Non-executive director’s appointment letter

Directors

The ICSA published a sample non-executive director’s appointment letter (link in the comment section). The sample letter aims to provide an initial checklist of the elements a company intends to cover in its appointment letter and is not intended to be a prescriptive template.

Although the sample letter is drafted in the UK context, it serves as a good guidance in the Malaysian context as it covers elements which are important to ensure good corporate governance such as:
– Time commitment of a director
– Adherence to corporate governance code
– Disclosure of director’s interest in any matter considered at board meeting
– Independence and outside interests
– Conflict of interest

You can access Guidance Note: Sample non-executive director’s appointment letter here:

https://www.cgi.org.uk/my_cg/download-resources/downloadt?fileId=5268

#malaysiancorporatelawyer
#directorsduties
#corporategovernance

This post was first posted on Linkedin on 13 April 2021.

Linkedin Post
Plan the exit before investing as a shareholder

When investing in a company, whether as a founder, co-founder, or strategic investor, most people focus on the business plan, the valuation and the growth potential. One question that is often overlooked: How can a shareholder exit this company, and under what terms?  Share transfers and shareholder exits often happen …

Linkedin Post
Structuring shareholding in companies

Structuring shareholding affects shareholders’ control, rights and exit. The type of shares issued determines: · Who makes decisions · Who gets paid (and when) · Who gets what rights Below is a concise overview of two type of shares and how they serve different purposes: Ordinary Shares The most commonly issued type of …

Linkedin Post
Getting into the details to make a deal work

A big part of my role as a corporate lawyer has been listening to clients explain the commercial terms they want in their deals. The next step is asking the right questions that make those terms work in the real world. Sometimes the parties have a general idea of the …