Self-Dealing by Directors in Malaysia

Incidents of directors dealing with corporate property so as to benefit themselves have made business news headlines. There is an awareness that directors can, and at times do, use their powers to make a profit for themselves at the expense of the company. Directors have substantial powers in relation to the property of the company and transactions entered into by the company. Nevertheless, the law requires directors to refrain from exercising those powers for their personal benefit, and to consider instead, the paramount interest of the company. 

In many cases of self-dealing by directors, it is the minority shareholders who lose out, the value of their investment in shares whittled away by directors' self dealing. Although this book focuses primarily on the duties and liabilities of directors, the position of shareholders, minority shareholders in particular, have been considered as being of vital importance. A chapter is devoted to the rights of shareholders to seek legal recourse in situations in which directors engage in self-dealing.

Readership
Legal practitioners, company directors, academicians and students