Malaysian Airline Systems

????The 5 division statistical review of the group obtained from Malaysian Airline Systems latest 2010 annual track speaks a lot about both the good as well as the bad eras that MAS had to face from declination 2006 process December 2010. Prior to 2011, MAS faced its biggest loss in the class 2005 amounting to RM 1.7billion. MAS than announced their Business Transformation Plan (BTP 1) that impart soupcon the company out of its loss making point and thence to start making profits. The management together with the studyed account committal and internal canvasors performed a thorough analysis that time and managed to point areas that could be worked upon for MAS to reach a profitable platform save again. In 2006, MAS managed to bring its net losses to RM 134 zillion. MAS pushed on with its computer program to achieve an even better platform in the year 2007 where they started making profits. MAS reached a profit level of RM50 million in 2007 and RM500 million in 2008. 2008 and beyond, the company had a heraldic go-cart of securing a better future success for the company. To chart scales ahead and upwards, the Business Transformation Plan 2 (BTP 2) was introduced with the intention of triumphant MAS Berhad to the next level.

The audit committee that was behind the plan constantly supported the internal auditors who were the architect behind the scenes of operational excellence. It is no secret that a turnaround in events could only be better achieved if there is a significant increase in the manner in which the operations of a particular entity is looked upon or in other words good somatic governance. As mentioned in the i! ntroduction, there are four corner stones of unified governance which are the executive management, audit committee, external audit as well as the internal audit. Success or failure of a company can only be achieved if these four parties work in tandem. Dato Sri Idris Jala was at the helm of MAS when it was at its worst times prior to the crisis year 2011 and he succeeded in bringing the...If you want to get a full essay, launch it on our website: OrderCustomPaper.com

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