The Role of Government Ownership Towards the Performance Management Decisions in the Government-Linked Companies

Abstract

Having government ownership of the government-Linked companies (GLCs) can influence the company's operation. However, literature mainly discusses the macro level's influence, such as financial performance. Few studies had looked at the micro-level management of the GLCs, especially on the organization's performance management. It can be assumed that GLCs are responsible for their performance management; however, government ownership influences management decisions upon closer look. They may influence the setting up of the KPI, the rewards for employees, and the rating system in the company. Hence, this research tries to shed light on how government ownership influences the performance management of the GLCs in Brunei Darussalam. The methodology used here is the semi-structured interviews with several GLCs and the investment holding company managing these GLCs. Future research can extend more on the government's management decision role towards the GLCs.