Wednesday, July 13, 2005

Need for transparency in charitable organisations!

This is supposed to be a blog for crafts stuff and such but I'm truly disturbed by NKF's CEO!

I can understand if a CEO is paid $25k but a 10-12mth bonus? That's really ridiculous considering the fact that NKF is supposed to be a charitable organisation.

The NKF should justify to the public as to why TT Durai deserves such a big bonus! It's not as if he helped NKF to make lots of money, unless you consider getting people to donate "earning money". If that's the case, it's even more reason why he should not get the bonus cos people are donating to the charity and not for him to have a 10-12mth bonus!!!

I can't understand why NKF pays road tax for his merc when it's being driven by his wife! I think it's sufficient if they were to reimburse him per trip or for any parking charges. Although the board authorised him to travel business class, he travelled 1st class on other airlines. Although he didn't exceed the budget but the main issue here is he was only entitled to travel business class!

It feels like they're trying to hide information from us. NKF claim that the donations will not last more than 3 yrs, but this is only if they subsidise the full costs, but they don't, so calculations should have been made with considerations to the fact of partial subsidies!

And as for Mrs GCT, who considers TT Durai's salary and bonus to be peanuts, if this is the pay of a CEO from some MNC i got nothing to say but this money comes from the public!! Unless she donates this kind of money every year I'm shocked that she can actually say such a thing! I'd give Mr GCT respect, but her, for saying such a thing no way man!!

A big thanks to ST who chose to fight this lawsuit and to their lawyer for digging out all these "private" information. Sadly it came a little too late for all those people who regret donating as all the NKF shows are over.

The only way to prevent such issues from happening again is to have some sort of a check in place and to have more transparency, so that public's trust won't be misplaced!

3 comments:

cc said...

When is it going to be City H*****t Church's turn?

All that amount of money donated by the gullible, for the glory of the rich pastor and his wannabe wife!

Micifer~ said...

yea, im totally disgusted towards NKF! is a CHARITY organization, not BUSINESS!!! NKF, get ur values right!!

~ling~ said...

ya ya....disgusted by 10-12mth bonus..imagine if CEO earns so much bonus..e staff below him..must have more than 3 mths bonus too...
wow kao...
damm..