KUALA LUMPUR, Oct 7 -- The Ministry of Finance (MOF) is finalising a proposal to enact the Statutory Bodies and Controlled Entities (Financial Governance) Act to strengthen the governance of government-owned companies.
Business : MOF Finalising Proposed Law To Strengthen Governance Of Govt-owned Companies
MOF, Statutory Bodies and Controlled Entities (Fi
BE Bernama 
Key takeaways
MOF is finalising a law to improve governance of government-owned companies with stricter procedures and accountability.
- The proposed law aims to ensure prudent and transparent corporate decisions.
- It includes stricter procedures for establishing new companies and approving investments.
- The government is also improving compliance with regulations on bonuses and procurement.
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- Bernama Business : MOF Finalising Proposed Law To Strengthen Governance Of Govt-owned Companies (this story)
