Leadership tussle at Singapore Recreation Club
Published on Apr 25, 2014 8:07 AM
The 131-year-old Singapore Recreation Club will see a full leadership tussle for the first time in more than a decade as a new 12-man team led by a retired banker, a surgeon and a university don seeks to unseat the incumbents.
In glossy election brochures issued by both sides, the new team is urging change, while the current leaders have taken on lease renewal as their priority.
Hot button issues at tomorrow's general meeting showdown include a bid to change the constitution to allow limited term membership in order to boost fruit machine revenue. Takings grossed $11.3 million last year, down from $22 million in 2009, according to its annual reports.
Another change seeks to free the club from restrictions in investment to the safest vehicles, to allow it to have a wider choice with higher returns.
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TOUGH BATTLE EXPECTED
Unlike the Singapore Cricket Club opposite, we have a bowling alley, swimming pool and basement carparks, and yet our member value is about $6,500. SCC membership markets for about $19,000.
- SRC member V. Nathan, who expects a keen contest, with members having to decide if a change in leadership would boost the club