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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.

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