Anwar calls for stricter rules for GLCs, says bosses must not treat them as family property

KUALA LUMPUR, Oct 27 — The government is considering a Government-Owned Entities Bill to tighten governance at government-linked companies (GLCs) and related agencies, and prevent misappropriation such as that seen in 1Malaysia Development Berhad (1MDB), Felda and Tabung Haji.

Prime Minister Datuk Seri Anwar Ibrahim said the proposed law would set clearer rules and ensure government-owned entities, including their subsidiaries, were subject to effective oversight.

He said weaknesses and serious breaches in the management of government institutions had been highlighted in Royal Commissions of Inquiry (RCIs), task force reports and white papers.

“Our proposal to table the Bill is not only for (strengthening) governance, but also to establish very clear rules and laws for regulatory purposes.

“That is why I believe the Bill will establish strict measures… even for GLCs, governance must be tightened. Those vested with authority and the figures appointed to these positions must be more accountable and must not treat these entities as property belonging to themselves or their families,” he said during Ministers’ Question Time in the Dewan Rakyat today.

Anwar was responding to a supplementary question from Syahredzan Johan (PH-Bangi) on measures to strengthen corporate governance at GLCs and statutory bodies to prevent a recurrence of misappropriation involving government institutions.

Anwar said oversight of subsidiaries was one weakness that needed to be addressed, as they were not necessarily subject to the same controls as their parent agencies.

He said efforts to strengthen governance also faced resistance from vested-interest groups, including political elites and businesspeople accustomed to past practices.

Anwar stressed that political figures were prohibited from interfering in GLC and government-linked investment company (GLIC) project selection and investment priorities.

Instead, investment decisions must be made by investment bodies comprising professionals and people with relevant expertise, he said.

He said this was crucial to ensuring prudent investment decisions, particularly in light of past governance failures. — Bernama

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吉隆坡，10 月 27 日讯——政府正在考虑制定《政府所有实体法案》，以加强政府关联公司（GLC）及相关机构的治理，防止出现类似一马发展有限公司（1MDB）、联邦土地发展局（Felda）和朝圣基金局（Tabung Haji）的挪用公款事件。

首相拿督斯里安华·易卜拉欣表示，拟议的法律将制定更明确的规则，并确保政府拥有的实体及其子公司受到有效监督。

他表示，皇家调查委员会（RCI）、特别工作组报告和白皮书都强调了政府机构管理中的薄弱环节和严重违规行为。

“我们提出该法案不仅是为了（加强）治理，也是为了建立非常明确的规则和法律以达到监管目的。

“因此，我相信该法案将制定严格的措施……即使是官联公司，也必须加强治理。那些被赋予权力的人以及被任命担任这些职位的人必须更加负责，不得将这些实体视为自己或家人的私有财产，”他今天在国会下议院部长质询时间表示。

安华是在回答沙赫雷赞·约翰（希望联盟-万宜）提出的补充问题时做出上述表态的，该问题涉及加强官联公司和法定机构的公司治理，以防止再次发生涉及政府机构的挪用公款事件。

安瓦尔表示，对子公司的监管是一个需要解决的弱点，因为它们不一定受到与母公司相同的监管。

他表示，加强治理的努力也遭到了既得利益集团的抵制，其中包括习惯于过去做法的政治精英和商人。

安华强调，政治人物不得干预官联公司和政府关联投资公司（GLIC）的项目选择和投资重点。

他表示，投资决策应该由由专业人士和具有相关专业知识的人员组成的投资机构做出。

他表示，这对于确保审慎的投资决策至关重要，尤其是在过去治理失败的情况下。——马新社

安华计划针对政府关联公司（GLC）和政府关联投资公司（GLIC）制定新法律，并援引巴特西的损失和电子渔业失败案例。

每次袭击罚款1000令吉？霹雳州警方逮捕三名青少年，他们涉嫌在四个州犯下纵火和泼油漆案件。

空气中弥漫着爱的气息，但约会账单也随之而来：13%的马来西亚男性愿意为了约会而负债。