Reducing the remuneration gap in GLCs

AN out-of-sync announcement during the recaliberated budget speech in January this year is a small part of the widening remuneration gap between the top executives and the lower-paid employees in government-linked companies (GLCs).

Prime Minister Datuk Seri Najib Tun Razak called on GLCs to implement initiatives to narrow the income gap between higher management and employees gradually. And he reminded them that these efforts would be monitored by the Economic Planning Unit.