Board of Directors
The board of directors can at any time appoint a person, subject to his consent, to be a member of the board of directors, or in other words, an appointment of a new director is subject to the approval from the board of director of a company.
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organisation.
The number of the Directors all of whom shall be natural persons shall not be less than Two (2) nor unless otherwise determined by the Company from time to time in General Meeting by Ordinary Resolution be more than Nine (9).
Appointment of new directors
Any person, who is willing to be accepted or appointed as a director of a company incorporated in Malaysia, needs to declare himself on the following:
- He is not an undischarged bankrupt;
- He has not been convicted whether within or without Malaysia of any offence;
- He has not been imprisoned for any offence within the period of five years immediately preceding the date of his declaration; and
- He consents to act as Director.
The new director is to sign the Form 48A (Statutory Declaration By A Person Before Appointment As Director, Or By A Promoter Before Incorporation Of Corporation) and get the Form 48A attested by the Commissioner for Oaths / Notary Public before accepted to become a director of a company.
The Form 48A will, respectively, be submitted to SSM for registration purposes and to Insolvency Department for record purposes.
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