Wildlife Conservation and Science (Malaysia) Bhd (WC&S) is the solution developed by lawyers in New York and Malaysia. It is registered in Malaysia as a "company limited by guarantee" under Section 14 (2) b of the Companies Act 1965. Such a company does not have share capital and thus does not pay dividends to shareholders. It is a form used by many charities and trusts which operate on a not-for-profit basis, where any surplus of revenue over expenditure is ploughed back into charitable activities.