The Government of Singapore Investment Corporation Pte Ltd. Its name is so confusing... is it owned by the Government? or it's a Private Company? There it came clear at the end of the trip - it's initiated by the Government of Singapore, and it's engaged by the government to manage the country's reserves! It has a strong board include big names like MM Lee, PM Lee, and some cabinet ministers. And... it has one and only one client, that is, the Singapore government!
Some pointers from the various presenters
Qualities:
Analytical & Quantitative Skills
People Skills
Sound Judgement &
Decision making - making decision based on INcomplete set of info; to be
comfortable with uncertainty
Initiative
Responsibility &
Accountability
Integrity - stick to the decision, even if it goes wrong
Communication skills - Precision &Clarity
Leardership: Collaboration + Consensus + Cooperation
Components to Global standards:
Policies & Practices - the need to contextualise
Processes
People
Performance
Characteristics (the Singaporean experience):
Insular
Self-Confident
Permissive or Authoritative
Communication
Think Agility (learn & Relearn)
Enterprising
Implications:
Look outwards
Recalibrate all the benchmarks - Performance, Benefits, Pay, etc...
Innovate as one goes along
Adapt, adapt, adapt
Paradigm Shift:
Autonomy vs Governance
Deision Making vs Accountability
Adaptive vs Assertive Leadership
Facilitative vs Authoritative Leadership
Facility Management: Guiding Principles - 3Cs
Cost - cost effective yet meets business needs
Comfortable & Convenience - user experience
Continuity - robust
Importance of Training
Competitive Industry - needs skills to compete against the best
Constant changes - new markets, asset classes, instruments
Organisational coherence & sustainability - corporate values
Focus of Training
Organisational values
Professional skills
Technical & Soft skills
Managerial & leadership development
>> Staff Performance Appraisal
>> Target Setting
>> Staff's Training Roadmap - taking into account: Background (staff training history), Dept's training roadmap, Organisation's Training Roadmap
>> Plan implemented with Training unit
>> Training history updated
Training of the Associates Programme
>> Training on Technical & Soft skills
>> Staff Interaction & Bonding
>> Organisation culture & values
through...
>>>>> classroom lectures & exams
>>>>> Bourse Game (investment games)
>>>>> Rotations to Depts
>>>>> Social events (lunches, BBQ, bowling)
Leadership position...
Personal Effectiveness, Interpersonal Skills and Management Skills
>> Understanding one-self & others
>> Managing your EQ
>> Working in Team & Group Decision making
>> Communication & Conflict Management
>> Gaining Self & Interpersonal Awareness
>>>>> Seeking the GIC Leadership DNA <<<<<
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