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Directors’ Duties & Responsibilities in a Sendirian Berhad Entity, Malaysia



Since a company is a legal entity by itself, its shareholders are required to appoint directors, officers who are entrusted with the power and authority to make decisions for the running of the company and manage the company’s affairs.

For many private limited companies, the shareholders of the company are often involved in the daily operations and management of the company, and therefore, usually appoint themselves to be the directors of the company.

In all limited companies, there must be at least 2 directors who each have his/her principal or only place of residence within Malaysia.

To qualify to become a director of a company, he must be:

A natural person At least 18 years old Of sound mind Not disqualified under the Companies Act 1965

For a newly incorporated company, the first directors are named in the Memorandum of Association or Articles of Association and they will hold office until the first annual general meeting where they will retire. All persons who wish to be a director must first lodge with the Companies Commission of Malaysia (or SSM) a document called “Form 48A“. This form is a statutory declaration by the director, that he or she is not an undischarged bankrupt and has not been convicted of an offence.



March 14 2011 | Check Printing Disbursement – Maximize Advantages Of High Volume Check Printing | Comments Off

8 Signs Your Community Association Board Of Directors Is Dysfunctional



The productivity of a Board of Directors will change from year to year due to several factors including owner talent, owner availability, association needs and special projects.  Some Boards work well together, are constructive, are selfless and accomplish a lot for their community.  They will encourage others to get involved and attend meetings.  While other Boards will get mired in disagreements and nothing really much gets completed throughout the year as personalities and objectives clash.  If the latter sounds like your association, here are 8 signs that your Board of Directors is dysfunctional and probably not much is being accomplished for the betterment of your association:

1.         Different Objectives for Being on the Board

People have chosen to be on the Board for reasons other than doing what is best for the association.  The reasons for them to serve on the Board may be because they have hidden agendas, want special projects accomplished just for their benefit or have psychological needs that can be achieved through the group dynamics of the Board.  Whatever the reason is for serving, the association’s ongoing operations and overall long term benefit will be secondary and the association will not be served well.

2.         Board Members and Professionals are Second Guessed

Board members, committee members, staff and other professionals are being humiliated (either overtly or subtly) for whatever their accomplishments and input might be.  Instead of being encouraged and lauded for their roles, they are being criticized and second guessed.

3.         There is an Antagonistic Atmosphere



March 14 2011 | Check Printing Disbursement – Maximize Advantages Of High Volume Check Printing | Comments Off