Temasek Holdings and its Governance of Government-linked Companies

The case chronicles the development of Temasek Holdings, an investment company owned by the Singapore government from its inception in 1974 to 2015. It describes the different roles undertaken by the company in Singapore's economic transformation. Temasek functioned by the philosophy that its portfolio companies’ decision-making process had to demonstrate transparency and accountability, which were brought about by institutionalizing good corporate governance practices, and not through its own participation in the management of the entities.