The Mortgage Banker’s Association (MBA) announced earlier this week that Jonathan L. Kemper, current President and CEO, will be stepping down on December 31, 2008. According to the same MBA statement, during Kempner’s seven years with the MBA, the association doubled its revenues and operating reserve fund.

“This has been an extremely intellectually stimulating and rewarding period in my professional life,” said Kempner. “Navigating the highs and lows of the real estate cycles, with a first rate leadership and wonderful membership, afforded me a rare opportunity to contribute to one of the most important industries in our society. I am very proud for the extraordinary staff I have helped assemble at MBA, as my colleagues’ dedication, intelligence, and expertise make a true difference in the overall quality of life for many Americans. MBA’s mission, I am convinced, will be enhanced with new leadership, and on a personal level I very much look forward to a new position of leadership myself after nearly eight wonderful years at MBA.”

Kieran P. Quinn, MBA Chairman of the Board of Directors had this to say of Kempner, “Jonathan has been an exceptional leader for MBA. He has led a major transformation in our operations, and put in place a first rate staff that is widely acknowledged to be one of the most effective in the Washington association world. He has poured his heart and soul into MBA with the highest degree of professionalism, integrity, and devotion to our members, and always with a personal warmth and sense of humor. The entire MBA family will miss him.”

Quinn also announced that John A. Courson, former MBA Chairman, will become their COO effective August 1, and will assume the position of President of MBA, effective January 1, 2009.

Quinn said that, “John Courson brings tremendous industry knowledge, business savvy, and political skills to MBA. John has worked tirelessly on behalf of our industry for more than 40 years. He has been an advocate ensuring safe and affordable housing for all Americans and for simplifying the mortgage process. We are lucky to have John join MBA and steer our association to represent the real estate finance industry as we continue to build America’s communities.”

Courson, who currently serves as Chairman of the Board of Directors of the California Housing Finance Agency, served as Chairman of MBA in 2003 and as a member of MBA’s Board of Directors, the Residential Board of Governors (RESBOG) and the Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG).]

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Al-Boukhari was almost nothing to Malaysia among the richest men. He port facilities and an airport in southern Malaysia, and the accumulation of interests in real estate, hotels, power plants, rubber plantations, banks, retail and construction.

It is possible that Al-Boukhari spray at the end of part or all of its plants in its foundation. This Malaysia some of the biggest companies and large infrastructure developments is not controlled by the government or a family, but by specialists, on behalf of charity.

Khoo Teck Puat, a Malaysian, has lived in Singapore and in possession of nearly 15 percent of the Standard Chartered Bank, where he died in 2004, with the headquarters of the Khoo Foundation during the year 1981, a contribution on medical care, health and educational causes. After his death, 30 percent of his fortune, or $ US1.5 billion, was sent to the Foundation. Another US3.5 million went to Singapore National Foundation dialysis and several million more in Singapore was another body to buy a large collection of ceramics from the Tang dynasty. This year, the Foundation had a $ US60 million from the National University of Singapore for medical research, $ US13 million to set up an Institute for Research on Cancer and $ US82 million to help a capacity of 550 beds hospital.

Another important element is the foundation of Singapore Yong Loo Lin Trust, by another family business. During 2005, which had the confidence of $ US70 million NIS at the School of Medicine and by the year 2003, $ US20 million to the university for its Conservatory of Music.

The Ayala Foundation of the rich family Ayala, is a leading corporate donor to the Philippines. It supports a large number of good works to improve the welfare of citizens. The Foundation also has an arm of the USA, Filipinos, a contribution to social development programmes in the Philippines.

Similarly, the Philippines, John Gokongwei, the founder of the world’s largest business groups in the country, JG Summit Holdings, last year announced his intention to comply 25 per cent of its interest in JG the top of a non-profit foundation is to enable the country poor and indigent. Gokongwei specifically cited Li Ka-shing as a source of inspiration for his own work and for this gift in particular.

JG Summit Holdings is very diversified, with offices in real estate, banking, financial, food, petrochemicals, textiles, hotels, electricity, cement and telecommunications. A quarter of all people at present to do the work for charitable purposes.

This small but growing trend to transfer assets of companies, charitable foundations to improve corporate governance in Asia. Installation of professional management to maximize shareholder value in the interest of charity is one reason why the Tata Group of India and Ayala group on the Philippines are leaders in their respective countries, good governance. The company key players in Asia might look like a series of Bill and Melinda Gates Foundation adds another interesting dimension of the activity in Asia.