KUALA LUMPUR, Oct 22 – Loss-making or poorly managed government-linked companies (GLCs) will no longer enjoy hefty bonuses, says Datuk Seri Anwar Ibrahim.
The Prime Minister said that he had put his foot down last year to stop such practices, particularly involving GLCs which have reported losses or were poorly managed, the Star reported.
“The companies (GLCs) that do not record profits or are poorly managed should not assume that they will continue to receive their bonuses.
“For a long while, I have noticed that they assume it is normal to get between six and eight months’ bonus.
“This is why we have stopped and I said no more to this last year,” he said this when replying to a supplementary question raised by Datuk Mohd Shahar Abdullah (BN-Paya Besar) in Dewan Rakyat on Tuesday.
Anwar said that those chosen to lead the GLCs should be aware that they have a responsibility towards achieving the goals for their respective companies.
He acknowledged that most GLCs were performing accordingly, citing the example of Ramly Burger and Aerodyne Group which have since become global players.
