HOW MUCH IS HIDDEN? Pay for Elites in Government-Linked Entities
The presence of government-linked entities as influential players in the financial markets and economy sets Malaysia’s business ecosystem apart from competitive market-based systems. Ownership and control of these entities give the government considerable power and influence over the appointments and the remuneration packages of their directors. A wave of scandals involving these entities has worsened confidence in the performance of their boards of directors and raised questions on the role of their remuneration practices. But little is known to date on these practices.
“Professors Marizah Minhat and Nazam Dzolkarnaini’s book is provocative and compelling read. Their research team document salient new trends in boardroom pay in Malaysian Government Linked Enterprises. They make a strong case for more pay disclosure and transparency; a fact built upon international standards of executive compensation disclosure at public traded companies. This book is essential reading for those interested in corporate governance in Asian economies.”
— Professor Martin Conyon, Bentley University, USA