Government-linked Companies Blue Book (GLCs Blue Book) as a complement to Balanced Scorecard (BSC) in the Government-Linked Companies transformation program

This paper proposed to discuss the concept of the Government-linked Companies Blue Book (GLC Blue Book) and Kaplan and Norton's Balanced Scorecard (BSC). Government-linked Companies (henceforth, GLCs) play important role in the Malaysian economy with nearly 49% of market capitalization. However, the government is the view that their performance is still considered to be unsatisfactory. In an effort to transform these GLCs to be as competitive as the regional counterpart a major effort has been taken by introducing the Government-linked Companies Transformation Program. The program has several initiatives and guidelines to steer the GLCs in becoming a better performed organizations financially and operationally. The initiatives among others put forth the introduction of different coloured books stressing on different aspects. The program suggests the utilisation of the Government-linked Companies Blue Book together with corporate scorecard. Hence, this paper proposed to discuss the Government-linked Companies Blue Book (henceforth, GLC Blue Book) framework as underlined in the Transformation Program and Balanced Scorecard as the performance measurement tool to demonstrate the relevancy of the GLC Blue Book) and BSC to improve GLCs performance especially from the perspective of Enterprise governance. The GLCBB is a framework introduced in the Transformation Program as a guide to the GLCs in their transformation. Balanced Scorecard (BSC) on the other hand is a tool to support the GLC Blue Book implementation. Use together, both the GLC Blue Book and the BSC will eventually help GLCs to improve their performance.