Thursday, 13 Aug 2020 11:09 AM MYTLim said GLCs headed by politicians are generally not enthusiastic about good corporate governance. — Picture by Sayuti Zainudin
“The PN government has turned the appointments of MPs into GLCs, as a form of political reward to maintain their shaky hold on power with a slim two-seat parliamentary majority. “Politicians cannot be more capable or knowledgeable than experts or professionals. It is open knowledge that politicians have different priorities when they are in the GLC, as compared to professionals and experts who are focused on improving the performance of the company,” he said.
The Bagan MP said GLCs headed by politicians are generally not enthusiastic about good corporate governance, especially when it comes to punishing financial misappropriation or wrongdoings.
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