NACP 6.1

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NACP 6.1

Greater transparency over who owns and controls corporate entities

ANALYSIS

In Progress

Sub-promise

PH MANIFESTO 22 GLCs reform
 

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).

PH MANIFESTO 22 GLCs reform
 

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

30 Jan 2019 – Imposition of a conditional approach on the purpose and utilisation of funds provided by the government to all statutory bodies, SOEs and CLBGs.

PH MANIFESTO 22 GLCs reform
 

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.

June 11 2018 – Several government-linked companies’ (GLCs) management and board members enjoyed whopping salary increases with some key personnel rewarded up to a 65% jump in income last year.