What are the terms and risks of your nominee director service?
The written engagement sets out the advance annual fee, applicable security deposit, operational boundaries and permitted indemnity. A nominee remains a legal director with duties to the company; contractual terms cannot promise complete immunity or remove those duties. Resignation also remains subject to the statutory requirement for the company to retain its minimum directors.
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Routine business and bank operations stay within the agreed mandate. The director must nevertheless act when required to discharge statutory duties. We review the proposed business before accepting an appointment and explain the agreement before engagement.
Key facts
- Fee, deposit and mandate stated before engagement
- Indemnities remain subject to Companies Act limits
- Statutory duties and minimum-director rules continue
Call +60 10-383 5988 (a licensed secretary replies within one working hour (Mon–Fri 8:30am–5:30pm MYT; outside hours, first thing next working day)) or walk in at J-3A-15, Solaris Mont Kiara.