PETALING JAYA: The G25 group of outstanding retired civil servants stated it’s shocked to listen to that Perikatan Nasional (PN) chairman Muhyiddin Yassin plans to nominate politicians to the boards of government-linked corporations (GLCs) if the coalition wins energy within the upcoming state elections.
The group stated world finest practices as advisable by the Organisation for Financial Cooperation and Improvement (OECD) state that each one boards are required to take full duty over board appointments with out being influenced by political or different pursuits.
“The place politically linked candidates are proposed for board or administration positions, the board should analyse whether or not they’re politically lively and whether or not they’re professionally certified,” it stated in an announcement.
G25 stated having politicians on GLC boards may increase “unhealthy suspicions about their enterprise selections” as they’re personal corporations that need to compete in overseas and native markets.
As all nations at the moment are adopting globally recognised finest practices of their system of company governance, it stated, Malaysia will lose out to different nations if it continues with the “dangerous practices of the previous”.
In an interview with FMT final week, former prime minister Muhyiddin promised to nominate members of his coalition because the heads of state GLCs ought to PN win the elections in Selangor, Negeri Sembilan, Penang, Kelantan, Terengganu and Kedah.
“If there are political leaders with the calibre who should not holding every other place and are certified for that (GLC) place, what’s fallacious with it? It doesn’t imply that the submit ought to solely be for company figures,” Muhyiddin stated.
Bersih chairman Thomas Fann criticised Muhyiddin over his assertion, saying it was an “affront to good governance” and an “abuse of energy”.