Investors, governments should take a backseat in driving philanthropy programmes: panel

[KUALA LUMPUR] When it comes to philanthropy, both investors and governments should empower passionate people to drive the programmes and give the necessary assistance to amplify the impact, said Temasek Foundation chief executive officer Ng Boon Heong.

“We do not need to be the majority shareholder in every programme. Let everyone participate, and this will create a greater impact,” he said at a panel discussion at the Asian Venture Philanthropy Network (AVPN) Global Conference on Tuesday (Jun 20), the first day of the event.

He noted how Temasek Holdings’ philanthropic arms – Temasek Foundation, Temasek Trust and Stewardship Asia Centre – have provided a space in Singapore’s Orchard Road to serve as a social impact hub for philanthropy ideas and activities.