Changes to elected presidency, NCMP schemes tabled
Add BT as a preferred source
Lee U-Wen
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 to amend the Constitution under the process to make sweeping changes to Singapore's elected presidency system. The 49-page Bill was introduced by Deputy Prime Minister Teo Chee Hean during a parliament sitting on Monday.
Copyright SPH Media. All rights reserved.
