Of Malaysia’s cleaner corporate grip

The reasons why GLCs get involved in corporate exercises must be publicly disclosed to constrain the self-serving behaviour of politicians. Disclosure is important as political leaders, through GLCs, have access to enormous funds and rents that can be deployed to garner electoral – even party – support

To establish a full disclosure mechanism on information regarding subsidiaries and non-consolidated companies of Statutory Bodies, State-Owned Enterprises (SOEs), and Government Established Company Limited By Guarantee (CLBG) needs to be established