Kuala Lumpur: New legislation to govern federal statutory bodies and their subsidiaries is to be introduced, the Prime Minister’s Office (PMO) said today.
The new law aims to strengthen the legal governance of these bodies, focusing on aspects such as loans, investments and the establishment of subsidiaries, it said in a statement.
The decision was made when the special Cabinet committee on national governance, chaired by Prime Minister Anwar Ibrahim, met recently.
It is part of efforts to enhance the efficiency of public service delivery.
SPONSORED CONTENT Shell awards Sabah LiveWIRE winners Kota Kinabalu: Shell has awarded five enterprises as the state winners of Shell LiveWIRE Malaysia 2024, following the Sabah state finals held at Plaza Shell in Kota Kinabalu. . Read more The PMO also said a Government Procurement Bill would be prepared, with a complaint mechanism established in accordance with international standards.
The Cabinet committee also decided to form a task force under the Enforcement Agency Integrity Commission (EAIC) to implement the recommendations of a separate panel that reviewed custodial deaths.
This will cover enhancing existing laws, SOPs and infrastructure, with the relevant enforcement agencies implementing this while being monitored by the respective regulatory entities.
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