CEO hoping to run for president inspired by PM's words

ST VIDEO: RACHEL AU-YONG
Second Chance Properties CEO Mohamed Salleh Marican with his wife Sapiyah Abu Bakar after collecting application forms for this September's presidential polls at the Elections Department yesterday.
Second Chance Properties CEO Mohamed Salleh Marican with his wife Sapiyah Abu Bakar after collecting application forms for this September's presidential polls at the Elections Department yesterday.ST PHOTO: SEAH KWANG PENG

67-year-old says his business experience puts him in good stead to serve in highest office

Businessman Mohamed Salleh Marican said yesterday, when collecting the application forms for the coming presidential election, that he was spurred to make a bid by the words of Prime Minister Lee Hsien Loong.

Last November, Mr Lee had told a group of Muslim professionals that he hoped to see qualified Malay candidates step up to serve in the highest office in the land and represent all Singaporeans.

Mr Salleh, 67, said that his business experience puts him in good stead to be Singapore's president as it has cultivated in him such traits as good judgment and strong emotional intelligence (EQ).

"In business, one bad mistake can set you back many years or even wipe you out. So, good judgment is important," the chief executive of listed Second Chance Properties told The Straits Times.

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This is especially so when the president has to decide whether to approve the Government's request to use the national reserves for the people's well-being, he added.

Another quality Mr Salleh identified as crucial in a president is "high EQ", as he or she has to interact with Singaporeans from all walks of life as well as deal with foreign dignitaries.

GIVING BACK

I have done very well in business and I feel I want to give back to society in a much larger way.

MR MOHAMED SALLEH MARICAN, chief executive of Second Chance Properties.

"In business, you are used to dealing with different types of people, whether they are your customers, employees, bankers or suppliers."

Mr Salleh, a father of four, acknowledges that he does not automatically qualify as a presidential candidate as the Constitution requires private-sector candidates to have run a company with at least $500 million in shareholder equity.

Second Chance Properties, the first Malay-owned company to be listed on the Singapore Exchange, had a shareholder equity of between $254.3 million and $263.25 million in the past three financial years.

Still, Mr Salleh is "optimistic" about convincing the Presidential Elections Committee that he has the necessary experience and ability for presidential duties.

"Whether it is a $2 million or $20 million shop, my thinking process and how I evaluate the purchase is the same. It does not mean I must have 10 times the ability (to buy a $20 million shop)," he told reporters outside the Elections Department.

Mr Salleh's name is among several that have been mentioned as potential candidates since the announcement that the September presidential election will be reserved for Malays. The list of likely candidates includes Speaker of Parliament Halimah Yacob.

Last week, after Mr Salleh announced his intention to contest the election, he reportedly praised Madam Halimah in an interview, saying she would be a "good candidate" as she is popular and has a good reputation.

He also said that her gender could be a "comparative advantage" as women may vote for her.

Asked why he had praised a possible rival, he said he believed that all presidential candidates must behave "in a manner that is in keeping with the dignity of the president".

"Some people asked me - why did you go and praise your (likely) opponent? I told them this is the way of a gentleman," he said.

His wife Sapiyah Abu Bakar, a 65-year-old housewife, and his younger brother Hasan Marican, 63, a deputy chief executive at Second Chance, accompanied him to the Elections Department to collect the election forms.

VIDEO

Mr Salleh arrives at Elections Department. str.sg/4Luh

A version of this article appeared in the print edition of The Straits Times on June 06, 2017, with the headline 'CEO hoping to run for president inspired by PM's words'. Print Edition | Subscribe