Changes to elected presidency, NCMP schemes tabled

Singapore

THE new threshold for private-sector candidates seeking to contest future presidential elections - that they must have held the most senior executive position in a company with a minimum of S$500 million in shareholders' equity - will be reviewed every 12 years or sooner.

A committee comprising the members of the Presidential Elections Committee (PEC) must carry out a review of this amount at least every 12 years, or more frequently if they feel the need to. This clause was listed in a Bill t…