DIRECTOR

As a company Director, what Director should do and Qualify for?

Role of Directors：

• Responsible for managing the company’s affairs
• Act as representatives (agents) of the company

5 Actions Directors Must Not Undertake

1. Misuse company assets
2. Improperly obtain or disclose company secrets through their position

3. Abuse their authority to the detriment of the company

4. Use their position to gain personal business opportunities
5. Engage in business that competes with the company

5 Qualifications to Become a Director:

1. At least 18 years old
2. Not bankrupt
3. Mentally sound
4. No convictions or imprisonment in the past five years

5. At least one director must ordinarily reside in Malaysia (if there is only one director, that director must ordinarily reside in Malaysia)

Notes / Key Considerations:

• Directors, as agents of the company, must act in the company’s best interests
• A company, as a legal entity, cannot act on its own; it must act through its directors
• Directors, while exercising their powers, owe fiduciary duties to the company