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06 March 2022

What is PLC Transformation Programme and its 5 Pillars?

“As one of the key drivers towards building a resilient economy for Malaysia, it is more important than ever to empower PLCs to enhance their market competitiveness, so they can help grow and sustain investors’ interest in our capital market,” said YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz.

What can we do?
What is the incentive?
Wow! Got books to study ah? πŸ˜†πŸ˜…

What does this PLCT programme is all about?
The objective of the PLC Transformation Programme is to help raise the stature of Corporate Malaysia and increase the attractiveness of public listed companies (“PLCs”) in Malaysia.

The programme, which will run through to 2025, aims at steering all PLCs towards accelerating their growth strategies and improving performance. Besides enhancing their positioning and attractiveness, the outcome will also serve as a catalyst to elevate our market’s competitiveness vis-Γ -vis other exchanges in the region.

"A high performing Corporate Malaysia in turn supports a more attractive capital market, brings in more investors (local and global) and contributes to a stronger economy."

From left to right: Tan Sri Mohammed Azlan Hashim, Chairman of Telekom Malaysia Bhd, Datuk Syed Zaid Albar, Chairman of the Securities Commission Malaysia; YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Finance; Datuk Muhamad Umar Swift, Chief Executive Officer of Bursa Malaysia; and Dato' Sri Amrin Awaluddin, Group Managing Director & Chief Executive Officer of Lembaga Tabung Haji

Fundamentally, the programme will help PLCs achieve higher levels of performance through sharing of best practices and insights, enhanced engagement, and greater transparency practices.

The programme is relevant to all PLCs, regardless of size or sector.

Programme Highlights

Core to the PLC Transformation Programme is the development of five digital guidebooks, based on the following key tenets for PLCs:
  1. Be Purpose and Performance-Driven;
  2. Grow as Sustainable, Socially Responsible and Ethical Organisations;
  3. Have Strengthened Stakeholder Management and Investor Relations;
  4. Be Digitally Enabled; and
  5. Contribute towards overall Nation Building.
All the digital guidebooks will be issued in 2022.

Each book includes best practices, guidance, case studies, and additional useful tools or checklists, to guide PLCs in their reflection, and to help participating PLCs assess how best to adapt and adopt the relevant best practices into their own businesses and operations.


Via the PLCT Programme, participating PLCs will be invited to, and can opt-in for various engagement initiatives, online webinars or workshops, or other support by industry champions or corporate leaders, in their transformation journey.

Digital Dashboard for Transparency

This is a platform that will showcase the progress and updates of participating PLCs’ in the journey throughout the programme. It serves to track participation and outcomes of the programme, and inspire other PLCs to assess or improve their performance. The dashboard will be up towards the end of 2022.

Although the PLC Transformation Programme is not prescriptive, the efforts and progress of these PLCs will be monitored via a digital dashboard to encourage transparency and effective achievement of the intended outcomes.

Incentives for Participating PLCs 😍

PLCs that participate in the programme will be better poised to strengthen their position in Corporate Malaysia in the eyes of investors, as they make commitments to achieve certain goals and objectives that coincide with their own transformational journey.

Participating PLCs will be eligible to benefit from a range of incentives, such as:

For more information about the PLCT Programme, please visit or email


Guide Book #1
Creating Purpose & Performance Driven PLCs

As PLCs embark on the journey to be performance-driven companies. It is important to note that, companies are already experiencing increasing pressure to become more efficient and agile, while balancing the need for greater insights into their operations today.

A framework is only as good as its application. Various key elements need to be considered when applying the Performance Driven Framework for PLCs. These initiatives will enable PLCs to better adapt elements of the framework to their specific circumstances and needs.

Click here to download the full guidebook of "Purpose & Performance Driven Guidebook".

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