Government-linked companies (GLCs) exist to drive economic development in strategic sectors. GLCs have often been plagued with systematic conflict of interest through political appointments in high level positions. As heads of GLCs make key decisions about how to spend vast sums of public funds, the entities are vulnerable to abuse for the accumulation of political power and financial gain.
The NACP 2019-2023 recognises that policies must be introduced to base the appointment of chairpersons or members of the board of all statutory bodies and GLCs (state-owned enterprises and government established companies limited by guarantee) strictly on academic and/or professional qualifications. A clear policy is needed to refrain politicians and any Highly Influential Persons from interfering in the promotion/appointment/selection of such positions, and to introduce integrity vetting requirements as a selection criteria.
June 02, 2021 (PN) The Youth Wing of Parti Keadilan Rakyat chief Akmal Nasrullah Mohd Nasir called for the cessation of political appointments in government-linked corporations (GLCs) and said GLCs should be able to operate professionally without any interference by any political factions. “The practice of political appointments is an act of corruption because it […]
May 31, 2021 (PN) Former Chief Commissioner of Malaysian Anti-Corruption Commission (MACC), Datuk Seri Mohd Shukri Abdull said incompetent political people will not be able to move their organisations towards great levels. He emphasised for the practice of electing incompetent political people as chairmen or members government-linked corporations (GLCs) and government-linked investment companies to be […]
September 30, 2020 (PN) Money politics and patronage are rife in Malaysia. After the political putsch in February 2020 to secure power from the former Pakatan Harapan (PH) government, Prime Minister Tan Sri Muhyiddin Yassin proceeded to reward Perikatan Nasional (PN) loyalists with positions in government-linked companies (GLCs) with well-paid salaries and good perks. The […]