Standing tall: The PNB Tower at Jalan Tun Razak. For PNB, the aim is to enhance wealth of unitholders.
THE topic of government-linked investment companies (GLICs) often illicit strong response from the public.
The sceptism is understandable given the veil of secrecy most GLICs operate within, and the lingering question what and how these institutions carry out their duties.
My experience in helming a GLIC unveiled certain structural challenges, which I have simplified as the 4Ds.
Definition
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