Practise accountable and transparent work processes if Temasek wants to avoid more investment officers' insider trading in future as given below:-
Today, actually in the advent of computer and technologies, many tasks can be performed in objectively planned processes defined in quality-time-cost relationships with self-regulated efficiency, productivity, accountability and transparency.
Traditional tasks are already managed accountably and transparently as in on-line banking, real-time accounting, e-trading, travel-ticketing, CAD-CAM designing, tradenets, e-logistics, stock-trading, telecommunications etc.
DOABLE WORK PROCESSES
Hence, administrative tasks can be performed in processes, namely: (1) Study of Ideas, (2) Enquiry, (3) Securing Contracts and (4) Contract Administration (Operations) to facilitate process performance.
Operational tasks in step 4 can be divided in core activities in ten departments, namely: 1.(General) 2.(Human Resource) 3.(Revenue) 4.(Accounts) 5.(Marketing) 6.(Services-all outsourced activities) 7.(Facility) 8.(Enforcement) 9. (Production) 10.(Compliance) for efficient time-scheduled accountable management under respective one-page department reports as follows:-
1. Identify 3-4 Core Activities in department.
2. Define each core activity in 2-3 quality-time-cost parameters.
3. Perform tasks to attain parameters.
Such core activity - parameter processes will generate performance feedbacks of “1”, “2” or “3” (or percentages) representing “non-attainment”, “attainment” and “excellent attainment” of parameters.
It is possible to prevent and discover any problems given such process feedbacks of variances or "1s" at close weekly (say Friday 1630 hour) through a two-way interactive communication task-line.
SEQUENTIAL WORK FORMS
Hence, all departmental tasks will be able to coordinate (1) manpower, (2) programs, (3) equipment and (4) schedules in self-regulated task relationship with mass participation and practical knowledge application.
Government can ensure that all (1) investment strategies, (2) industries and (3) schedules are well laid out supported by detailed result-oriented work processes.
Leadership ultimately is the ability to empower all to translate all goals into attainable tasks while attaining accountability and transparency without too much regulations, handbooks, SOPs, bureaucracy and controls that only stifle growths, creativity and entrepreneurship.
TOTAL MANAGEMENT – COORDINATION AND KNOWLEDGE-BASED MANAGEMENT
Under objectively planned logical work processes, anything abnormal could be detected easily due to variances being self-generated by objectively planned: (1) administrative forms, - head office (2) department reports - operations (3) work forms (detailed quality-time-cost) with equity, accountability and transparency to produce results and good governance.
