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Friday, May 30, 2008

Management expenses

Dear Mr. Tan,
I want to support your protest against the NTUC bonus cut. The bonus cut is just benefit of the manager only, because the take all the expenses first, spend all first, then only give us back a some small portion.

Thank you for your effort. I don't think you are take credit, like others say. I think you are doing a good thing to us.

KM

REPLY
I have decided to call off the Collective Protest. I will continue to monitor the developments and make sure that the interest of the policyholders are protected. Let us leave it to the board to monitor the management expenses.

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