Document background
The Deed of Indemnity and Access is a fundamental corporate governance document used in Malaysian business practice to protect directors and officers in the execution of their duties. It is typically implemented when appointing new directors or officers, or updating existing indemnity arrangements to comply with current legislation. The document provides critical protection by indemnifying eligible officers against liabilities incurred in good faith while performing their role, subject to limitations under the Companies Act 2016. It also ensures ongoing access to corporate records, which is essential for defending potential claims or addressing corporate matters even after the officer's tenure ends. This deed is particularly important in Malaysia's increasingly complex corporate environment, where directors and officers face growing regulatory scrutiny and potential liability.
