Saturday, July 16, 2016

Johari stresses adherence to principles of good corporate governance

By Sharen Kaur
Published in NST, July 15

NEWLY minted Second Finance Minister Datuk Johari Abdul Ghani is resolute in ensuring that the business and affairs of all companies under Minister of Finance Inc (MOF Inc) are in strict adherence to the principles of good corporate governance.

The principles include integrity, transparency, accountability and responsible business conduct.



“Corporate across the board, not just MOF Inc companies, have to be mindful of the three important elements that make a business successful. “They are having a sustainable business model, and good management and corporate governance. Without either one, a business will fail. Once you have the three elements, profit will come naturally,” said Johari, adding that he enjoyed working with people who were committed and focused on their work.

Johari, having been in office for only 19 days, has already tasked a team with reviewing all companies under MOF Inc to ensure that they remain focused on their respective fields.

Born in Kampung Pandan, Kuala Lumpur, in 1964, Johari obtained a diploma in Accounting from Institut Teknologi Mara in Shah Alam in 1985 and furthered his studies in the United Kingdom.

The fellow-certified chartered accountant started his career as an auditor with Peat Marwick & Co (now known as KPMG).

He has held directorship positions in local public-listed companies, including as chairman of UDA Holdings and group managing director of CI Holdings Bhd (from November 2002 to July last year).

He has more than 23 years of cumulative experience in the corporate scene, having also served as group managing director of KFC Holdings Malaysia Bhd and QSR Brands Bhd.

Johari, 52, had been vocal about the government providing affordable homes for the middle- and low-income groups in Kuala Lumpur when he was a backbencher.

He said despite his busy schedule, he made time for golf as it was one of his favourite sports.

  /ends

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