 AM  
Blogger doubleyellow said...

haha mooiness, i was talking about my uncle who controls his family like a tyrant... who were you thinking of? ;)))

yeah, although people can claim ignorance now, its going to be very hard to convince the public. it still remains undecided if criminal charges will be laid out against the ex-CEO...

2:32 AM  
Anonymous JK said...

lol..didn't know that my christmas carol is 'super' =)

5:05 AM  
Blogger doubleyellow said...

hahah JK, you can guess what I'll be singing on Christmas day :)

8:36 AM  
Blogger FixCon said...

This time NKF has finally taken the full plunge. It's gonna take time for them to recover now. Let's hope such audacity will not happen again in Singapore. But then again, this incident will not only affect NKF. Watch for any charity show that is coming up next and see how will the response be like :)

7:51 PM  
Blogger doubleyellow said...

hey fixcon, agree that public trust has eroded and will take a long time to recover.

But I hope that this call for transparency is not limited to charities alone... every organization needs to instill a code of good governance to win customers and public trust.

8:06 PM  
Blogger FixCon said...

haha The other organization must have have learnt something valuable from here. Never sue SPH :x Unless you want to get exposed and decided to retire :P

6:26 AM  
Blogger doubleyellow said...

hey fixcon, agree wif you... if there is one organisation to be feared from the NKF saga, its SPH !!

7:21 AM  

Post a Comment

<< Home