Mahathir, it is wrong for you to chair Khazanah. Full stop.



TTF: Dr Mahathir Moahamd asked if it was wrong for him to chair Khazanah.

According to him, he is not the CEO of the company and is not going to receive a RM7 million pay check.

But here's what he forgot to tell you:

1. By assuming the role of chairman, he gets to chair all board meetings and decide the order of each meeting.

2. It follows, that he will get to direct discussions and influence decisions in ways that suit his whims.

3. He will also take a leading role in determining the composition and structure of the company's board to ensure that everyone is on a page with him.

4. There was nothing wrong with Khazanah's board prior to the mass resignation of all its members.

5. As a matter of fact, former Managing Director Azman Mokhtar managed to increase the company's net worth by RM75.1 billion in less than a decade.

6. Yet, Mahathir accused the board of "doing all kinds of funny things" without once telling us what those things were.

7. Even if his intent was to revamp the company, he should have stuck with Pakatan's election manifesto, which, among others, require that there be no political appointments to government-linked companies (GLCs).

8. Mahathir is the Prime Minister of Malaysia. Dato' Seri Azmin Ali, on the other hand, is the Minister of Economic affairs. 

9. There is absolutely no question that their recent appointments to Khazanah are politically motivated and contravene terms associated with Pakatan's election manifesto.

11. As it is, Mahathir may already have abused his power as the GLC's new chairman by not calling off the award of a RM11.6 million project by Telekom Malaysia to Opcom Holdings Bhd (OPCOM).

12. Telekom is a subsidiary concern of Khazanah's, while Opcom is owned by two of Mahathir's sons and controlled by one of them.

12. His refusal to call off the project raises concern that he himself had a hand in its award and may ultimately end up benefitting from it.
And yet, he has the cheek to ask if it is wrong for him to chair Khazanah.

Bookmark the permalink . RSS feed for this post.
Jom komen di Facebook!

One Response to Mahathir, it is wrong for you to chair Khazanah. Full stop.

  1. Generate asset dari 33 billion sampai 134 billion, tersangatlah banyak, outstanding performance. Bagi bagi gaji 7 juga apa salahnya? Mahathir kalau mahu gaji seperti itu sila resign PM dan jadi fund manager dalam syarikat2 international, anda akan dibayar berganda2....

    BalasPadam

Catatan Popular di Pewaris Melayu 30 hari lepas

Followers

Swedish Greys - a WordPress theme from Nordic Themepark . Converted by LiteThemes.com .