Transformational Leadership for Effective Corporate Governance in Public Sector Enterprises

Abstract

The Covid-19 pandemic has disrupted not only the socio-economic organizations of nations but, more specifically, the corporate governance of organizations, including public sector enterprises. The corporate governance structures were altered during the pandemic, enabling organizations to survive and sustain, resulting in long-term changes for organizations to govern their operations. As the pandemic is under control, public sector enterprises need to revisit and enhance their corporate governance processes and execution plans to remain effective and sustainable. They must overcome the challenges hindering the implementation and progress of effective corporate governance in the new normal. Malaysian experience is showcased in this chapter to demonstrate the relevant applications relating to effective corporate governance in public sector enterprises. Moreover, this chapter aims to deliberate the essence of transformational leadership and discuss the strategic ways through transformational leadership to improve the effectiveness of public sector enterprises' corporate governance in the new normal.