Appointment as a company director carries great responsibility and accountability. With increased scrutiny on directors, they can no longer hide behind an opaque wall like before. Issues such as potential conflicts of interest, making decisions in the best interests of a company, formulation and subsequent implementation of compliance framework and policies are matters which will be of concern to directors. Whether or not directors can enjoy some form of protection will have to be considered against the relevant legal provisions.
This session will discuss the salient duties, obligations and liabilities of Directors under several applicable statutes, including the Companies Act 2016, the new section 17A, MACC Act 2009 (w.e.f. on 1 June 2020), the Capital Markets and Services Act 2007 and the Financial Services Act 2013 (if applicable). References to case law will be made. The program will also cover real cases of how the Act has been implemented and enforced, and the impact on directors.
- Learn about directors’ legal duties
- Learn about directors’ liabilities under the law
Khoo Guan Huat commenced his legal career with the Attorney-General’s Chambers, Malaysia, in 1987 and joined Skrine in 1993. He currently chairs the Intellectual Property Dispute Resolution Practice Group in Skrine and focuses his practice on Intellectual Property and Commercial Disputes. He regularly appears as counsel in courts at all levels and in arbitration proceedings and sits as Arbitrator in a number of matters. He has been consulted on and provided advice in a number of matters, including those with respect to Anti-Money Laundering compliance issues for financial institutions.
He has also appeared as an expert witness on Malaysian law in various proceedings, including arbitration proceedings, in the United States and Singapore.
KHOO GUAN HUAT
Partner at Skrine,
Iclif adjunct faculty
AREA OF EXPERTISE
Directors’ duties and responsibilites, Legal
Board of Directors