Johor Corporation

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Johor Corporation (JCorp) is a Malaysian state corporation, formerly known as the "Johor State Economic Development Corporation" (JSEDC). Formed in 1968, it is part of the government’s affirmative action programs to restructure its multi-ethnic society by eradicating the economic imbalance between the Malays and the non-Malays. Malaysian "state economic development corporations" were designed to break away from the bureacratic binds of a regular government department and to become a commercially-oriented investment arm of the respective state governments. The company vehicle number plates are 2692 or 2962.

[edit] Board of directors

As a state agency, the position of Chairman of the Board of Directors is held by the Menteri Besar (Chief Minister), together with ten (10) other directors comprising:

the Chief Executive of JCorp;
three (3) officials of the Johor Civil Service:
- the State Secretary;
- the State Legal Advisor;
- the State Financial Officer;
three (3) officials of the Federal Government:
- the Secretary-General to the Ministry of International Trade and Industry;
- the Secretary-General to the Ministry of Entrepreneur Development; and
- the Secretary of Loan Management and Finance Policy Division, Ministry of Finance; and
three (3) independent directors appointed amongst the business community.

[edit] History

JSEDC commenced its operations in August 1970 with the appointment of Othman bin Mohd Saat, the then Chief Minister of Johor, as its Chairman and Basir Bin Ismail as its Chief Executive. Its first office was located at Level 2, Sultan Ibrahim Building, Johor Bahru, with two staff. The corporation's current office is at Kotaraya Complex. JSEDC changed its name to Johor Corporation at the end of 1995.

As a public enterprise entity, JCorp has played a major role to foster economic growth in the state, particularly in several high potential economic sectors including agro-business, industrial development, property and others. It was also responsible for the creation of Pasir Gudang, an industrial township in south west Johor. Since July 1, 1977, JCorp has been appointed as the local authority of Pasir Gudang, the first local authority in Malaysia to be privatised, under a five-yearly arrangement.

[edit] Core businesses

At present, JCorp's core businesses are spearheaded by its respective public-listed companies:

Palm Oil: Kulim (Malaysia) Berhad
Specialist Healthcare: KPJ Healthcare Berhad
Property Development: Johor Land Berhad (a subsidiary of Kulim (Malaysia) Berhad)
Intrapreneur Venture Division: Sindora Berhad.

All intrapreneur ventures are headed by Jcorp's staff. As of 2005, the companies under the Intrapreneur Venture Division include: