Johor Corporation
Johor Corporation (JCorp) or Perbadanan Johor is a Malaysian government-linked company, 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 bureaucratic binds of a regular government department and to become a commercially oriented investment arm of the respective state governments. It is the only Malaysian state economic development corporation to have its business  extended to another state. 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 other directors comprising: 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 Persada Johor. 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 east Johor. Since 1 July 1977, JCorp has been appointed as the local council of Pasir Gudang, the first local council in Malaysia to be privatised, under a five-yearly arrangement. Core businesses. At present, JCorp's core businesses are spearheaded by its respective public-listed companies: All  intrapreneur ventures are headed by Jcorp's staff. As of 2005, the companies under the "Intrapreneur Venture Division" include: In 2006, JCorp bought a majority share in TMR Urusharta (M) Sdn Bhd, a facilities management company.