Corporate Secretarial Firms and Their Necessity in Malaysia As per Malaysian law, every company must hire a company secretary. However, they can be a boon for startups and businesses that are still growing. This is why corporate secretarial firms are very beneficial as they simply send secretaries to work for other companies. Read further as…
Resignation of Company Directors in Malaysia and How to Plan a Graceful Exit Just like how there’s always a start, there be a finish line for any career as well; company directors included. There are many reasons why a company director would choose to resign, namely due to company liquidation or voluntarily for other personal…
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…