Malaysia Airlines System (MAS)
ETHICAL CONDUCT
Acting in ways consistent with what society and individuals typically think are good values.
Ethical behavior tends to be good for business and involves demonstrating respect for
key moral principles that include honesty, fairness, equality, dignity, diversity and individual rights.
Place the integrity of the profession and the interests of clients above your own interests. Act with integrity, competence, and respect. Maintain and develop your professional competence.
Mismanagement of Employee Relations
MEET YOUR CABIN CREW
- Employee union is eliminated
- Mas is downsizing but it costs of thousands of jobs.
For example: The termination of 6000 staffs of MAS.
Air Marshal: Madam Supiah binti Salleh
Captain:Muhammad Syafiq bin Saidi
Co-pilot: Siti Aisyah binti Muhammad
Flight Attendants:Wardah binti Abd Malek
Hamidah Binti Mat Isa
Nur Afza binti Azaffian
Sounds Financial Management
MAS have paid for a high price when they are signning for the long term contracts. The contracts normally for the goods that they are using everyday
For example:
- They were signed the contracts of fuel when the prices of fuel is at a higher prices.
- Contracts of supply foods and liquor
- High interest of purchasing aircraft
6 Sounds Government that Absences in
Non efficient of management
For 5 consecutive years since 1997, MAS has suffered
losses due to inefficient and incompetence of management. Poor revenue management and expansion decision lead to the negative return of the business. This gives bad impression to our national carrier.
Responsibilities
A manager who is responsible for
his or her decisions and actions should be subject to corrective measures
Accountability
- For Malaysian Airline System(MAS), the governance failure occurred when Tan Sri Tajuddin Ramli via Naluri Berhad who is the largest single shareholder in MAS and held both chairman and Chief Executive Officer position entered into unprofitable business activities whereby he had over expansion the flight destination. The company was accumulated loss from 1998 to 2001.
Decision-makers in government, the private sector and civil society organizations are accountable to the public, as well as to institutional stakeholders. This accountability differs depending on the organizations and whether the decision is internal or external to an organization.
- In the financial reporting, it was a simply mismatch between earnings and expenditure whereby was mostly in ringgit while expenditure in US dollar. This situation shows that corporate failure not only occurred at organization level but at international as well.