Stronger governance key to public trust

OVER the past month, Malaysian institutions came under the spotlight as both Lembaga Tabung Haji (TH) and Kumpulan Wang Persaraan (Diperbadankan) (KWAP) were in the news for the wrong reasons.

In TH’s case, the Royal Commission of Inquiry (RCI) revealed key shortcomings in the management of its funds, as well as blatant disregard for governance issues that could have helped the pilgrimage fund avoid being a target of political interference.