In reviewing the existing framework on directors, their role and duties and in formulating the questions for public consultation purposes, the Corporate Law Reform Committee (CLRC) is mindful that its review and its recommendations, if any, must:
In preparing this paper, reference was made to international developments for comparative analysis. Further, the CLRC referred to the High Level Finance Committee Report on Corporate Governance (1999) (the CG report) and where appropriate, draws upon and develops the views of the Finance Committee in so far as it coincides with the objectives of the Corporate Law Reform Programme. The recommendations of the CLRC are also based to some extent on current initiatives by Companies Commission of Malaysia to implement the recommendations of the CG report which are reflected in proposed amendments to the Companies Act 1965.
This consultation paper is made up of five (5) parts:
We hope to receive views and comments on the recommendations stated in this Consultation Paper. Please reply to Nor Azimah Abdul Aziz at the Companies Commission of Malaysia (SSM) by 14 November 2006.
Download consultation document “CLARIFYING AND REFORMULATING THE DIRECTORS’ ROLE AND DUTIES” (.pdf)
Download Responses and Comments Received on Consultative Document “Clarifying and Reformulating the Directors Role and Duties” (.pdf)