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Want bonus, company trip? Get ministerial approval first, DPM Fadillah tells GLCs, GLICs

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Fadillah Yusof Nieuws

Glcs,Glics,Company Trip

KUALA LUMPUR, Nov 7 — All government-linked companies (GLCs) and government-linked investment companies (GLICs) will now require ministerial approval for bonuses, incentives, and...

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He was responding to news reports of an alleged company retreat by Pelaburan Hartanah Berhad to Bali. Fadillah reportedly confirmed that the retreat did not take place and that there was no separate retreat to any other country. The GLC’s CEO was said to have been granted a bonus amounting to RM210,00 despite the company only achieving 42 per cent of its targets.

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