KOTA KINABALU: Datuk Dr Yusof Yacob is fully aware of the tasks entrusted to him as the new chairman of state government investment arm Qhazanah Sabah Berhad (QSB).
"It is without doubt not an easy job. However, I have had the privilege of actively engaging with the management team across the group,” he said, after delivering his first annual address during a town hall session at the Sabah International Convention Centre here on Tuesday .
He added that he holds on to the principle of good governance and transparency and added that he believes that an optimum ecosystem shall be subject to continuous review to ensure sustainability, relevancy and agility. "QSB has a lot of potential and can grow further but certain rules need to be followed, and the main thrust is good corporate governance which must be practiced at all levels of QSB," he said.
Firstly, he said, their investment pipeline must align with the aspiration of the state which is to create a significant spillover impact that can be used to alleviate the socio-economic level higher than what it is. "This is what QSB aims to do via joint ventures with carefully selected partners that can provide technical expertise and technology transfer to our local workforce," said Dr Yusof.
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