MTUC wants rep on EPF Investment Panel

N.Gopal-Kishnam

KUALA LUMPUR: The Malaysian Trades Union Congress (MTUC) wants to be represented on the Employees Provident Fund (EPF) Investment Panel.

EPF’s total investment was already at RM468 billion locally and RM118 billion overseas, noted MTUC Secretary-General N Gopal Kishnam in a statement. “These investments in equity, bonds and properties need oversight.”

He added the workers wanted to see good governance at EPF, given the funds it holds.

At present, MTUC only has members on the EPF Board.

He said this in welcoming “various new strategies” being introduced by EPF.

However, said Gopal, the workers want EPF to maintain high standards of transparency and efficiency in all its undertakings.

“EPF should keep the contributors informed on their dealings,” he said. “EPF is the guardian of workers contributions.”

On another matter, he said the MTUC continued to receive complaints about companies which were anti-labour.