ONLY those who are eligible and meet the “fit and proper” criteria are appointed to the board of directors of statutory bodies and firms under Minister of Finance Inc (MOF Inc), says the Prime Minister.
Datuk Seri Anwar Ibrahim said such posts were offered to those who are qualified and meet a list of criteria.
This includes possessing at least a Bachelor’s degree or any equivalent academic or professional qualifications, with experience serving in related fields such as financial, accounting or law.
They also need to have expertise relevant to the statutory bodies or companies, such as trade, accounting, law, marketing, management or other fields.
The Prime Minister said the appointments, which included politicians, involved a proper screening process to ensure candidates were fit for the positions and responsibilities.
“The appointments of board members in the federal statutory bodies are made based on their respective Articles of Association. This is to ensure it (the appointment) does not conflict with regulations,” he said in a written reply to Datuk Seri Takiyuddin Hassan (PN-Kota-Baru).
Takiyuddin had asked the Prime Minister to explain the criteria involved in appointing politicians for statutory bodies, government-linked companies and other government-related firms.
Anwar, who is also Finance Minister, said the candidates’ abilities, diversity of background and expertise were also taken into account, and candidates for MOF Inc firms that were listed on Bursa Malaysia were scrutinised by the companies’ nomination and remuneration committee.
The candidates were also reviewed by the Securities Commission, the Malaysian Anti-Corruption Commission, Insolvency Department, Chief Registrar’s Office of the Federal Court and Bank Negara Malaysia.
