Report Telekom S Ceo Saga Raises Concerns Over Putrajaya S Meddling In Glcs

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The confusion over the appointment of Telekom Malaysia (TM) Berhad’s chief executive officer (CEO) has raised concerns over Putrajaya’s meddling in the affairs of government-linked companies (GLC), the Straits Times (ST) reported.
(MMO) – TM has been without a permanent CEO since the resignation of Datuk Seri Mohammed Shazalli Ramly, who was also a media adviser to former prime minister Datuk Seri Najib Razak, in June last year.
ST said this has raised concerns of political interference from the Prime Minister’s Office (PMO) in TM’s operations, seeing how the telecommunications provider has not filled the role since after the May 9 general election last year.
TM previously had two acting CEOs in the past one year.
The chairman of TM, Rosli Man, previously refused to confirm acting CEO Imri Mokhtar for a permanent position despite a directive from MoF Inc, which has a golden share in the firm.
“Such concerns will be exacerbated when huge state enterprises like Telekom are operating without a CEO for 12 months and the blame game over the delay is played out in the open among key stakeholders,” political risk consultancy KRA’s strategy director Amir Fareed Rahim told ST.
ST reported that the Institutional Investors Council of Malaysia adviser Lya Rahman was at TM’s annual general meeting when Rosli first told shareholders the Finance Ministry (MOF) had not responded to its recommendation for Imri to become CEO.
However, he then reportedly backtracked, saying that MOF had already given its approval in February, but the PMO stepped in later, to block the appointment.
“Either he (Rosli) was trying to cover up something or, having been caught in a quandary, he (said) something which he shouldn’t. From a corporate governance standpoint, the different accounts are troublesome,” she said.
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