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 Johor, while the directors’ positions are held by the Chief Executive, six officials from the Johor Civil Service; Federal Government officials and two other independent directors : Chief Minister of Johor & Chairman - YAB Datuk Onn Hafiz Ghazi Deputy Chairman - YBhg Tan Sri Dr. Ismail Bakar President & Chief Executive - YBhg Datuk Syed Mohamed Syed Ibrahim State Secretary of Johor & Board of Director - YB Tan Sri Dato' Dr. Haji Azmi Rohani State Financial Officer of Johor & Board of Director -YB Dato' Salehuddin Hassan State Legal Advisor of Johor & Board of Director - YB Dato' Amir Nasruddin Secretary General, Ministry of Economy & Board of Director - YBhg Dato' Nor Azmie Diron Secretary General, Ministry of International Trade and Industry & Board of Director - YBhg Datuk Seri Isham Ishak Board of Director - YBhg Datuk Nor Azri Zulfakar Board of Director - YBhg Dato' Sr. Hisham Jafrey 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. Tan Sri Muhammad Ali Hashim was President and Chief Executive Officer of Johor Corporation from January 1982 to July 2010; under his leadership Johor Corporation grew to a total of 280 subsidiary companies valued as RM14 billion at the end of 2009. Eight of the subsidiary companies were listed on Bursa Malaysia, and one was listed on