Shareholders’ say on pay. Over the last few weeks in Malaysia, there have been discussions on the pay of the top executives or directors of companies. I set out 6 key legal issues that relate to this in light of the Companies Act 2016 (CA 2016) and the Malaysian Code of Corporate Governance 2017 (MCCG). The issues include the distinction between directors’ fees and the pay or remuneration of a CEO, and how do shareholders have their say on the payment of these fees or remuneration.
This week’s edition of The Edge has a feature on legaltech in Malaysia.
The article — titled “Innovation and the legal profession” — features quotes from TheMalaysianLawyer.com’s Marcus van Geyzel, as well as Cherilyn Tan (Asia Law Network), Eric Chin, Fahri Azzat (Fahri & Co and Locum Legalis), and Noemie Alintissar (Future Law Innovation Programme, Singapore Academy of Law).
The High Court in its Grounds of Judgment dated 20 June 2018 in Abdul Rahman bin Ismail v Pembangunan Qualicare Sdn Bhd (Penang High Court Winding Up Petition No. 28-6-01/2013) made an interesting observation when there are competing nominees to be appointed as liquidator in a court winding up.
The High Court raised the possibility of a need for a mini trial in order to test the suitability of the two competing liquidator nominees. Continue reading →