KOTA KINABALU: The Sabah government is tightening its control over statutory bodies and government-linked companies to curb abuses of power.
Chief Minister Datuk Seri Hajiji Noor announced a revamp of the Corporate Policy and Governance Monitoring Committee to strengthen and enhance the supervision of these bodies.
The includes enforcement if any government circulars are not complied with, he said.
Hajiji said the committee, which is under the state finance ministry's purview, will oversee all aspects of corporate governance to prevent possible power abuse and unwarranted appointments to new posts or unjustified creation of subsidiary companies.
He said the salaries and allowances of key management personnel in all statutory bodies or GLCs would be further monitored.
Hajiji, who is also state finance minister, said that the committee would ensure all financial operations are above board.
"The state government wishes to set a high standard of transparency and accountability... I see this initiative as imperative," he said.
He said that it was important for statutory bodies or GLCs to remain commercially competitive amidst crises including economic impacts caused by challenges such as the ongoing and prolonged Covid-19 pandemic.