KUALA LUMPUR: Saving businesses facing financial ruin must be guided by the principle of “rescue where possible, restructure where viable and resolve responsibly where necessary”, says Datuk Seri Azalina Othman Said.
However, the Minister in the Prime Minister’s Department (Law and Institutional Reform) said it should not be misconstrued as saving every company at any cost.
Furthermore, companies must not think of second chances as a licence to escape responsibility, she added.
“The strength of a nation is not measured by whether its people and businesses never fall. It is measured by whether its institutions give them a fair opportunity to rise again,”…