Section 58

The first directors of a Langkawi company shall be named in the articles of association of the company.

Any casual vacancy in directors may, so far as the articles of association of a Langkawi company do not otherwise provide, be filled by a person appointed by the continuing director or directors or, if there is no continuing director, by the Registrar on application made by a member of the company.

Subject to any contrary provision in the articles of association of a Langkawi company, a director or officer of a Langkawi company may be a corporation and such corporation may act by itself or through a nominee appointed in writing, and may be appointed or may act as a director of more than one company.

A director of a Langkawi company shall not disclose to any person, or use for any purpose, any information obtained by reason of his office except in accordance with his duty as a director of the company and so far as he may be compelled by law so to do, but a director may disclose to an appropriate public officer in Malaysia, or otherwise use within Malaysia, any information within his knowledge which he honestly believes suggests that a fraud is being or is likely to be practised by the company or by any of its members or directors or upon the company or any of its members.

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Langkawi International Yachting Companies

A director of a Langkawi company who, in contravention of subsection (4), discloses to any person, or uses for any purpose, any information obtained by reason of his office shall be guilty of an offence against this Act.

Notwithstanding any other provision of this Act or the regulations to the contrary, and unless otherwise provided in the articles of association of a Langkawi company, a director of a

Langkawi company shall not be liable to any penalty provided for under this Act for any damage caused to or suffered by any person, howsoever arising, otherwise than by reason of his wilful misconduct, wilful default or wilful neglect.

Consent to act as director