��������Ƶ

A Director Agreement spells out the rights, duties, and expectations between a company and its board director in Malaysia. It covers key aspects like the director's role, compensation, confidentiality obligations, and term of service - all aligned with the Companies Act 2016 requirements.

This binding contract protects both parties by clearly defining board meeting attendance, decision-making authority, and conflict of interest policies. It also details important compliance responsibilities under Bursa Malaysia's listing requirements and helps companies maintain good corporate governance through clear accountability measures.

Put a Director Agreement in place when appointing new board members or updating terms for existing directors in your Malaysian company. This becomes especially important during leadership transitions, when bringing in independent directors, or when restructuring board responsibilities to meet Bursa Malaysia's governance requirements.

The agreement proves invaluable before directors start making major strategic decisions or handling sensitive company information. It creates clear expectations around meeting attendance, confidentiality, and conflicts of interest - protecting both the company and director from future disputes while ensuring compliance with the Companies Act 2016.

• Company Director Agreement: Standard base agreement outlining core duties and responsibilities for all board members
• Non Executive Director Agreement: Tailored for independent oversight roles with specific meeting commitments and advisory duties
• Executive Director Employment Contract: Combines directorial duties with executive management responsibilities and performance metrics
• Directors Loan Agreement: Governs financial arrangements between directors and the company
• Directors Contract Of Employment: Detailed employment terms for directors with operational roles

• Board of Directors: Reviews and signs Director Agreements, ensuring their terms align with company strategy and governance needs
• Company Secretary: Prepares and maintains agreements, ensures compliance with Companies Act requirements
• Legal Counsel: Drafts and reviews agreements, adapting terms to protect both company and director interests
• Corporate Governance Officers: Monitors compliance with Bursa Malaysia listing requirements and agreement terms
• Shareholders: May need to approve certain terms, especially for executive director compensation packages
• Nominee Directors: Representatives of institutional investors who must comply with additional independence requirements

• Basic Details: Gather director's full legal name, IC/passport number, residential address, and appointment date
• Role Specifics: Define exact position, responsibilities, and reporting relationships
• Compensation Package: Document fees, benefits, and any performance-based incentives
• Company Information: Include registration number, registered address, and authorized representatives
• Board Policies: Reference existing governance documents and committee assignments
• Legal Requirements: Check Companies Act 2016 compliance and Bursa Malaysia rules for listed companies
• Template Selection: Use our platform's Malaysian-compliant templates to ensure all mandatory elements are included

• Parties & Appointment: Full legal names, company details, and specific board position being filled
• Duties & Powers: Detailed description of responsibilities aligned with Companies Act 2016
• Term & Termination: Duration of appointment, renewal conditions, and exit procedures
• Compensation: Directors' fees, meeting allowances, and benefits structure
• Confidentiality: Protection of company secrets and insider information
• Conflicts of Interest: Disclosure requirements and handling procedures
• Corporate Governance: Compliance with Bursa Malaysia listing requirements and board policies
• Indemnification: Protection against legal liabilities while acting in official capacity

A Director Agreement differs significantly from a Director Services Agreement in several key aspects under Malaysian law. While both documents involve director relationships, their scope and application serve distinct purposes.

• Core Purpose: Director Agreements establish fundamental board membership rights and duties, while Director Services Agreements focus on specific professional services beyond standard board responsibilities
• Legal Framework: Director Agreements align directly with Companies Act 2016 governance requirements, whereas Director Services Agreements operate more like consulting contracts
• Duration Structure: Director Agreements typically align with board terms and company constitution requirements, while Service Agreements often follow project-based or fixed-term arrangements
• Compensation Model: Director Agreements include standard board fees and benefits, while Service Agreements usually detail separate fee structures for additional services rendered
• Liability Coverage: Director Agreements include statutory protections and indemnities for board duties, while Service Agreements focus on professional liability for specific services