Ensure appointment of GLC Board members based on merit and professionalism, and not politics
there are no political appointees in government-linked companies, a policy decided by the government. All candidates for the board of directors for statutory bodies are vetted to ensure highly qualified and professional candidates are appointed.
Following the historical 14th general election, there have been a slew of changes in GLC leadership. Most notable was Tan Sri Zeti Akhtar Aziz’s appointment as chairperson of Permodalan Nasional Bhd (PNB) and Sime Darby Property Bhd, while Datuk Ahmad Nizam Salleh was appointed chairman of Petroliam Nasional Bhd. Most recently, Datuk Shahril Redza Ridzuan was appointed chairman of Khazanah Nasional Bhd after the resignation of the sovereign wealth fund’s entire board.
A major shake-up among the head honchos of government-linked companies (GLCs) is expected to take place in the coming weeks.
Politically-appointed heads of GLCs are in focus given that their appointments were made at the pleasure of the previous Government. Many of the heads of GLCs were given board positions as recognition of their services.
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