¶¶Òõ¶ÌÊÓƵ

All Countries
Corporate Governance
Independent Director Agreement

Independent Director Agreement Template for Malaysia

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Independent Director Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Independent Director Agreement

"I need an Independent Director Agreement for a Malaysian fintech company planning to list on Bursa Malaysia in March 2025, with specific provisions for technology oversight committee participation and cybersecurity responsibilities."

Celebrated by
Collaborations with
Investors
Document background
The Independent Director Agreement is a fundamental governance document used when appointing independent directors to a company's board in Malaysia. It is particularly crucial for public listed companies and regulated entities that must comply with specific independence requirements under the Companies Act 2016 and Malaysian Code on Corporate Governance. The agreement typically includes detailed provisions on independence criteria, duties, remuneration, and compliance obligations, ensuring alignment with regulatory requirements and corporate governance best practices. This document becomes especially important in contexts where companies need to demonstrate clear governance structures to stakeholders, regulators, and potential investors.
Suggested Sections

1. Parties: Identification of the company and the independent director

2. Background: Context of the appointment and company's need for an independent director

3. Definitions: Key terms used throughout the agreement

4. Appointment and Term: Terms of appointment, effective date, and duration

5. Independence Criteria: Specific criteria and conditions that qualify the director as independent

6. Duties and Responsibilities: Core duties as an independent director, including statutory obligations and corporate governance requirements

7. Time Commitment: Expected time dedication for board meetings, committee meetings, and other director responsibilities

8. Remuneration: Director's fees, meeting allowances, and other benefits

9. Confidentiality: Obligations regarding confidential information and trade secrets

10. Conflicts of Interest: Procedures for declaring and handling potential conflicts

11. Compliance: Obligation to comply with relevant laws, regulations, and company policies

12. Termination: Circumstances and procedures for ending the appointment

13. Governing Law: Specification of Malaysian law as governing law and jurisdiction

14. General Provisions: Standard clauses including notices, amendments, and entire agreement

Optional Sections

1. Committee Appointments: Used when the independent director is expected to serve on specific board committees

2. Insurance and Indemnity: Detailed provisions for directors' and officers' insurance coverage and company indemnification

3. Performance Evaluation: Include when the company has specific performance evaluation procedures for independent directors

4. Professional Development: Add when the company provides or requires specific training or development programs

5. External Commitments: Include when there's a need to address the director's other professional commitments

6. Share Ownership: Used when the company has specific requirements or restrictions on share ownership by independent directors

7. Intellectual Property: Include when the director may be involved in strategic innovations or IP development

Suggested Schedules

1. Schedule 1 - Independence Declaration: Formal declaration of independence meeting statutory and listing requirements

2. Schedule 2 - Remuneration Details: Detailed breakdown of fees, allowances, and benefits

3. Schedule 3 - Board and Committee Meeting Schedule: Annual calendar of scheduled meetings and time commitments

4. Schedule 4 - Company Policies: List of key policies the director must comply with

5. Schedule 5 - Code of Conduct: Company's code of conduct and ethics for directors

6. Appendix A - Powers of Attorney: If applicable, specific powers granted to the independent director

7. Appendix B - Consent to Act: Formal consent to act as director as required by Companies Act 2016

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions



















Clauses






























Relevant Industries

Financial Services

Manufacturing

Technology

Healthcare

Energy

Telecommunications

Real Estate

Consumer Goods

Mining and Resources

Transportation and Logistics

Education

Professional Services

Relevant Teams

Legal

Corporate Secretarial

Compliance

Corporate Governance

Board Secretariat

Human Resources

Risk Management

Internal Audit

Relevant Roles

Independent Director

Board Chairman

Company Secretary

Chief Executive Officer

Chief Legal Officer

Corporate Governance Officer

Compliance Officer

Board Committee Chairman

Non-Executive Director

General Counsel

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Directors Contract Of Employment

A Malaysian law-governed employment agreement for company directors that sets out terms of appointment, duties, and remuneration while ensuring compliance with local corporate and employment laws.

find out more

Director Indemnity Agreement

A Malaysian law-governed agreement providing indemnification protection to company directors for liabilities incurred while performing their duties.

find out more

Nominee Director Contract

A Malaysian law-governed agreement establishing the appointment, duties, and obligations of a nominee director under the Companies Act 2016.

find out more

Medical Director Contract Agreement

A Malaysian law-governed agreement establishing terms and conditions for a Medical Director's appointment, including clinical and administrative responsibilities in a healthcare facility.

find out more

Director Indemnification Agreement

A Malaysian law-governed agreement establishing terms for company indemnification of directors against liabilities and expenses incurred in their director role.

find out more

Director Appointment Agreement

A Malaysian law-governed agreement establishing the terms and conditions of a director's appointment to a company's board, including duties, responsibilities, and remuneration.

find out more

Nominee Director Indemnity Agreement

A Malaysian law-governed agreement providing indemnification protection to nominee directors, outlining terms of protection and compliance with local corporate regulations.

find out more

Director Profit Sharing Agreement

A Malaysian law-governed agreement establishing profit sharing arrangements between a company and its director, including calculation methods and payment terms.

find out more

Director Shareholder Agreement

A Malaysian law-governed agreement establishing rights, duties, and relationships between company directors and shareholders.

find out more

Director Fee Agreement

A Malaysian law-governed agreement establishing director remuneration terms, fees, and related obligations.

find out more

Independent Director Agreement

A Malaysian law-governed agreement establishing the terms and conditions for appointing an independent director to a company's board.

find out more

Directors Loan Agreement

A Malaysian law-governed agreement establishing loan terms between a company and its director, compliant with the Companies Act 2016 and related regulations.

find out more

Company Director Agreement

A Malaysian law-governed agreement establishing the terms and conditions of a director's appointment and duties to a company.

find out more

Non Executive Director Agreement

A Malaysian law-governed agreement establishing the appointment terms and duties of a Non-Executive Director on a company's board.

find out more

Executive Director Employment Contract

A Malaysian law-governed employment agreement for Executive Directors, combining employment terms and corporate governance requirements.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.