The Pakatan Harapan government has taken steps to ensure that politicians are not appointed to head government-linked companies (GLCs) or foreign missions, Prime Minister Dr Mahathir Mohamad said today.
"On the government’s part, we have undertaken measures to ensure that there are no more active politicians appointed as Malaysian head of mission and in any listed GLC," he said in his speech at the Invest Malaysia 2019 conference in the capital today.
The Finance Ministry is preparing a clear guideline for the appointing of chairpersons and members of the board of directors for GLCs and their subsidiary companies, he said.
"Only those capable, with integrity and high moral values will be selected to lead these entities.
"Those who are in the wrong will be removed," he said.
His office was also finalising guidelines for the remuneration of directors and key senior management personnel of government entities, he added.
"We find that some of the remuneration packages are obscenely high. From now on, rewards will be based on performance," said the prime minister.
The appointment of politicians to GLCs had in the past generated controversy particularly after Mahathir maintained the traditional practice of having the prime minister chair the board of sovereign wealth fund Khazanah Nasional.
The previous administration had appointed ruling party politicians to run GLCs, often as a form of reward.
Previously, Economic Affairs Minister had opined that Putrajaya should not rule out politicians as heads of GLCs because some have the necessary experience for the job. - Mkini
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