Malaysia Corporate Community

Government-Linked Corporations, Public Listed Companies, & Business

Government-Linked Corporations

Corporations commonly known as Government-Linked Companies or GLCs are the agencies mandated to drive shareholder value creation, efficiency gains and enhance corporate governance in companies controlled by the government.

Initially tasked with the management of the country’s government-owned national assets and resources, these companies have evolved with the times, and under government directives, have put their housekeeping in order. GLCs are tasked to nurture the development of selected strategic industries in Malaysia with the aim of pursuing the nation’s long-term economic interests.

As trustees to the nation's commercial assets, GLCs’ main objective is to promote economic growth and make strategic investments on behalf of the Government which would contribute towards nation building. The newly revamped government-linked companies look set to promise greater efficiency backed by a market-driven focus.

Within this group are companies and individuals that are committed to nation building as its common bond and have acquired ailing public sector enterprises and injected a private sector management style, often with dramatic results. They created a buzz and a new term that, although has yet to be mandated by the power-to-be, is taken to encompass all government-linked corporations and companies, including utility managers. According to the Ministry of Finance, GLCs is defined as a company where majority ownership is held by the Malaysian Government via several institutions such as Khazanah Nasional Berhad and Permodalan Nasional Berhad.