KUALA LUMPUR: The High Court has ruled in favour of the Small and Medium Enterprises Association of Malaysia (SME Malaysia) in its legal action against its former president, Ding Hong Sing and another individual.
Its president Chin Chee Seong said the court's judgement today validates the resolution passed during the extraordinary general meeting (EGM) held on April 23, 2023, at the Bukit Kiara Equestrian and Country Resort, which confirmed Ding's dismissal from his post.
Chin said the court also ordered Ding to pay costs to SME Malaysia.
"This ruling underscores the importance of governance and accountability within organisations and reaffirms the collective decisions made by SME Malaysia's members to uphold these principles.
"The judgement highlights the association's commitment to safeguarding its integrity and ensuring that its leadership operates in the best interests of its members and stakeholders," he said in a statement today.
Chin said the ruling sends a clear message about the importance of transparency and good governance in managing an organisation of this size and influence.
Moving forward, Chin said, the association is focused on moving forward with unity and a renewed dedication to serving the interests of small and medium enterprises across the country.
"The association remains committed to its mission of supporting SMEs through advocacy, capacity-building and initiatives that enhance competitiveness and sustainability.
"The association will leverage this moment to strengthen its foundation, rebuild trust, and foster closer collaboration with stakeholders, including the government, private sector and international partners," he said.
Chin said SME Malaysia is positioned to focus fully on implementing strategic initiatives to advance the SME sector.
He said this includes promoting digitalisation, innovation and integration into global supply chains, in line with Malaysia's economic aspirations under the 2025 Budget and beyond.