Ex-PNB CEO: Political appointments taint investors' image of M'sian firms

The recent spate of political appointments to the boards of directors of various government-linked companies (GLCs) will have a “terrible” impact on the perception of investors on transparency and integrity in corporate Malaysia, said former Permodalan Nasional Berhad (PNB) CEO Abdul Jalil Rasheed.

“I think appointing politicians to board is going to set the country back a long way in terms of perception...