Fahmi: Putrajaya to focus on improving GLC, GLIC governance after Audit Act amendment

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Fahmi: Putrajaya to focus on improving GLC, GLIC governance after Audit Act amendment
GlcsFahmi FadzilAudit Act 1957
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PUTRAJAYA, Nov 8 — The government will closely monitor the governance of Government-Linked Companies (GLCs) and Government-Linked Investment Companies (GLICs), Communications...

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What to do when elephants cross Gerik highway? Perak Perhilitan tells drivers to ‘coexist’ until wildlife sanctuary completes in 2029Communications Minister Fahmi Fadzil said this comes after the recent amendment to the Audit Act 1957, which now allows any entity receiving public funds to be audited.

This comes after the recent amendment to the Audit Act 1957, which now allows any entity receiving public funds to be audited.“Generally, the Cabinet has examined the administration of GLCs and GLICs, with particular focus on the issue of bonuses,” Fahmi said.Fahmi was responding to a question regarding whether the government had made decisions about bonuses or perks for employees of GLCs and GLICs.

Earlier this week, Masjid Tanah MP Datuk Mas Ermieyati Samsudin called for an investigation after it was claimed that Pelaburan Hartanah Berhad, a GLC, was planning to sponsor a Bali holiday for all 200 of its employees.Two days ago, Deputy Prime Minister Datuk Seri Fadillah Yusof announced that all GLCs and GLICs would now require ministerial approval for bonuses, incentives, and company trips.

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