Reported in The Business Time (22/7/2006):

There was this 10th meeting of the Putrajaya Committee on GLC High Performance (PCG) where the following were highlighted:

• GLCs to play a leading role in the development of the country, in particular through greater investments under the Ninth Malaysia Plan,
• Should consider the multiplier effect on the economy in making their investment decisions, which will help maximise the impact of their investments,
• “GLCs can also enhance their contribution to the economy not only by cultivating a high-performance culture, but also in ensuring they are contributing towards national development,
• GLCs to find ways to help enhance the employability of graduates by providing them with on-the-job training programmes and training in soft skills, as part of the GLCs’ human capital development programmes,
• At the meeting, the CEOs briefed and updated the PCG on their progress to date in implementing the Blue Book (Intensify performance management practices), the Green Book (Enhance board effectiveness) and the Red Book (Review and revamp procurement).

Interestingly, at the meeting, the membership on the GLC Roundtable of 15 top GLCs has officially expanded to 20. ( Refer below)

Existing GLC Companies:

1. Affin Holdings Bhd
2. BIMB Holdings Bhd
3. Boustead Holdings Bhd
4. Bumiputra-Commerce Holdings Bhd
5. Golden Hope Plantations Bhd
6. Kumpulan Guthrie Bhd
7. Malayan Banking Bhd
8. Malaysian Airline System Bhd
9. Malaysia Building Society Bhd
10. Malaysian Resources Corp Bhd
11. Proton Holdings Bhd
12. Sime Darby Bhd
13. Telekom Malaysia Bhd
14. Tenaga Nasional Bhd
15. UEM World Bhd

New GLC Roundtable Members:

16. Chemical Company of Malaysia Bhd

17. Malaysia Airports Holdings Bhd

18. Pos Malaysia and Services Holdings Bhd

19. TH Plantations Bhd

20. UMW Holdings Bhd

Welcome to the Malaysian club of GLC. Whatever it is, with the GLC transformation program earlier launched by our Prime Minister quite a while ago coupled with the three (3) colorful books, let’s look forward to higher corporate governance, transparency, disclosure and achievement of their respective key performance areas/indicators.