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==Executive== In order to become president, the candidate: * Must not be a member of any [[list of political parties in Singapore|political party]] on the date of their nomination for election.<ref>Constitution, Art. 19(2)(f).</ref> * Must have for a period of no fewer than three years held office β ** as [[Cabinet of Singapore#Responsibilities of Ministers|Minister]], [[Chief Justice of Singapore|Chief Justice]], [[Speaker of the Parliament of Singapore|Speaker]], [[Attorney-General of Singapore|Attorney-General]], Chairman of the [[Public Service Commission (Singapore)|Public Service Commission]], Auditor-General, Accountant-General or [[Permanent Secretary]];<ref>Constitution, Art. 19(3)(a).</ref> ** as [[chief executive officer]] (CEO) of a key statutory board or government company: the [[Central Provident Fund Board]], the [[Housing and Development Board]], the [[JTC Corporation|Jurong Town Corporation]], the [[Monetary Authority of Singapore]], [[Temasek Holdings]], or [[GIC Private Limited]] (formerly known as the Government of Singapore Investment Corporation);<ref>Constitution, Art. 19(3)(b) read with the Fifth Schedule.</ref> ** as CEO of a company with an average of $500 million in [[Equity (finance)#shareholders' equity|shareholders' equity]] for the most recent three years in that office, and which is profitable after [[Corporate tax|taxes]];<ref name="Cons194197">Constitution, Art. 19(4), read with Art. 19(7).</ref> or ** in any other similar or comparable position of seniority and responsibility in any other organisation or department of equivalent size or complexity in the [[public sector|public]] or [[private sector]] which has given him or her such experience and ability in administering and managing financial affairs as to enable him or her to carry out effectively the functions and duties of the office of President.<ref name="Cons1934">Constitution, Art. 19(3)(c) and Art 19(4)(b).</ref> The president now exercises powers over the following:<ref>{{cite web | title=The Presidency in Singapore | work=Istana website | url=http://www.istana.gov.sg/PresidentSRNathan/index.htm | access-date=2006-07-31 | url-status=dead | archive-url=https://web.archive.org/web/20080822063958/http://www.istana.gov.sg/PresidentSRNathan/index.htm | archive-date=22 August 2008}}</ref> *appointment of public officers *government budgets *examine government's exercise of its powers under the Internal Security Act *examine government's exercise of its powers under religious harmony laws *investigate cases of corruption However, the president must consult the Council of Presidential Advisers before taking a decision on some of these matters. The council consists of *two members appointed at the personal discretion of the president *two members appointed by the president on the advice of the prime minister *one member appointed by the president on the advice of the chief justice *one member appointed by the president on the advice of the chairman of the Public Service Commission A member of the council serves a six-year term and is eligible for re-appointment for further terms of four years each.<ref>{{cite web | title=Council of Presidential Advisers | work=Istana website | url=http://www.istana.gov.sg/cpa.html | access-date=22 April 2006 |archive-url = https://web.archive.org/web/20060307104827/http://www.istana.gov.sg/cpa.html <!-- Bot retrieved archive --> |archive-date = 7 March 2006}}</ref> Similar to the [[Speech from the Throne]] given by the heads of state in other parliamentary systems, the president delivers an address written by the government at the opening of parliament about what kind of policies to expect in the coming year. The current president is [[Tharman Shanmugaratnam]]. ===Cabinet=== {{Main|Cabinet of Singapore}} [[File:Lawrence Wong 20230526.jpg|thumb|150px|[[Lawrence Wong]], Prime Minister of Singapore]] The cabinet forms the executive of the government and it is answerable to parliament. It consist of sitting members of parliament and is headed by a prime minister, the head of government. The current prime minister is [[Lawrence Wong]]. Neither the prime minister nor members of the cabinet are elected by parliament. The prime minister is appointed by the president, then Cabinet members, also known as ministers, are appointed by the president on the advice of the prime minister.<ref>{{cite web | title=The Executive | work=Attorney-General's Chambers of Singapore website | url=http://statutes.agc.gov.sg/non_version/cgi-bin/cgi_getdata.pl?actno=1999-REVED-CONST&doctitle=CONSTITUTION%20OF%20THE%20REPUBLIC%20OF%20SINGAPORE%0a&date=latest&method=part&segid=931158659-000425#931158659-001110 | access-date=22 April 2006}}</ref> The cabinet in Singapore collectively decides the government's policies and has influence over lawmaking by introducing bills. Ministers in Singapore are the highest paid politicians in the world, receiving a 60% salary raise in 2007 and as a result Prime Minister Lee Hsien Loong's pay jumped to S$3.1 million, five times the US$400,000 earned by [[US President]] [[Barack Obama]]. Although there was a public outcry regarding the high salary in comparison to the size of the country governed, the government's firm stance was that this raise was required to ensure the continued efficiency and corruption-free status of Singapore's "world-class" government.<ref>[http://www.iht.com/articles/2007/04/09/news/sing.php Singapore announces 60 percent pay raise for ministers - International Herald Tribune<!-- Bot generated title -->]</ref> On 21 May 2011, following the 2011 general election, the Prime Minister announced that a committee would be appointed to [[Cabinet of Singapore#2011 review|review politicians' remuneration]], and that revised salaries would take effect from that date.
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