The Institute of Chartered Secretaries and Administrators (ICSA)* published a guidance note on sample non-executive director’s appointment letter.

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

The guidance note together with the sample non-executive director’s appointment letter can be found at https://www.cgi.org.uk/my_cg/download-resources/downloadt?fileId=5268

* The Institute of Chartered Secretaries and Administrators (ICSA) is now known as The Chartered Governance Institute.

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This post was first posted on Linkedin on 4 April 2022.