KUALA LUMPUR, Nov 18 (NNN-BERNAMA) — The government is putting in place enough checks and balances as well as reforms to ensure that there will be no repeat of a “1Malaysia Development Bhd (1MDB)”, said Datuk A. Kadir Jasin, Special Advisor to the Prime Minister on Media and Communications.
He said the reforms would safeguard the country under any government and ensure that they would not be able to establish another entity such as the 1MDB.
“Even if this government gets kicked out in the coming election, I hope and I think you must make it happen that the reforms cannot be rolled back.
“So, that is the thing that the government has done,” he said during a panel discussion at the Institutional Investors Council Malaysia (IIC) – Securities Industry Development Corporation (SIDC) Governance Convention 2019 here, today.
Additionally, Kadir said corrective measures were also being taken to restructure poorly managed government-linked companies (GLCs).
“There are very good GLCs and also some very poorly managed GLCs. We have seen in the case of one or two — which are agencies rather than companies — where civil cases are being taken against the chairman, board members and senior management.
“I think this should send a strong signal to the corporate sector, particularly the GLCs, that the government will not tolerate any hanky-panky in the management of these companies,” he added.
With this development, Kadir said the government is making progress in fulfilling its promises made during the May 2018 general election.
He said as of September this year, more than 100 from 400 promises has been fulfilled by the government.
“The outcome of nine by-elections, parliamentary and states since May 9 has been 50-50, PH won five, BN won four, so its equal.
“We still have a couple of things to fulfill to make governance and integrity measures more concrete,” he added.
–NNN-BERNAMA