KUALA LUMPUR: Public Accounts Committee (PAC) chairman Datuk Mas Ermieyati Samsudi has called for an investigation into governance practices under government-linked company Pelaburan Hartanah Bhd (PHB) over recent news concerning the spending and bonuses of company executives. The call comes after a media report last month revealed PHB’s chief executive officer received a massive three-month salary bonus of RM210,000 despite the company’s poor performance in achieving only 42% of its key point indicators (KPI). PHB, which is the property investment arm of Yayasan Pelaburan Bumiputera, seemingly luxurious executive benefits were also questioned after it was revealed there were also plans for an overseas luxury holiday for employees which was shortly scrapped once it was reported.
She demanded that there should be more transparency over how funds at government-linked companies (GLCs) are managed, especially after similar controversies involving fellow GLC Khazanah Nasional Bhd and Permodalan Nasional Bhd (PNB) over investment losses with FashionValet. “There must be a clear and public justification for giving the PHB chief executive officer such a bonus despite failing to hit the KPI. “It was also worrying that the executives only cancelled the luxury trip after it went viral on social media and was met with much backlash,” she told the Dewan Rakyat during a debate session on the Supply Bill 2025 on Monday (Nov 4).
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