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1. DIRECTOR

1. WHO IS DIRECTOR?

A company is a business entity whereby it is associated or collected of individual real persons and/or other companies, who each provided some form of capital. This group has a common purpose or focus and an aim of gaining profits. This collection, group or association of persons can be made to exist in law and then a company is itself considered a "legal person". The name company arose because, at least originally, it represented or was owned by more than one real or legal person. Therefore to operate the company, it needs a person who called a director.

Any person can be a director, but only for those who is qualified as required under the Malaysia Companies Act 1965 (MCA). As stated under the Act[1], it requires at least 2 directors and both of them must have principal or only place residence within Malaysian[2]. In addition, it includes any person occupying the position of a director of a corporation by whatever name called and include a person in accordance with whose directions and instructions the director of a corporation are accustomed to act and an alternate or substitute director and a director is an officer of a company but he is not an employee unless he has separate contract of employment as a salaried executive[3].

Secondly, the director must be at their natural person[4] of full age [5] and the limit maximum age of 70 that is other than private company, which is not a subsidiary of a public company[6]. However, there will be exception to restriction of age if he is already occupied the office as a director, he may be continue to hold the position after reaching the limit or at least ¾ of the members of the company supported his appointment or reappointment that approved by a resolution of the company[7]. This also mentioned in In addition section 135 of the Act obliged the

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