Strategy - Approach
Our role as an active strategic investor now involves driving and creating greater shareholder and strategic value for the nation.
The new mandate that we have been given calls for professional and prudent management of the GLCs. The transformation of the GLCs calls for a coordinated effort between Khazanah Nasional and the GLCs. In this regard, we have instituted clear terms of engagement for both parties.
Khazanah strives to ensure strong and capable leadership within each GLC, people who are driven by business strategies that are workable and a passion for value creation at the Board and management levels. Khazanah will ensure that adequate key systems and controls are in place and with that, influence the evolvement of the industry structures by optimising the competitive and regulatory landscape.
With the broader aspects of the strategy in place, macro-managing the GLCs means that we will be monitoring their performance from a distance and empowering each GLC to execute their own tasks as they know best.
5 PILLAR TERMS OF ENGAGEMENT FRAMEWORK WITH GLCs
|Systems and Controls||
|monitor and empower||