SINGAPORE: A practising lawyer found himself standing sheepishly in the dock of the State Courts on Wednesday (Nov 6), after an alcohol-fuelled night out at Zouk nightclub in 2022.
All benefits, trips, and bonuses for government-linked companies and government-linked investment companies must now receive ministerial approval , says Datuk Seri Fadillah Yusof .
“Usually, the Cabinet oversees these aspects only for ministries, departments, and agencies. However, now all GLCs and GLICs will need to produce proposals for such finances in the future. This follows recent reports that the GLC Pelaburan Hartanah Bhd awarded its chief executive officer a substantial three-month salary"bonus" of RM210,000, despite the company achieving only 42% of its key performance indicators .The GLC had also reportedly planned an overseas luxury holiday for its employees, which was scrapped after it became public knowledge.
GLIC Ministerial Approval Fadillah Yusof Bonuses Incentives Pelaburan Hartanah Bhd
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