Tap into the international pool of talents

Comments on Terence Lee’s comments on “Managing China’s treasure trove – Singapore Style”, 7/09/2009, http://www.eastasiaforum.org/2009/08/31/managing-chinas-treasure-trove-singapore-style/

I think maybe a gradual process would be better, in the sense that to have some non-citizens to be on the board of some SWFs, or even a deputy chair of the board role to start with. They may not necessarily play the CEO role for a while, but their skills and expertise can be employed and tested.

To have successful arrangements to take advantages of the international pool of talents, there needs a process for confidence building for both sides including the host government and the key international candidates.

In that process, the host country needs to develop some transparent and practical principles governing the operations of those funds and their managers. It also needs to have in place the most appropriate remuneration incentives to ensure the funds are properly managed.

Peter’s basic idea may still be a good one and should be explored by China rigorously.