Government-linked companies are controlled by the government and Finance Minister Tengku Zafrul Abdul Aziz is saying ruling politicians can help provide check and balance for these companies?
They are set up to meet our country's long-term needs, not the whims and fancies of the government of the day. You are just a script reader, nothing more. Do you have any original ideas or initiatives, or are you firmly wedged at the bottom of your V-shaped recovery curve?Mr Finance Minister, check and balance will be to appoint opposition members of parliament for GLC positions. This way, they can make sure the government is not up to something funny.
Who then will make sure that the appointees are guiding the companies to the government's aspiration and not into their bank account? Even the National Audit Department has to bow to the auditee in their reviews, so what's to stop the rot? Now, this backdoor finance minister is trying to convince the rakyat that it is fine to put politicians into GLC boards. And not only as a board member but as the chairperson.
Basically, the GLC management looks at growing and diversifying the business but the board of politicians is only there to spend the money.
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