IIC pushing for better corporate governance
Prathab V | 05 Jul 2019 00:30
Recent corporate shareholder activism involving two of the largest governmentlinked companies (GLCs) on Bursa Malaysia, has brought to the fore the rising sentiment among institutional investors on matters related to corporate governance. The two GLCs, Telekom Malaysia Bhd (TM) and Tenaga Nasional Bhd (TNB), were said to be in breach of the corporate governance code.
It all began when TM and TNB signed a memorandum of understanding (MoU) in January to consider rolling out the government’s National Fiberisation Plan (NFP). It is estimated that the NFP project could be worth some RM10 bil.
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