Managing change at Muhibbah Engineering (M) Bhd / P. R. Bhatt, R. Rathish Bhatt.

Format:

Book

Author/Creator:

Bhatt, P. R., author.

Bhatt, R. Rathish, author.

Series:

SAGE Knowledge. Cases.

SAGE Knowledge. Cases

Language:

English

Subjects (All):

Organizational change.

bin Ibrahim, Tuan Haji Mohamed Taib.

Boon, Mac Ngan.

Physical Description:

1 online resource : illustrations.

Place of Publication:

London : SAGE Publications Pvt. Ltd, 2017.

System Details:

text file

Summary:

Tuan Haji Mohamed Taib bin Ibrahim, chairman of Muhibbah Engineering Bhd (MEB), called a meeting of the board of directors to discuss the issue of Asia Petroleum Hub (APH) project on 27 July 2012. The construction works for APH was stopped as the APH financier CIMB Bank Bhd, suspended its financing in 2009. Asia Petroleum Hub was later wound up under a winding-up petition filed by a creditor in October 2012. Muhibbah board decided to pay net debt exposure of RM 245 million certified claims from APH keeping Muhibbah's right to pursue recovery. Mac Ngan Boon, the managing director, suggested drastic changes in the company's structure, roles, responsibilities and organizational culture to put the company on a path to sustainable profits, which was endorsed by two independent non-executives. The board has to decide the way forward for Muhibbah Engineering after the failure of the Asia Petroleum Hub project.

Notes:

Originally published in Bhatt, P. R., & Bhatt, R. R. (2017). Managing change at Muhibbah Engineering (M) Bhd. South Asian Journal of Business and Management Cases, 6(1) 12-25. DOI:.

Includes bibliographical references and index.

No ILL or scholarly sharing allowed.

Description based on XML content.

ISBN:

9781526441010

OCLC:

1023539517

Access Restriction:

Restricted for use by site license.