tag:blogger.com,1999:blog-12908820.post112130778685771286..comments2024-03-14T22:55:24.426+08:00Comments on Mr Wang Bakes Good Karma: Here is the Accountant's Way of Looking At ItGilbert Koh aka Mr Wanghttp://www.blogger.com/profile/01027678080233274309noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-12908820.post-1121497108588174182005-07-16T14:58:00.000+08:002005-07-16T14:58:00.000+08:00Why is NKF even having a corporate identity or cre...Why is NKF even having a corporate identity or creating an expensive corporate culture? They are a charitable not-for-profit organization whose main source of revenue is donations from the Singapore public. Then in all that's holy, why is Durai flying at all? Why does NKF have a massive huge commercial building? And why is Durai being paid the salary of a commercial CEO? The public donated the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12908820.post-1121323575957914652005-07-14T14:46:00.000+08:002005-07-14T14:46:00.000+08:00NKF can in fact reduce its spending without compro...NKF can in fact reduce its spending without compromising the welfare of its patients. Isn't it clear by now that they have been spending on many other things besides? <BR/><BR/>And yes, Mr Wang. I wholeheartedly agree with a previous comment you made, that besides Durai, the practices of other members of top management should also come under scrutiny. In my imagination, some of them are Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12908820.post-1121322885065147452005-07-14T14:34:00.000+08:002005-07-14T14:34:00.000+08:00Thanks for this commentary and analysis. It reall...Thanks for this commentary and analysis. It really shows that the NKF is not a charitable organisation at all.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12908820.post-1121315535085903272005-07-14T12:32:00.000+08:002005-07-14T12:32:00.000+08:00Andy,Why would a charity need reserves that can la...Andy,<BR/><BR/>Why would a charity need reserves that can last for 30 years?<BR/><BR/>A charity would only need that if it felt that for the next 30 years, it would be unable to get any donations from the public.<BR/><BR/>But that is ridiculous. <BR/><BR/>When Davinder Singh tells you that NKF has reserves to last for 30 years, don't forget that what he means is:<BR/><BR/>NKF can completely stop Gilbert Koh aka Mr Wanghttps://www.blogger.com/profile/01027678080233274309noreply@blogger.comtag:blogger.com,1999:blog-12908820.post-1121315109203354972005-07-14T12:25:00.000+08:002005-07-14T12:25:00.000+08:00I did not really keep up with the news last year, ...I did not really keep up with the news last year, but if I am not wrong, there is already something on the cards about legislative changes to compel charities to make better disclosure of their finances to the public. Not sure if those changes have come into effect yet.<BR/><BR/>Durai's case raises many problematic issues. Unfortunately, I don't think it is so easy to separate Durai from NKF. He Gilbert Koh aka Mr Wanghttps://www.blogger.com/profile/01027678080233274309noreply@blogger.comtag:blogger.com,1999:blog-12908820.post-1121314926202397332005-07-14T12:22:00.000+08:002005-07-14T12:22:00.000+08:00Hmmmm.... But NKF is in for a long term when it de...Hmmmm.... But NKF is in for a long term when it decided to take in patients. They cannot reduce spending whenever they like, as that would affect they people they serve. <BR/><BR/>However I do feel S$262 million is way too excessive. The portion of $ which goes to patients is also too little.Anonymousnoreply@blogger.com