KOTA KINABALU: The Sabah finance ministry is to oversee the state government’s Corporate Policy and Governance Monitoring Committee which supervises all state statutory bodies and government-linked companies, chief minister Hajiji Noor said today.
Hajiji, who is also the state finance minister, said the ministry would look into all aspects of corporate management, possible misconduct, monitoring and any freeze of salaries and allowances of all key management staff.
He said the enhancement policy includes enforcement on all non-compliance with government directives. The committee will closely monitor the financial management of SSBs and GLCs, especially involving the use of public sector resources.
“We will ensure that all appointed heads work with integrity and compliance with the law and management policy,” said Hajiji.
Hajiji said the committee would also scrutinise all SSB and GLC proposals for approval to ensure the strengthening of corporate management, operational effectiveness, sustainability of financial performance and the capability of their respective directors.
“The state government will ensure a high rate of transparency and accountability in the management of the operations of the SSBs and GLCs in Sabah. We want to ensure long-term financial stability, commercial viability for return on investment and best corporate practices,” he added.