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DIRECTOR - Coggle Diagram
DIRECTOR
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Type of Directors
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Managing Director
Appoint one or more of its body to the office of managing director for such period and on such terms as the Board thinks fit and may revoke any such appointment.
subject to the terms of any agreement entered receive such remuneration, whether by way of salary, commission, or participation in profits, or partly in one way and partly in another
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Executive
salaried director who is a full-time working to carry out the day-to-day management of the company’s business
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Service Contract
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Section 232
The copy of directors' service contract must be keep and make it available for inspection at its registered office.
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If failed to do all things stated, a fine not more than RM 1 Million.
Section 233
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If failed to do so, a fine not more than RM 250.000
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Duties of Director
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Exercise reasonable car, skill and diligence
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SECTION 216
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Director are responsible for the exercise of the power by the delegate as if the power had been exercised by the directors.
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