Experts say more changes could be expected to boost governance and the roles of chairmen and CEOs, which, in turn, will boost market sentiment. Last year saw leadership changes at more than a dozen government-linked corporations and key agencies, including Khazanah Nasional Bhd, Telekom Malaysia Bhd, and Petronas. There has been strong market talk that another round of restructuring is expected to commence among top brass and senior management in GLCs this year. Last week saw the first board appointment among GLCs this year, with former judge Tan Sri Zainun Ali appointed as Malaysia Airports Holdings Bhd (MAHB) non-independent, non-executive chairman. Putra Business School Associate Professor Dr Ahmed Razman Abdul Latiff expects future appointments of new corporate leaders to improve governance. “This is important to regain stakeholders’ confidence and trust. As long as the government keeps its promise of no political interference in GLCs, I am confident the share market performance will improve.”

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New Straits Times