In April 2004, the Singapore Straits Times said in an article that TT Durai, Director General of National Kidney Foundation (NKF) has been relying on public donations to pay for his generous salary, benefits and expenses. The media have also found that Durai was set extravagant accessories, including gold tap in his office bathroom. Singaporeans, especially donors, were angered by how NKF was mismanaged donor funds. Finally, after intense public pressure, Durai and the NKF board resigned in July 2005. Illustrates the importance of governance, transparency and public accountability of social enterprises, and the effects of a weak internal control over financial reporting. "Hide
by Amy Lau, Shirley Chan, Emily Ho Source: University of Hong Kong, 17 pages. Publication Date: July 7, 2006. Prod. #: HKU584-PDF-ENG
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