Duties and Responsibilities of Company Directors

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Duties and Responsibilities of Company Directors - Demystifying the Stewardship and Fiduciary Roles of Directors

  • Training
  • 13 Oct 2022 09:00 AM
  • to
  • 13 Oct 2022 05:00 PM
Duties and Responsibilities of Company Directors - Demystifying the Stewardship and Fiduciary Roles of Directors Corporate Governance
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Directors of companies are invariably tasked with the unenviable role of steering the corporation towards achieving its objective. The Companies Act 2016 encapsulates the codified duties and responsibilities of Directors and if the organisation is listed on the stock exchange of Malaysia, Bursa’s Listing Requirements and the updated Malaysian Code on Corporate Governance 2021 also spell out the roles of Directors which need to be considered for compliance. The overarching duty of a typical Director (of a company incorporated under the Companies Act 2016) is to exercise the powers vested in the Director for a proper purpose, in good faith and in the best interest of the company. The focus of the Director would invariable be the lines of defence available to demonstrate that the Director has discharged his stewardship roles as a fiduciary as prescribed in the Companies Act 2016 and Bursa’s LR, as appropriate. This programme will reference the Securites Commission Guidelines on the conduct of Directors of listed corporations and their subsidiaries, the Capital Markets & Services Act 2007, as well as case studies on what went wrong and certain commendable practices

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