PNB plans to boost performance of strategic companies | Malay Mail

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KUALA LUMPUR, May 4 — Permodalan Nasional Bhd (PNB) plans to bolster the performance of its strategic companies by launching a Stewardship Framework that institutionalises governance best practices. In a virtual press conference on its Annual Report 2019 and Strategic Plan 2020-2022,...

People walk past a Permodalan Nasional Bhd logo in Kuala Lumpur March 15, 2018. — Picture by Azneal Ishak

He said the key components to achieve this included ensuring their strategic planning was in order, encouraging prudent capital allocation that would drive performance in the short- to medium-term, and improving accountability by encouraging companies to publish their key performance indicators transparently.

Jalil said PNB would also be writing an annual shareholder letter to its strategic and core investment companies which would detail its assessment of the companies’ operating performance. Moving forward, Zeti said the global economic recovery would depend on how successful the world is in containing the Covid-19 pandemic, the effective implementation of the policy measures that had been introduced, how the post-economic shutdown was managed and when a vaccine might be developed.

 

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