In Malaysia, a nominee director is more than just a title; they have serious legal responsibilities under the Companies Act of 2016. They have two main responsibilities: one is to look after the company, and the other is to protect the interests of its shareholders.
If your company has no nominee director, then you face legal trouble that leads to fines or sometimes even jail. Because every country has its own legalities for forming businesses for foreign investors.
Appoint a nominee director with the necessary local knowledge and expertise
Maintain corporate records.
Professional support and compliance
Consider the nominator's interest
Attend and participate in board of director meetings
Offer guidance on risk management and compliance
Maintain the nominator’s confidentiality
In-depth knowledge of local market, laws and regulations
Save foreign investors valuable time
Act as intermediaries to resolve the conflict, if any disputes or issues arise.
Offer comprehensive support
