Why should Mentri Besar Incorporated companies be scrapped?

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Mentri Besar Incorporated Companies Should Be Scrapped Due to Lack of Transparency and Accountability

Mentri Besar Incorporated (MBI) companies should be abolished because they operate without adequate transparency and accountability mechanisms. These entities share functional similarities with State Economic Development Corporations (SEDCs), which were established earlier, dating back to the 1960s, and possess more robust oversight structures. The absence of a board of directors in MBIs, their direct subordination to the Mentri Besar, and the lack of federal government linkages contribute to their deficiency in accountable and transparent processes.
Absence of Board of Directors and Federal Oversight

Unlike State Economic Development Corporations (SEDCs), Mentri Besar Incorporated (MBI) companies are not equipped with a board of directors. This structural difference means MBIs fall directly under the control of the Mentri Besar, bypassing the collaborative oversight typically found in more established state economic entities. Furthermore, there are no established links to the federal government for MBIs, unlike SEDCs which benefited from connections through the Economic Planning Unit (EPU).
Comparison with State Economic Development Corporations

State Economic Development Corporations (SEDCs), incorporated since the 1960s, have historically incorporated a degree of federal government involvement. Their boards often included bureaucrats, federal representatives, and relevant stakeholders, creating a system of checks and balances. This contrasts sharply with MBIs, which lack such federal connections and a formal board structure, leading to concerns about accountability and transparency in their operations.
Redundancy and Lack of Justification

The functions performed by Mentri Besar Incorporated (MBI) companies appear to overlap significantly with those already managed by State Economic Development Corporations (SEDCs). Given that SEDCs have a more established framework for oversight and accountability, the continued existence of MBIs, which perform similar tasks without comparable governance structures, raises questions about their necessity and justification within the state economic landscape.
Concerns Over Political Patronage

The structure of Mentri Besar Incorporated (MBI) companies, being directly controlled by the Mentri Besar and lacking external checks, presents a potential avenue for political patronage. This lack of transparency and the absence of federal oversight create an environment where these entities could be utilised for purposes beyond public interest, deviating from the principles of proper and transparent domestic enterprise development.

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Why should Mentri Besar Incorporated companies be scrapped?

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