Companies Act 2016 · Updated to 31 Jan 2025 · Part III · Management of Company
213. Duties and responsibilities of directors
Feedback & support(1)
A director of a company shall at all times exercise his powers in accordance with this Act, for a proper purpose and in good faith in the best interest of the company.
(2)
A director of a company shall exercise reasonable care, skill and diligence with—
(a)
the knowledge, skill and experience which may reasonably be expected of a director having the same responsibilities;
and
(b)
any additional knowledge, skill and experience which the director in fact has.
(3)
A director who contravenes this section commits an offence and shall, on conviction, be liable to imprisonment for a term not exceeding five years or to a fine not exceeding three million ringgit or to both.