They say T is not swf.
then i like to know what it is it called?
a company is either:
1. public-listed company : shareholders, board of directors, chairman etc. dividends are distributed to shareholders.
2. private company : owners and partners and shareholders. need not disclose like public-listed ones.
so, which category does it belong to and who owns the company if its not a swf ? A company that has no owner? A company that has no shareholders? then who audits it based on international audit standard? who knows what is happening to its financial situation, investments and is there anything to be concerned about? trust?
can a company have no shareholders and owners but employees who will diligently do the legal and right thing without external audit?
someone can clear my doubts?
a holding company owned by the government of singapore.
invests purely on commercial considerations.