PM says GLC heads paid ‘obscenely high’, MoF to scale down execs’ salaries
Jaw-dropping salaries of some GLC heads
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.
To impose a full disclosure of the Statutory Bodies, SOEs, and CLBG on:
ii) Individual director’s and key management personnel’s directorship positions in other public companies (listed or otherwise);
iii) Remuneration of individual directors on a detailed basis
iv) Remuneration of senior management on a bands basis number of individuals earning remuneration within that band
i) Direct and indirect share holdings of senior management;