Brain drain is about migration (hints; permanent employment. emigration). In the good Tan Sri’s case, chairmanship is not exactly permanent employment especially that it is not an executive position (SP has a CEO position). I would argue that Tan Sri Hassan 's appointment it’s not an example of brain drain but a rare case of a global, towering Malaysian–Muslim–Malay. It should not be lamented but celebrated. He never actually left Malaysia. The last time I check, he is still involved with Sarawak’s SEB and SCORE, ECER, IMT-GT and god knows how many more local companies, charities and foundations that he’s in. Technically, his knowledge, competencies and know-who never really left the country. In the past, they were solely for Malaysia. Now he is sharing them with the world – with ConocoPhillips, with SembCorp etc. etc. etc. Please don’t bring Tan Sri Hassan’s name into this whole brain drain issue. I feel that when people (especially politicians) comment his SP appointment, it brought Tan Sri’s name into a disrepute. I think it just inappropriate to say that Tan Sri Hassan ply his trade in Singapore because Malaysia can't offer better opportunity or that he is sulking from his Petronas "ouster" that would probably put him in the mould of Mitt Romney or Nicholas Anelka. People who migrate has been/can be labelled as unpatriotic and Tan Sri Hassan is definitely not one! I say it is a crime to humanity to let talent like his remain stuck in this country. Did you see the list of SP’s BoD and management team?; All are (probably) Chinese and his Muslim-Malay name stuck like a sore thumb! (sorry…playing the racial card a bit here).
He left Petronas in a much-publicized spat with PM Najib. I am sure there were some truths in it though I feel in 20 years of
service with Petronas, surely he had an even more serious spats with the PM institution. I
feel that there is a combination of factors him leaving Petronas. And a big one
would be the death of Tan Sri Azizan. The duo was perhaps THE best tag team
in our corporate world (the honours now fell to Tony-Kamarudin) His untimely
death must have made an impact to Tan Sri Hassan. Wallahualam.
Still, I think the World Bank report is another slap on
the face to Talent Corp specifically. Stories from overseas describe their
arrogance, incompetence and plain apathy to the needs of overseas Malaysian. (Who's advising them anyway? McKinsey, Hewitt?) But
most importantly, I think Talent Corp’s business model itself is flawed.
Instead of focusing to bringing back our talents, Talent Corp should focus on
globalizing them. Instead of asking them to leave Sillicon Valley, the greatest
IT hub in the world for MSC(!?), assist them to start projects in India, Singapore,
London and Malaysia. In this case, we are bridging them to their roots but at
the same time expanding their horizon. The game is no longer about Made in
Malaysia. The world is flat….it should be about cloning more Tan Sri Hassans.
Tan Sri Hassan appointment though is interesting. Come
to think about it, his board seat in SEB is perhaps part of his learning curve
on the utilities sector to tackle the energy industry on the whole. Last year Petronas
bought a 30% stake in GMR that hold retail electricity license in Singapore,
their first dabbling into utilities. TNB 4th Quarter loss RM493 million and the impending CEO Che Khalib retirement means that TNB is
ripe for a major restructuring. Khazanah (fire)sale of its non-strategic investments and its
under weight holdings in energy sector despite the immense potential means it
is readying its coffers. Now that Tan Sri Hassan is chairing the corporate
board of SP, he is now in the direct position to influence the company’s
direction. And YTL is awfully quiet. Don’t forget San Miguel too with its
Phillipines, Mahathir-clanship connection. So this is my bet; Khazanah (and Petronas),
using its newfound friendship with the all-powerful Temasek will maneuver an ambitious
plan to create Asean’s and most probably the world’s biggest utility company (TNB is already connecting power cables between Sumatera and Peninsular Malaysia). I
am sure someone would have read the always brilliant Friedman’s piece
predicting the coming of an energy crisis. So I am sure green technology will
be the focus (a role for Lynas?). A cross merger of TNB-SP will of
course create more polemic but the cards are in place. If you play the stock
market, you should be closely watching all the utility players.