KUALA LUMPUR: Private-public partnerships (PPP) should be a mutually beneficial relationship, said Malaysian Directors Academy (Minda) chief executive officer (CEO) Datuk Abdul Aziz Abu Bakar.
He said one of the biggest challenges facing PPP was the alignment of objectives between the public and private sectors.
“It has to be mutually beneficial. Usually the government will put money into a project without looking at the return on investment. However, that is a key concern for those in the private sector,” Abdul Aziz yesterday told a press conference about the International Directors Summit 2014, which will be held from Oct 27 to 28 at the Intercontinental Hotel here.
“There are just some projects that the private sector cannot take on alone because the benefits of bringing in the public sector are just too great,” he said.
Meanwhile, Razak School of Government (RSOG) CEO Dr Hamidin Abdul Hamid said another challenge facing the partnerships was people's expectations as there was no clear-cut boundary seen in the services provided by the public and private sectors.
Hamidin hopes that the summit will provide a platform for synergising ideas and thoughts for directors in both sectors.
The RSOG and Minda are joint organisers of the International Directors Summit 2014.
The summit, themed “Inculcating Innovation, Catalysing Growth though Public-Private Partnerships”, aims to provide a platform in which more than 300 local and regional directors and leaders can convene to address emerging issues, exchange ideas, share knowledge and impart experience.
This article first appeared in The Edge Financial Daily, on October 3, 2014.