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Category FAQs Search : Government Investment Companies Division (GIC)

Question: What are Government-Linked Companies (GLC)?

Answer: GLCs are defined as companies that have a primary commercial objective and are under the control of a GLIC. A GLIC has control over a GLC when it is the majority shareholder or single largest shareholder and when it has the ability to exercise and influence major decisions such as appointment of board members and senior management and so on. Subsidiaries of such GLCs fall under the purview of the GLCT Programme.
For more information about GLC, please visit Putrajaya Committee on GLC High Performance website at http://www.pcg.gov.my

(Source: Official Portal of Ministry of Finance, 24 Feb 2025)

Source Link: https://www.mof.gov.my/portal/pdf/bahagian/gic/faq-en.pdf