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DIRECTOR, Directors' Service Contract - Coggle Diagram
DIRECTOR
Duties and Responsibilities
Of Directors
Business Judgement Rule
(Section 214)
Reliance on Information
(Section 215)
Duty of care, skill and diligence
Responsibility for Delegatee
(Section 216)
Act in good faith and best interest of company
Responsibility of Nominee Director
(Section 217)
Fiduciary Duties
(Section 213)
Definition
Shadow Director
TYPES OF DIRECTOR
Non-Exexcutive
Alternate Director
Nominee Director
Associate/Special Director
Managing Director
Executive Director
Independent Director
(listed company)
Executive Officer treated as Director
(Section 210)
Officer of The Company
Meaning of Director (Section 2)
Disqualification of
Director
Conviction involving fraud, bribery or dishonesty
Breach of CA 2016 provisions
Undischaged Bankruptcy
Court ordered disqualification
Power of CCM to remove name of register
Qualification
Minimum Age : 18 years
Ordinarily Resident in Malaysia
Natural Person
No Age Limit of 70
Financial
Responsibilities
Financial
Statements
Directors' Report
Disclosure of
interests and
shareholdings
Solvency test
(Dividends, capital reduction,
buy-back)
Number of
Director
Public Company : Minimum 2 director
Single/Sole Director
(Private company only)
Private Company - Minimum 1 director
Register of Director
Service Address
Duty to Notify CCM
(within 14 days of changes)
Particular to be Recorded
Directors' Service
Contract
Inspection rights by
members
Keeping of service
contracts
Meaning of Service
Contract