How Firing a Director of a Malaysian Company Happens Firing someone is an unfortunate reality, but when people have to go, they have to go. There can be many reasons as to why a company would consider firing an employee. Whether it be due to incompetence, questionable conduct, or other reasons, firing someone is sometimes…
Challenges of Nominee Directors in Malaysia and Essentials You Should Know Your company may want to employ a nominee director, but you are not sure what it entails. Let’s assume that for some reason, your company director has to leave your company. According to the Companies Act in Malaysia, if such resignation or termination took…
How the Responsibilities of a Company Director Can Shape Its Own Aspects Being the director is no easy feat. You lead, make critical decisions for the company, and more. People such as employees and other superiors look up to them. Their will can change the directions of a company in significant ways. Given how encompassing…
Learn Right Way of Appointing a Nominee Director in Malaysia and Stay in Compliance Did you know that in the absence of a company director, there are other viable substitutes? Nominee director services can prove to be an effective solution. Suppose you own a company, or you were previously educated on its statutory nature. In…
Key Advantages and Challenges of Adopting IFRS in Malaysia Accountants adhere to a set of rules in the measurement and recording of financial transactions. These rules are what we call accounting standards. Before, different countries have their own set of accounting standards. Further, countries and organizations can also choose to adopt the rules of other…
Reasons Why Implementing IFRS in Malaysia is Necessary In 2006, the Malaysian Accounting Standards Board (MASB) adopted the International Financial Reporting Standards (IFRS). Accordingly, with this decision come the changes in how Malaysian companies measure and record economic transactions. Implementing IFRS in Malaysia is an action to unify accounting standards globally. Why is this IFRS…
How Acquiring Accounting Software Can Maximize ROI of SMEs Small businesses are usually hesitant to purchase accounting software. This is because accounting software is not cheap, and most SMEs are tight on their budgets. However, what most SME owners don’t recognize is that getting accounting software can be beneficial for the company in the long…
Malaysia Rises to Become a Global Accounting Hub Multinational companies are now looking into Malaysia to house their accounting and finance functions. This is because of the growing number of competent accountants in the country. As a result, Malaysia is rising to compete globally when it comes to the accounting profession. Malaysia becoming a global…