1,200 companies meet shareholder equity bar for their CEOs to be eligible for presidential election

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SINGAPORE — About 50 public-service positions meet the public-sector service requirement to contest Singapore's next presidential election, said Minister for Education Chan Chun Sing. Within the private sector, the pool of candidates who qualify to be elected as president grows dramatically. 'There are currently more than 1,200 companies with average shareholders' equity at or exceeding $500 million,' said Chan in...

The question of who qualifies to run for president is pertinent, as the presidential election is due by September this year.SINGAPORE — About 50 public-service positions meet the public-sector service requirement to contest Singapore's next presidential election, said Minister for Education Chan Chun Sing.

A person who seeks to qualify by meeting the private-sector requirement has to have served as chief executive of such a company for at least three years, which means the pool is likely to be smaller than 1,200. A qualified candidate to run for president not only has to be a Singapore citizen, but also has to have lived in the Republic for at least a decade in the lead-up to Nomination Day.

 

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