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Port Klang Free Zone (PKFZ)
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Port Klang Free Zone (PKFZ)
- AGENCY THEORY
The main players in this project are the ministers or former ministers that supposed to carry out their duties with adequate care but instead they failed to do so. Major decisions on the project were made without prior approval from PKA board and without seeking advice from the government authorities. Series of mismanagement and inadequate governance transparency occurred when the cost to develop this project turned up very high. The contract to develop the project was given to KDSB without open tenders and additional development works contracts might not been tabled either in the Parliament or Cabinet but received formal approval directly from Prime Minister.
- before sign a loan agreement, the company and the govrnment should explain to public why they are qualified to take the loan.
- Tasks and responsibilities of the board of directors- BOD must ensure the strength of company management and make sure all every one that involve with the company have knowledge about the company and their works.
- the company should take further steps to prevent breach of trust and breach of duties.
RECOMMENDATION
ETHICAL ISSUE
THEORIES IN CG
TIMELINE : THE PKFZ SCANDAL
BACKGROUND
GROUP MEMBERS
- MUHAMMAD SADIQ NOOR BIN IDRIS
- MUHAMMAD FAIZ NAIM BIN IDERIS
- MUHAMMAD HARIZ ASYRAF BIN ABDULLAH
- NAVENDRAN A/L ANPALAGAN
- VADIVELAN A/L SUPRAMANIAM