All systems go: Anwar visiting a booth at the launch of the Implementation of Auditing of Government-linked Companies in Putrajaya. — RAJA FAISAL HISHAN/The Star
PUTRAJAYA: The National Audit Department will conduct audits on nearly 2,000 government-linked companies (GLCs) starting this year after continuous governance misconduct, says Prime Minister Datuk Seri Anwar Ibrahim.
He said GLCs were repeatedly found to have governance issues such as weaknesses in key performance indicators (KPIs), failures of chief executive officers, persistent losses, profits not being returned to the government and major decisions made without approval of the GLC’s board of directors.
