Govt-linked entities must be reformed for accountability, transparency


Nick Tan

Putrajaya should consider a gradual removal of golden shares, which is a special mechanism in the Ministry of Finance Incorporated to veto a decision that is not in favour of the government. – The Malaysian Insight file pic, June 13, 2022.

SINCE Nor Mohamed Yakcop became the economic adviser to the government in 2000s, government-linked companies (GLCs) and government-linked investment companies (GLICs) have hired professional managerial personnel.

A 10-year GLC Transformation Programme was introduced in 2004 to drive GLC performance, which includes effectiveness, social agenda, accountability and transparency agendas. There is much to be done since the major transformation measures on GLCs and GLICs. 


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