LEOW PEEN FONG
Independent Non Executive Director
Leow Peen Fong, aged 62, was appointed to our Board as an Independent and Non Executive Director on 2 March 2018.
BOARD OF COMMITTEE MEMBERSHIPS
- Governance and Risk Management Committee (Chairman)-Appointed effective from 1 September 2018
- Bachelor of Arts (Economics) Universiti Malaya (1980)
- Diploma in Public Administration (1981)
- Master of Arts (Development Economics), Williams College, USA (1991)
- Advanced Management Program, Fontainebleau, France (2007)
SKILLS AND EXPERIENCE
She was formerly the Chief Operating Officer of Suruhanjaya Perkhidmatan Air Negara (SPAN) before she retired from the position in November 2017. During her tenure in SPAN, she was involved in determining the policy and direction of the Malaysian water services industry reform from its conception which resulted in the passing of the Water Services Industry Act, 2006 (WSIA), to execution as well as monitoring the implementation to:-
- develop an industry model that will transform the water services industry into a sustainable and well-regulated industry that strives for better water conservation and efficiency through right pricing of water, coupled with innovative financing instruments to secure funding to finance the cost of upgrading and replacing ageing assets as well as the construction of new infrastructure;
- restructure state water authorities’ debt by providing new financing models and to work towards full cost recovery;
- develop a tariff setting framework that promotes efficiency and transparency, provides consumers with a fair and affordable price structure, and ensures reasonable returns that commensurate with the risks taken by the operators;
- develop key management tools to measure and evaluate the performance of licensees by developing performance standards and Key Performance Indicators (KPIs) for water services and sewerage services licensees.
- Integrate the water and sewerage services;
- develop and standardize rules and regulations to guide developers, contractors and licensees towards high quality service delivery; and
- enforce the related laws and regulations.
Before she joined SPAN, she held various positions in the Ministry of Finance Department (“MOF”) of Malaysia from 1988 to 2007. With her vast experience in the public financial sector, she was tasked with restructuring the corporate debt of several privatized projects during the Asian financial crisis of 1997/1998. The major restructuring exercise that she had completed at the height of the financial crisis included the debt restructuring of highways, telecommunication and the takeover and merger of the light rail transit companies. She has also been placed in the Economics Division which responsible for macro-economic scenario planning and forecasting as well as preparation of the Annual Economic Reports. The Economic Reports focused on the performance of the economy for the year as well as the outlook for the following year.
She also served in the Ministry of Health (“MOH”) from 1981 to 1988, where she was responsible for the projection and management of manpower needs of the support services for the health sector which comprise categories such as dietitians, nutritionists, welfare officers and researches. The management of manpower of these categories include the placement of officers in the various hospitals, clinics as well as research and training institutions, confirmation, discipline as well as charting their career development paths.
DIRECTORSHIPS IN OTHER PUBLIC COMPANIES