Section 176 of Companies Act 1965. By. Kartikayen Supramaniam. In Malaysia companies Act 1965 (CA)‚ is one of the vital statutes which govern and regulate the formation and operation of a company. All the sections in this statute govern each and every part of company governance. In this case section 176 of Companies Act plays a very important role on arrangements and reconstruction of a company when the company heavily burdened with debt. Financial crisis is the most dangerous and a serious disadvantage
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Sime Darby Kumpulan Sime Darby Berhad‚ Golden Hope Plantations Berhad and Kumpulan Guthrie Berhad merged in November 2007 and became one of the world’s largest oil palm plantation companies as well as a diversified multinational with operations in over 20 countries. Sime Darby’s core businesses are plantation‚ property‚ industrial‚ motors‚ energy and utilities and healthcare. Their main source of income is from the plantation business. The Energy and Utilities (E&U) division came under intense
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Question 1 – Kaizen Philosophy Kaizen: Basic Concepts and key practices Kaizen is a Japanese philosophy based on gradual but ongoing and never-ending day-to-day improvement approach in all aspects of an organization‚ not only productivity. Literally Kaizen translates to English as “good change”‚ the true meaning of the word is continuous improvement implemented through positive step-by-step changes. For proper functioning Kaizen requires active participation from everybody at all levels in an organization:
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TQM is a philosophy of management driven by the constant attainment of customer satisfaction through continuous improvement of all organizational processes‚ including employee participation‚ teamwork‚ and leadership. There are five key principles: -MANAGEMENT COMMITMENT 1) Plan (drive direct) 2) Do (deploy‚ support‚ and participate) 3) Check (review) 4) Act (recognize‚ communicate‚ revise) -EMPLOYEE EMPOWERMENT 1) Training 2) Suggestive Scheme 3) Measurement +
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2.0 KAIZEN COSTING 2.1 What is Kaizen costing? Kaizen is a Japanese term that means continuous improvement. Kaizen events can be defined as making improvements through a process that emphasize small incremental amounts rather than large or radical improvement. Therefore in order to achieve this kaizen costing not include only continuous cost reduction but also continuous improvement of performance by increase the efficiency throughout the process. 2.2 Why we need Kaizen costing? Market prices
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| Organizational Development and Change Management | Organizational Development and Change Management Models and Tools | | Adnan Shabbir Mirza | Organizational Development and Change Management Introduction Development is the process of progress and positive change. As in this ever changing business world nothing is stationary‚ need of change arises due to the failure or antiquation of some process or system. Change is a cord that goes through any kind of organization‚ no matter
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A Continuous Improvement process is an incremental and ongoing approach to improve products‚ processes or services. These efforts generally seek to achieve incremental improvement over time or try to achieve breakthough improvement as an immediate result. Delivery processes are constantly evaluated and improved to increase their efficiency and effectiveness. W.Edwards Deming‚ a poineer in the field of quality saw it as part of the system whereby feedback from the customer is taken and evaluated against
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we need to open up a new company we also need to know certain procedure like Companies Commission of Malaysia (CCM). The function of Companies Commission of Malaysia (CCM) SSM has nationwide presence through its headquarters located in Kuala Lumpur as well as branch offices in all the states in Malaysia. Not only has that SSM also served as a depository and custodian of corporate and business information. Such information is vital to enable the business community to make informed business decisions
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inertial one? If not‚ in which direction (east or west) is your car accelerating relative to the other car? Determine the Concept No. You are in a non-inertial frame that is accelerating to the east‚ opposite the other car’s apparent acceleration. 3 • [SSM] You are riding in a limousine that has opaque windows that do not allow you to see outside. The car is on a flat horizontal plane‚ so the car can accelerate by speeding up‚ slowing down‚ or turning. Equipped with just a small heavy object on the end
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management which he called “management by policy”. His first policy was “Project A” sought to raise the quality of Komatsu’s middle-sized bull dozers to Cat’s level. Building on this base‚ Kawai instituted a new system of control‚ the “Plan‚Do‚Check‚Act”(PDCA) cycle. I think that Mr Kawai performed very well since his Project A enabled Komatsu to double its warranty period within two years while cutting claims rates by two-thirds. Additionally‚ Project A triggered an increase in sales that raised Komatsu’s
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