GLCs transformation: The aim to become high-performance entity

Yesterday, Prime Minister Abdullah Ahmad Badawi launched the Government-linked companies (GLCs) Transformation Manual with the aim to transform GLCs into high-performance entity.

It encompasses part of a larger national development strategy, focus on enhancing performance and takes full cognisance of matters relating to governance, shareholder value and stakeholder management.

He also calls on GLCs to continue offer more opportunities and projects to Bumiputere companies.

Besides, he hinted that further management changes in GLCs is expected to happend soon, where we witnessed board changes in Proton and Telekom a few days ago.

Recent development in BN component parties MCA and Gerakan party elections, combine with the GLCs transformation, August is definitely a month to stick closer eyes to.

Any little changes might just affect us, without us realising it or not, that’s fact and reality.