Lapasar
Compliance & Governance

Government-Linked Company (GLC)

Also known as: GLC

A government-linked company (GLC) is a business in which the government holds a significant or controlling stake, subject to stronger procurement governance expectations.

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GLCs operate commercially but are influenced by government ownership, so their procurement typically follows stricter governance — structured approvals, transparent sourcing, audit trails and often Bumiputera vendor participation reporting. They sit between fully public and fully private procurement in their obligations.

For suppliers, selling to GLCs usually means meeting compliance requirements such as MOF registration and being able to support audit and participation reporting. Procurement platforms help GLCs enforce governance and generate the reports they need.

Frequently asked questions

What is a government-linked company?
A GLC is a company in which the government holds a significant or controlling stake. GLCs operate commercially but follow stronger procurement governance than typical private firms.
How is GLC procurement different?
It usually requires stricter governance — structured approvals, transparent sourcing, audit trails and often Bumiputera vendor participation reporting.

Go deeper

GLC & government procurement

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Operating model · diagram

  1. 01

    AI-first software

    AI-first procurement software for long-tail spend

  2. 02

    Live marketplace

    A live B2B marketplace

  3. 03

    Human services

    Human sourcing and support

  4. 04

    Optional add-on

    Fulfilment support for merchants