Kota Kinabalu: Invest Sabah Berhad (ISB) has completed an internal governance review aimed at strengthening its administrative processes and operational procedures, said ISB chairman Datuk Roger Chin on Sunday.
The Sabah State Internal Audit Department conducted the review, and its findings were submitted to the Chief Minister, the Finance Ministry and the Industrial Development, Entrepreneurship and Transport Ministry.
The exercise formed part of ongoing State efforts to ensure key institutions operate in accordance with recognised corporate governance standards and included recommendations to enhance documentation, administrative procedures and internal governance practices.
The Board of Directors accepted the recommendations and has begun implementing measures to strengthen transparency, accountability and operational effectiveness while acknowledging the contributions of previous leadership and management in developing ISB as the State’s investment promotion agency.
The organisation also announced the appointment of Kevin Ukang as chief executive officer as it enters a new phase of leadership and continues strengthening its role as Sabah’s One-Stop Investment Facilitation Centre supporting investment promotion and economic development.