Greater transparency over who owns and controls corporate entities
NACP 6.1.1 – To strengthen the mechanism in enforcing mandatory job rotation for public servants holding sensitive posts
30 Jan 2019 – It also endorses an integrity vetting requirement as a selection criterion for top management positions in statutory bodies, SOEs and CLBG, as well as a conditional approach in the utilisation of funds provided by the government to all statutory bodies, SOEs and Government Established Company Limited by Guarantee (CLBG).
NACP 6.1.2 – To impose conditional approach on the purpose and utilisation of funds provided by the Government to all Statutory Bodies, SOEs, and CLBG
NACP 6.1.3 – To impose a full disclosure of the Statutory Bodies, SOEs, and CLBG on:
i) Direct and indirect share holdings of senior management;
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
Mentioned during launched of the NACP
19 Mar 2019 – 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.