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Rehabilitating ailing Malaysia companies using the new corporate rescue mechanism / Norziana Lokman, Julizaerma Mohamed Khudzairi and Sarina Othman

This paper focuses on the Malaysia Corporate Rescue Mechanism 2016, which is a relatively new rescue mechanism to the Malaysian corporate environment. The Companies Commission of Malaysia introduces the mechanism as part of the insolvency framework to help small companies facing financial difficulti...

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Main Authors: Lokman, Norziana, Mohamed Khudzairi, Julizaerma, Othman, Sarina
Format: Article
Language:English
Published: Universiti Teknologi MARA 2020
Subjects:
Management. Industrial Management
Planning. Business planning. Strategic planning
Online Access:http://ir.uitm.edu.my/id/eprint/47364/1/47364.pdf
http://ir.uitm.edu.my/id/eprint/47364/
http://jas.uitm.edu.my/
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spelling my.uitm.ir.473642021-06-13T02:26:08Z http://ir.uitm.edu.my/id/eprint/47364/ Rehabilitating ailing Malaysia companies using the new corporate rescue mechanism / Norziana Lokman, Julizaerma Mohamed Khudzairi and Sarina Othman Lokman, Norziana Mohamed Khudzairi, Julizaerma Othman, Sarina Management. Industrial Management Planning. Business planning. Strategic planning This paper focuses on the Malaysia Corporate Rescue Mechanism 2016, which is a relatively new rescue mechanism to the Malaysian corporate environment. The Companies Commission of Malaysia introduces the mechanism as part of the insolvency framework to help small companies facing financial difficulties to be rehabilitated. There are two options available for owners of small companies to rescue their companies’ businesses. The first option is corporate voluntary arrangement (CVA), and the second option is judicial management (JM). This paper has two main objectives: (i) to outline the characteristics of CVA and JM; and (ii) to identify and analyse the weaknesses of the revised corporate rescue schemes. This paper is a perspective, opinion and commentary article on the recent implementation of corporate rescue mechanism. Universiti Teknologi MARA 2020-06 Article PeerReviewed text en http://ir.uitm.edu.my/id/eprint/47364/1/47364.pdf ID47364 Lokman, Norziana and Mohamed Khudzairi, Julizaerma and Othman, Sarina (2020) Rehabilitating ailing Malaysia companies using the new corporate rescue mechanism / Norziana Lokman, Julizaerma Mohamed Khudzairi and Sarina Othman. Journal of Administrative Science, 17 (1). pp. 96-104. ISSN 1675-1302 http://jas.uitm.edu.my/
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Management. Industrial Management
Planning. Business planning. Strategic planning
spellingShingle Management. Industrial Management
Planning. Business planning. Strategic planning
Lokman, Norziana
Mohamed Khudzairi, Julizaerma
Othman, Sarina
Rehabilitating ailing Malaysia companies using the new corporate rescue mechanism / Norziana Lokman, Julizaerma Mohamed Khudzairi and Sarina Othman
description This paper focuses on the Malaysia Corporate Rescue Mechanism 2016, which is a relatively new rescue mechanism to the Malaysian corporate environment. The Companies Commission of Malaysia introduces the mechanism as part of the insolvency framework to help small companies facing financial difficulties to be rehabilitated. There are two options available for owners of small companies to rescue their companies’ businesses. The first option is corporate voluntary arrangement (CVA), and the second option is judicial management (JM). This paper has two main objectives: (i) to outline the characteristics of CVA and JM; and (ii) to identify and analyse the weaknesses of the revised corporate rescue schemes. This paper is a perspective, opinion and commentary article on the recent implementation of corporate rescue mechanism.
format Article
author Lokman, Norziana
Mohamed Khudzairi, Julizaerma
Othman, Sarina
author_facet Lokman, Norziana
Mohamed Khudzairi, Julizaerma
Othman, Sarina
author_sort Lokman, Norziana
title Rehabilitating ailing Malaysia companies using the new corporate rescue mechanism / Norziana Lokman, Julizaerma Mohamed Khudzairi and Sarina Othman
title_short Rehabilitating ailing Malaysia companies using the new corporate rescue mechanism / Norziana Lokman, Julizaerma Mohamed Khudzairi and Sarina Othman
title_full Rehabilitating ailing Malaysia companies using the new corporate rescue mechanism / Norziana Lokman, Julizaerma Mohamed Khudzairi and Sarina Othman
title_fullStr Rehabilitating ailing Malaysia companies using the new corporate rescue mechanism / Norziana Lokman, Julizaerma Mohamed Khudzairi and Sarina Othman
title_full_unstemmed Rehabilitating ailing Malaysia companies using the new corporate rescue mechanism / Norziana Lokman, Julizaerma Mohamed Khudzairi and Sarina Othman
title_sort rehabilitating ailing malaysia companies using the new corporate rescue mechanism / norziana lokman, julizaerma mohamed khudzairi and sarina othman
publisher Universiti Teknologi MARA
publishDate 2020
url http://ir.uitm.edu.my/id/eprint/47364/1/47364.pdf
http://ir.uitm.edu.my/id/eprint/47364/
http://jas.uitm.edu.my/
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score 13.211869

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