NOW YOU KNOW WHY NAJIB WAS NEARLY INVINCIBLE – HE PAID ‘OBSCENELY HIGH’ SALARIES TO TOP DOGS AT GLCs: MAHATHIR ORDERS GUAN ENG TO SLASH SALARIES, ‘FROM NOW ON REWARDS WILL BE BASED ON PERFORMANCE’

KUALA LUMPUR— The Ministry of Finance (MoF) is preparing a clear guideline on the remunerations to be paid out to directors in government-linked companies (GLCs) as part of the Pakatan Harapan (PH) government’s efforts to eradicate patronage.

Prime Minister Tun Dr Mahathir Mohamad said those who held such positions, including the chairmen, had been paid “obscenely high” salaries.

“We find that some of the remunerations package is obscenely high,” he said in a keynote address at the Invest Malaysia 2019 conference here today.

The Prime Minister’s Office is finalising the Guidelines on Remuneration of Directors and Key Senior Management of Government Entities, a key election pledge by Pakatan Harapan.

‘From now on, rewards will be based on performance.

“Those who in the wrong, will be removed only capable, with integrity and high moral values will be selected to lead these entities,” Dr Mahathir said.

MALAY MAIL