Nearly 2,000 GLCs to face audits in wake of governance misconduct, says Anwar

The National Audit Department will conduct audits on nearly 2,000 government-linked companies (GLCs) starting this year after continuous governance misconduct, says Datuk Seri Anwar Ibrahim.The Prime Minister said this was due to governance issues found in GLCs such as weaknesses in KPIs, incompetent CEOs, persistent losses, profits not being returned to the government and major decisions made without approval of the board of directors of the GLCs.Read more at https://tinyurl.com/4xb4muhxWATCH MORE: https://thestartv.com/c/newsSUBSCRIBE: https://cutt.ly/TheStarLIKE: https://fb.com/TheStarOnline