KUALA LUMPUR, Oct 27 (Bernama) -- The government is considering a proposed Government-Owned Entities Bill to tighten governance of government-linked companies (GLCs) and related agencies, while preventing misappropriation such as that which occurred in 1Malaysia Development Berhad (1MDB), Felda and Tabung Haji.
General : Proposed Government-owned Entities Bill To Tighten Governance, Prevent Misappropriation - PM Anwar
Anwar Ibrahim, Dewan Rakyat, GLIC, GLC, governance
BE Bernama 
Key takeaways
The government proposes a bill to improve governance of GLCs and prevent misappropriation, following issues in 1MDB and others.
- The bill aims to strengthen governance and accountability in government-owned entities.
- Weaknesses in oversight of subsidiaries and past mismanagement were highlighted.
- Resistance from vested interests may hinder efforts to improve governance.
Summarised automatically by AI from the original article by Bernama. AI can make mistakes, so check the original for details.
Also reported by DayakDaily
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- Bernama General : Proposed Government-owned Entities Bill To Tighten Governance, Prevent Misappropriation - PM Anwar (this story)
