Its experience is, sadly, not unique as other statutory bodies too are wrestling with the results of past mismanagement and failure in oversight. Statutory bodies may serve as more suitable platforms to execute certain administrative functions or house specific expertise. This is despite many being recipients of government grants, as statutory bodies accrued approximately RM18.1 billion in grants in 2018. There are 86 statutory bodies, more than three quarters of the total 113, which the government has administratively grouped under this description. Statutory bodies, after all, owe their existence, functions and powers to the legislature, and the latter should oversee them meaningfully.

Source: The Edge Markets February 17, 2021 02:03 UTC