PETALING JAYA: It will be scorecard time for government-linked companies (GLCs) tomorrow as the Government launches two more books Orange and Purple as part of the GLC transformation programme.
Prime Minister Datuk Seri Abdullah Ahmad Badawi, Deputy Prime Minister Datuk Seri Mohd Najib Abdul Razak and Finance Minister II Tan Sri Nor Mohamed Yakcop are expected to attend the event at the Kuala Lumpur Convention Centre, during which the heads of the GLCs are expected to present their progress reports.
The setting up of the Malaysian Directors Academy, aimed at ensuring the effectiveness of directors, and the programmes to be offered would also be announced.
The upcoming event is said to be an important one as it marks the end of phase two of the GLC transformation programme.
It is learnt that next year, the approach to GLC transformation would be somewhat different as there would be no more guidance books except for reports on how the GLCs have put best practices into action.
Since the GLC transformation programme began, several books have been launched. The first of the series was the Blue book, which outlined the best performance management practices that GLCs could adopt.
The Red and Green books were launched more than a year ago. The Silver book covers corporate social responsibility, and the Yellow and Brown, on operational improvement. The Orange book offers insight on the management and development of leaders, which is critical in succession planning, while the Purple one sets out the optimisation of capital management practices. By B.K SIDHU
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