KOTA KINABALU: Sabah Chief Minister Datuk Seri Musa Aman today issued a stern warning to managers of state-owned government-linked companies (GLCs), saying that those who failed to perform are at risk of being replaced.
In giving this tough reminder, he said as managers, every measure needs to be considered to turn around agencies that are not doing well or failed to meet the targeted expectations.
He said replacing the management team, including the chairmen and directors, to improve the performance of these companies is "not out of the question".
Musa was responding to an additional inquiry by Limus Jury (BN-Kuala Penyu) during the state assembly sitting here today.
"The state government will replace underperforming management with those who are more experienced and committed.
"It is nothing personal. We simply believe in putting the right people in the right place and position," he said.
Such meritocratic concept, he said will bring in productivity that will later translate to better returns and ensure that the profits made will trickle down to the people.
State Finance Assistant Minister Datuk Ramlee Marhaban, in replying the original question, said 15 GLCs recorded profits last year resulting in total dividends payout of RM286 million to the state government.