IDEAS home Printed from https://ideas.repec.org/a/sae/sajbmc/v6y2017i1p12-25.html
   My bibliography  Save this article

Managing Change at Muhibbah Engineering (M) Bhd

Author

Listed:
  • P. R. Bhatt
  • R. Rathish Bhatt

Abstract

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 were stopped as APH financier of 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. Datuk Zakaria bin Abdul Hamid, vice chairman and independent non-executive director, and Abd Hamid bin Ibrahim, another independent non-executive director, endorsed Mac Ngan Boon’s suggestions. The board has to decide the way forward.

Suggested Citation

  • P. R. Bhatt & R. Rathish Bhatt, 2017. "Managing Change at Muhibbah Engineering (M) Bhd," South Asian Journal of Business and Management Cases, , vol. 6(1), pages 12-25, June.
    • Handle: RePEc:sae:sajbmc:v:6:y:2017:i:1:p:12-25
    DOI: 10.1177/2277977917698252
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/2277977917698252
    Download Restriction: no
    File URL: https://libkey.io/10.1177/2277977917698252?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:sajbmc:v:6:y:2017:i:1:p:12-25. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.