Ƶ

Board Resolution For Performance Evaluation for Malaysia

Board Resolution For Performance Evaluation Template for Malaysia

A formal board resolution document governed by Malaysian law that establishes and outlines the framework for conducting performance evaluations of the board of directors, its committees, and individual directors. The document incorporates requirements from the Companies Act 2016 and Malaysian Code on Corporate Governance 2021, setting out the evaluation methodology, frequency, responsibilities, and reporting mechanisms. It serves as a crucial corporate governance tool ensuring accountability, effectiveness, and continuous improvement in board performance while maintaining compliance with Malaysian regulatory requirements.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Board Resolution For Performance Evaluation

Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Board Resolution For Performance Evaluation?

The Board Resolution For Performance Evaluation is a critical corporate governance document used by Malaysian companies to formalize and standardize their board evaluation processes. It becomes necessary when companies need to establish or update their board evaluation framework in compliance with the Companies Act 2016 and MCCG 2021 requirements. The resolution typically includes detailed provisions for evaluating board effectiveness, individual director performance, and committee functioning, while also addressing the frequency of evaluations, methodology, and reporting requirements. This document is particularly important for ensuring good corporate governance practices and maintaining regulatory compliance in the Malaysian corporate environment, where board effectiveness and accountability are increasingly scrutinized by stakeholders and regulators.

What sections should be included in a Board Resolution For Performance Evaluation?

1. Title and Date: Formal identification of the document as a Board Resolution with the date of passing

2. Company Details: Full legal name and registration number of the company

3. Preamble: Statement confirming this is a resolution of the Board of Directors and reference to relevant meeting details

4. Legal Authority: Citation of relevant provisions from Companies Act 2016 and MCCG 2021 authorizing the board to conduct performance evaluations

5. Purpose: Statement of the objectives and scope of the performance evaluation process

6. Evaluation Framework: Core structure and methodology of the performance evaluation process

7. Frequency and Timing: Specified intervals for conducting evaluations and timeline requirements

8. Responsibilities: Designation of parties responsible for conducting and overseeing the evaluation process

9. Confidentiality: Provisions regarding the confidential nature of evaluation results and processes

10. Implementation: Authorization for implementation and effective date of the resolution

11. Certification: Signature section for company secretary or authorized officer to certify the resolution

What sections are optional to include in a Board Resolution For Performance Evaluation?

1. External Evaluator Provisions: Include when the board decides to engage external consultants for the evaluation process

2. Disclosure Requirements: Include for listed companies subject to Bursa Malaysia disclosure requirements

3. Remedial Actions: Include when specific procedures for addressing performance issues need to be established

4. Committee-Specific Evaluations: Include when separate evaluation procedures for board committees are required

5. Peer Review Process: Include when implementing director-to-director evaluation components

What schedules should be included in a Board Resolution For Performance Evaluation?

1. Evaluation Criteria Matrix: Detailed criteria and scoring system for board, committee, and individual director evaluations

2. Evaluation Forms: Standard templates for various types of evaluations (board, committee, individual)

3. Timeline and Process Flow: Detailed schedule and procedural steps for the evaluation process

4. Reporting Templates: Standardized formats for presenting evaluation results and recommendations

5. Best Practice Guidelines: Reference guide incorporating MCCG 2021 principles and other relevant governance standards

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Malaysia

Publisher

Ƶ

Document Type

Board Resolution

Cost

Free to use
Relevant legal definitions























Clauses




















Relevant Industries

Financial Services

Manufacturing

Technology

Healthcare

Energy

Telecommunications

Real Estate

Consumer Goods

Industrial

Transportation

Education

Professional Services

Mining

Agriculture

Construction

Retail

Relevant Teams

Legal

Compliance

Corporate Secretariat

Corporate Governance

Internal Audit

Risk Management

Corporate Affairs

Board Secretariat

Regulatory Affairs

Relevant Roles

Chief Executive Officer

Company Secretary

Corporate Governance Officer

Board Chairman

Independent Director

Executive Director

Non-Executive Director

Chief Legal Officer

Compliance Officer

Corporate Secretary

Board Committee Chairman

Chief Risk Officer

Head of Internal Audit

Corporate Affairs Director

Industries





Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Board Resolution For Tender Participation

A Malaysian corporate document authorizing company participation in tenders, including designated signatory powers and scope of authority under Malaysian law.

find out more

Board Resolution For Performance Evaluation

A Malaysian law-compliant board resolution establishing the framework and procedures for board performance evaluation processes.

find out more

Board Resolution For Giving Loan To Other Company

A Malaysian board resolution authorizing an inter-company loan, compliant with the Companies Act 2016 and financial regulations.

find out more

Board Resolution For Business Transfer Agreement

A Malaysian corporate document recording board approval for a business transfer agreement, compliant with Companies Act 2016 requirements.

find out more

Board Resolution Approving Asset Purchase Agreement

A Malaysian corporate document recording board approval for an asset purchase transaction, including authorizations and key terms under Malaysian law.

find out more

Resolution Of Bank Account Opening

A Malaysian corporate resolution authorizing the opening and operation of bank accounts, specifying authorized signatories and banking powers under Malaysian banking and corporate laws.

find out more

Resolution For Bank Account Opening For Society

A Malaysian legal document authorizing bank account opening and operations for registered societies, specifying signatories and banking mandates.

find out more

Members Resolution For Appointment Of Director

A Malaysian corporate document recording shareholders' resolution to appoint a new director, complying with the Companies Act 2016.

find out more

Board Resolution For Sale Of Immovable Property

A Malaysian corporate resolution documenting board approval for the sale of company-owned immovable property, compliant with local company and land laws.

find out more

Board Resolution For Non Operation

A Malaysian corporate document recording the board's formal decision to cease company operations, compliant with Companies Act 2016 requirements.

find out more

Board Resolution For Appointment Of Authorised Representative

A Malaysian law-compliant board resolution document appointing and empowering an authorized representative to act on behalf of a company.

find out more

Board Resolution Business Closure

A formal Malaysian legal document recording the board's resolution to cease business operations and wind up the company, compliant with the Companies Act 2016.

find out more

Board Resolution For Restructuring Of Loan

A Malaysian corporate document recording board approval for loan restructuring arrangements, compliant with local company and banking regulations.

find out more

Board Resolution For Appointment Of Director In Private Company

A formal Malaysian corporate document recording the board's resolution to appoint a new director in a private company, complying with Companies Act 2016 requirements.

find out more

Board Resolution For Renewal Of Bank Guarantee

A Malaysian law-compliant board resolution authorizing and documenting the renewal of an existing bank guarantee.

find out more

Board Resolution For Opening Of Suspense Escrow Demat Account

A Malaysian board resolution authorizing the opening and operation of a suspense escrow demat account, compliant with local corporate and securities laws.

find out more

Board Resolution For Forfeiture Of Shares

A Malaysian corporate document recording the board's resolution to forfeit shares due to non-payment of calls or installments, in compliance with the Companies Act 2016.

find out more

Board Resolution For Dormant Company

A Malaysian board resolution document declaring company dormancy status and authorizing necessary actions under Companies Act 2016.

find out more

Resolution To Add Director

A Malaysian corporate resolution document formalizing the appointment of a new director in compliance with the Companies Act 2016.

find out more

Board Resolution For Takeover Of Company

A Malaysian law-governed board resolution documenting the formal approval and terms for a company takeover, compliant with local corporate and securities regulations.

find out more

Board Resolution For Subscription Of Shares

A Malaysian corporate document recording the board's formal approval for issuing new shares and authorizing their subscription.

find out more

Board Resolution For Joint Venture Agreement

A Malaysian corporate resolution documenting board approval and authorization for entering into a joint venture agreement, in compliance with local company law.

find out more

Board Resolution Approving Transaction

A Malaysian corporate document recording board approval for a specific business transaction, compliant with the Companies Act 2016 and relevant regulations.

find out more

Board Resolution Appointing Representative

A Malaysian corporate resolution documenting the board's appointment of a company representative and defining their scope of authority.

find out more

Trust Resolution For Authorised Signatory

A Malaysian legal document that formally appoints and defines the powers of authorized signatories to act on behalf of a trust.

find out more

Board Resolution For Termination Of Agreement

A Malaysian corporate document recording the board's formal decision to terminate an existing agreement, in compliance with Malaysian company law.

find out more

Board Resolution For Funding

A Malaysian corporate resolution documenting board approval and authorization for company funding arrangements.

find out more

Company Secretary Resolution

A formal Malaysian corporate document recording official decisions and actions taken by or through the company secretary, compliant with the Companies Act 2016.

find out more

Board Resolution For Ratification Of Agreement

A Malaysian corporate document recording board approval and ratification of an agreement, complying with the Companies Act 2016 requirements.

find out more

Board Resolution For Issue Of Convertible Notes

A Malaysian corporate document recording board approval for issuing convertible notes, including terms and authorization for implementation.

find out more

Board Resolution For Satisfaction Of Charge

A Malaysian corporate document recording the board's resolution to process the satisfaction of a registered charge following debt repayment.

find out more

Board Resolution For One Person Company

A formal Malaysian legal document recording decisions made by the sole director-shareholder of a one-person company under Malaysian Companies Act 2016.

find out more

Board Resolution For Incorporation Of A Subsidiary Company

A Malaysian board resolution document authorizing and detailing the incorporation of a new subsidiary company, in compliance with the Companies Act 2016.

find out more

Board Resolution For Director Resignation

A Malaysian corporate resolution documenting the board's acceptance of a director's resignation and authorizing necessary regulatory filings with CCM.

find out more

Board Resolution Change Of Directors

A Malaysian corporate resolution documenting changes in company directorship, compliant with the Companies Act 2016.

find out more

Board Resolution Change Of Address

A Malaysian corporate document recording the board's formal decision to change the company's registered address, compliant with local company law requirements.

find out more

Appointing A Director By Ordinary Resolution

A Malaysian corporate resolution document for appointing a new director through shareholder approval under the Companies Act 2016.

find out more

Closure Of Bank Account Board Resolution

A Malaysian corporate resolution document authorizing the closure of company bank accounts, compliant with local company and banking laws.

find out more

Board Resolution For Bank Guarantee

A Malaysian corporate resolution authorizing the issuance of a bank guarantee, documenting board approval and designated signatories under Malaysian law.

find out more

Board Resolution For Acquisition Of Business

A Malaysian board resolution authorizing the acquisition of a business, compliant with the Companies Act 2016 and corporate governance requirements.

find out more
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it