PM says govt will do away with golden shares in GLCs, if necessary

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Khazanah's managing director also said the government should move away from having golden shares in GLCs.

However, it will forego from having golden shares in the selected companies after conducting a proper study on each case.

This he said, would enable the board of the companies to search their ideal candidates for high managing position like a chief executive officer . But with today’s improved regulators in industries such as telecommunications, energy and aviation, the government he said, should do away with having golden shares.

"If they tell us what to do when they do not even understand the business, it will be creating a bigger mess, ” he said.

 

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Finally Khazanah MD speaks... On the way out kut?

Dude's not gonna last long

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