The Companies Bill 2015 (Rang Undang-Undang Syarikat 2015) was passed by the House of Representatives (Dewan Rakyat) earlier this week and now proceeds to the Senate (Dewan Negara) before receiving the assent of the King (Yang di-Pertuan Agong). The record of debate in the Dewan Rakyat is available here (pdf) and it is interesting to note that, in the context of directors' duties in the Bill, there was some discussion of section 172 ("Duty to promote the success of the company") of the UK Companies Act 2006.
Note: if the link to the debate does not work, or appears broken, there is another way of accessing the material: visit this page and select 4 April.
Thursday, 7 April 2016
Malaysia: company law reform - Companies Bill 2015 passed by the Dewan Rakyat
The Companies Bill 2015 (Rang Undang-Undang Syarikat 2015) was passed by the House of Representatives (Dewan Rakyat) earlier this week and now proceeds to the Senate (Dewan Negara) before receiving the assent of the King (Yang di-Pertuan Agong). The record of debate in the Dewan Rakyat is available here (pdf) and it is interesting to note that, in the context of directors' duties in the Bill, there was some discussion of section 172 ("Duty to promote the success of the company") of the UK Companies Act 2006.
Note: if the link to the debate does not work, or appears broken, there is another way of accessing the material: visit this page and select 4 April.
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