Thursday, September 28th, 2006

Ten(10) Initiatives Under GLC Transformation Programme

Append below is the ten(10) initiatives under the GLC Transformation Programme presided over by the Putrajaya Committee for FLC High Performance (PCG).

PCG presently groups the heads of government-linked investment companies comprising EPF, Khazanah, Lembaga Tabung Amanah Tentera, Lembaga Tabung Haji as well as Permodalan Nasional Bhd

LIST OF TEN INITIATIVIES:

1

Green Book

Enhancing Board Effectiveness

To enhance board effectiveness through revamping board practices & processes

2

Directors Academy

Strengthening Directors Capabilities

To develop a strategy to directors to the right boards and also to establish a director academy.

3

Blueprint for GLICs

Enhancing GLIC Monitoring & Management Functions

To reinforce the ability of GLICs to monitor and manage individual GLCs

4

Programme for Managing Regulatory Environment

Improving Regulatory Environment

To enhance regulatory capabilities at GLCs and create a Regulatory Knowledge Network.

5

Silver Book

Achieving Value through  Social Responsibility

To guide GLCs in  becoming responsible corporate citizens while creating value for their shareholders and stakeholders

6

Red Book

Reviewing & Revamping Procurement Practices

To enhance the effectiveness and efficiency of the procurement processes in GLCs

7

Purple Book

Optimizing Capital Management Practices

To establish guidelines for GLCs to optimize their capital structure

8

Orange Book

Strengthening Talent Management Practices

To improve GLCs capabilities in attracting, developing and retaining talent through the adoption of best practices

9

Blue Book Version 2;

Announcement of Headline KPIs;

Programme on Value Based management


Intensifying Performance Management Practices

To encourage adoption of performance management best practices at GLCs

10

Programme on  the Framework for Continuous Improvement.

Enhancing Operational Efficiency and Effectiveness

To enhance operational efficiency and effectiveness through the adoption of a framework for continuous improvement.

(Source: The Star Malaysia(26/9/06)

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