KUALA LUMPUR, Oct 27 (Bernama) -- The government is taking immediate steps to strengthen the governance of government-linked companies (GLCs) and government-linked investment companies (GLICs), including a proposal to introduce legislation governing state-owned entities, Prime Minister Datuk Seri Anwar Ibrahim said.
Business : Government Takes Immediate Steps To Strengthen GLC, GLIC Governance -- Anwar
Anwar Ibrahim, KWAP, GLC, GLIC, 1MDB
BE Bernama 
Key takeaways
Prime Minister Anwar Ibrahim announced immediate measures to strengthen governance in government-linked companies and investment companies. This includes a proposed bill to limit leadership powers and establish stricter accountability rules.
- A proposed bill aims to set clearer rules and limit the powers of leaders in state-owned entities.
- Anwar cited past scandals involving 1MDB and Tabung Haji as reasons for the new governance reforms.
- The government stated it has not found governance breaches in current GLCs comparable to previous major scandals.
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