SUBANG JAYA, 9 July: The restructuring of the board of directors for State Government subsidiary companies will be done to improve the performance of other agencies, in addition to dropping unproductive workers.
The Chief Minister, Tan Sri Abdul Khalid Ibrahim, said that the move is also to review performances, including that of government-linked companies (GLCs).
He stressed that the review is only done if it is necessary to improve any company and does not involve companies that show good performance.
“We will continue to monitor the performance of GLCs that are part of the state’s assets and resources. We also need to focus on management and the representation of the management.
“National Treasury meeting proposed for them to be monitored,” he said when commenting on the move of Menteri Besar Incorporated (MBI) to review subsidiary companies’ board of director members.
He said that the Selangor State Development Corporation (PKNS) is not listed under MBI because it is placed under the state Act.
Meanwhile, yesterday, the MBI Chief Executive Officer, Faekah Husin, announced that all positions of company chairman, board of directors and the top management of all wholly-owned subsidiary companies of the Selangor government, placed under MBI, will be reviewed.
She said that special emphasis will be placed on members of the board of directors and it will be implemented in stages, starting with Kumpulan Semesta Sdn Bhd (KSSB) and Permodalan Negeri Selangor Berhad (PNSB).
She said that the actions of MBI is in line with the principles of transparent and accountable governance practiced by Selangor since 2008, which has proven that the State Government is capable to increasing its level of efficiency in terms of expenditure and management.
“This is to ensure that board members appointed are qualified and experienced professionals who are able to take the subsidiary companies involved, including MBI, to a higher level. More importantly, to be able to realise the policies and aspirations of the State Government.
“It also aims to strengthen the role and functions of the board of directors through the insemination of ideas that can stimulate the growth of the company, thus bring about benefits to the state and the people of Selangor,” she said.
There are 12 MBI subsidiary companies, which are KSSB, PNSB, Kumpulan Darul Ehsan Berhad (KDEB), Selangor State Investment Centre (SSIC), Pendidikan Industri YS Sdn Bhd (PIYSSB) and Tourism Selangor Sdn Bhd.
Also, Rantaian Mesra Sdn Bhd, Majlis Sukan Negeri Selangor Holdings Sdn Bhd, Yayasan Warisan Anak Selangor (YAWAS), Communication Corporation Sdn Bhd (CCSB), Bukit Beruntung Golf & Country Resort Berhad and Yayasan Dar Al Qard Al Hasan Selangor.
NS
