Surachet aims high with Aseambankers
UEM provides reform blueprint
Tackling Telekom Malaysia
IT IS NOW well over two years since Malaysian prime minister Abdullah Ahmad Badawi announced a revamp of Khazanah, the state’s investment arm, with the proclamation that the proposals represented “nothing less than a remaking of Malaysia Inc”. One of its goals included reviving the country’s government-linked companies, whose performance up to that point was nothing short of underwhelming.
Khazanah set about modernizing the GLCs through a series of initiatives and performance targets. Guidelines were issued to help transform the GLCs and specific directives have been released on enhancing board effectiveness, procurement and performance management. More will follow in due course.
In addition, western-educated, younger and supposedly sharper leaders were brought...
