Description

Existing Directors

• Every company must have at least two directors who shall have his only or principal place of residence in Malaysia.
  
• Directors must be of full age.

New Directors

• Every private company shall have at least one director, and every public company must have at least two directors who must ordinarily resides in Malaysia.
  
• Directors must be at least 18 years old.
  

RATIONALE 

To facilitate the ease of doing business by allowing private companies to have only one director and retaining the requirement for public companies to have at least two directors to safeguard the interest of the public.

The provision also clarifies that the minimum age for a person to be appointed as a director is 18 years