Membership
MACD membership in Malaysia will be widely representative of commerce, industry, government and the business professions—spanning the full spectrum of business from the largest public companies to the smallest private enterprises.
Members hold positions on the boards of many of the companies listed on Bursa Securities Malaysia. Membership is also extended to directors of privately owned companies, professionals, business leaders and executives holding senior positions in the public sector. Our goal is to represent all who make decisions that ensure the success of private and public enterprise, with a particular emphasis on increasing members' diversity.
Although membership is limited to individuals, there are special categories of Charter Members and valued Corporate Members that align themselves with the aims and objectives of MACD by financially supporting its objectives and ideals.
The Corporate Board membership category provides certain advantages to companies wishing to ensure their directors benefit through their individual membership in MACD.
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Eligibility
Membership of MACD is confined to individuals. The general qualifying criteria for individual membership are as follows:
Notwithstanding the above, applicants must meet the following qualifying criteria:
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Individual Membership
MEMBER
Applicant must be:
- a director or alternate director of the company
- a company secretary, accountant or legal counsel of the company
- a senior executive with managerial responsibilities
Members are entitled to use the designation MMD (Member, MACD).
ASSOCIATE MEMBER
Applicant who is not currently serving in a Public Listed Company Board must be:
- a director or alternate director of a non Public Listed Company
- a partner, associate, or senior manager of a professional practice
(e.g. company secretaries, accountants, stockbrokers, lawyers, etc.)
- a board member of a close corporation; or
- an executive at senior level in national, regional or local government
- academic personnel at the level of, or equivalent to, professor
(heads of appropriate faculties in technical colleges) are included under this category
Associate Members are entitled to use the designation AMD (Associate, MACD).
FELLOW MEMBER
Applicant must comply with the requirements of a Member as set out here and must have been a member for a minimum of 5 years. The successful applicant will also:
Fellow members are entitled to use the designation FMD (Fellow, MACD).
DISTINGUISHED FELLOW MEMBER
This category of membership is by invitation only and is based on:
Distinguished Fellow members are entitled to use the designation DFD(Distinguished Fellow, MACD).
AFFILIATE MEMBER
This category of membership is for aspiring directors who are not eligible for any of the above categories but are committed to the directors' certification programmes developed by MACD. Upon successful certification, the candidate may apply to be an Associate Member.
Affiliates are not entitled to carry a post-nominal designation of MACD.
RETIRED MEMBER
A retired member is:
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Board Membership
Where a company or enterprise enrols members of its full board as individual members of MACD, it shall be entitled to receive benefits that are tailored to their particular needs. These include customised in-boardroom education delivered by MACD at a privileged rate.
Although the company is liable for settlement of annual subscriptions on presentation of invoice, the membership is vested in the individual, who retains the association. However, individual members who leave their companies during the course of the year need to reapply for conversion to become individual members or fellows and are personally responsible for future subscriptions. The company may nominate a replacement director who would be considered and accepted at no additional cost to the company up to 31 December of the year concerned.
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Corporate Member
Corporate Members—whether companies, business enterprises, institutions or organisations—are non voting members, but are supporters of MACD's objectives and activities and align themselves with good corporate governance and business ethics. Individuals within Corporate Member Organisations are encouraged to become members.
Enterprises that accept MACD's invitation to become Corporate Members, may nominate an individual as the contact person to receive all information disseminated by MACD. Corporate Members carry an initial commitment of 3 years with a contribution of RM20,000 per year, and are entitled to nominate up to 10 eligible individuals to be members.
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Charter Member
This special category for corporations is by invitation only, and is limited to select “Champion Corporations” committed to develop professionalism in corporate directorship. A Charter Member provides an upfront contribution of RM100,000 as “Advanced Annual Membership Fees” to cover a period of five (5) years for up to ten (10) of its eligible directors as individual members.
Besides being entitled to all the benefits of Corporate Membership, Charter Members may also be invited to join the Board of Advisors as thought leaders and a think-tank group in MACD.
MACD membership in Malaysia will be widely representative of commerce, industry, government and the business professions—spanning the full spectrum of business from the largest public companies to the smallest private enterprises.
Members hold positions on the boards of many of the companies listed on Bursa Securities Malaysia. Membership is also extended to directors of privately owned companies, professionals, business leaders and executives holding senior positions in the public sector. Our goal is to represent all who make decisions that ensure the success of private and public enterprise, with a particular emphasis on increasing members' diversity.
Although membership is limited to individuals, there are special categories of Charter Members and valued Corporate Members that align themselves with the aims and objectives of MACD by financially supporting its objectives and ideals.
The Corporate Board membership category provides certain advantages to companies wishing to ensure their directors benefit through their individual membership in MACD.
Back to Top | See Membership Benefits
Eligibility
Membership of MACD is confined to individuals. The general qualifying criteria for individual membership are as follows:
- All currently serving directors of Public Listed Companies are eligible for Membership upon completion of attendance of a 2-day Directors Certification Course, followed by a non-graded assessment for knowledge and understanding of the corporate board best practices. (Note: The non-graded assessment moratorium period is applicable within 12 months of the official launch of MACD.)
- All others not currently serving in PLCs shall complete a 2-day Directors Certification Course and qualify by graded assessment for knowledge and understanding of the corporate board best practices.
- After the 12-month “moratorium period,” the qualifying criteria for membership shall be the completion of a Directors Certification Course and qualify by graded assessment for knowledge and understanding of the corporate board best practices
Notwithstanding the above, applicants must meet the following qualifying criteria:
Back to Top | See Membership Benefits
Individual Membership
MEMBER
Applicant must be:
- over 21 years of age
- with 3 or more years experience in a Public Listed Company in any of the following positions:
- a director or alternate director of the company
- a company secretary, accountant or legal counsel of the company
- a senior executive with managerial responsibilities
Members are entitled to use the designation MMD (Member, MACD).
ASSOCIATE MEMBER
Applicant who is not currently serving in a Public Listed Company Board must be:
- over 21 years of age
- has successfully completed the Directors Certification Course
- with 3 or more years experience in any of the following positions:
- a director or alternate director of a non Public Listed Company
- a partner, associate, or senior manager of a professional practice
(e.g. company secretaries, accountants, stockbrokers, lawyers, etc.)
- a board member of a close corporation; or
- an executive at senior level in national, regional or local government
- academic personnel at the level of, or equivalent to, professor
(heads of appropriate faculties in technical colleges) are included under this category
Associate Members are entitled to use the designation AMD (Associate, MACD).
FELLOW MEMBER
Applicant must comply with the requirements of a Member as set out here and must have been a member for a minimum of 5 years. The successful applicant will also:
- have held, in good standing, one or more of the requisite positions listed under the criteria for Member, for a minimum of 10 continuous years; or
- have held, in good standing, one or more of the requisite positions for a minimum of five (5) continuous years, operated in business for a minimum of 10 years, and have attained a recognised professional qualification or a university degree in a business field; or must have attended the specified MACD programme, or such other courses that MACD determines.
Fellow members are entitled to use the designation FMD (Fellow, MACD).
DISTINGUISHED FELLOW MEMBER
This category of membership is by invitation only and is based on:
- a member having a sustained, prominent and distinguished career as a director; or
- the member's outstanding participation in and services to or eminent or special contributions to the community or business.
Distinguished Fellow members are entitled to use the designation DFD(Distinguished Fellow, MACD).
AFFILIATE MEMBER
This category of membership is for aspiring directors who are not eligible for any of the above categories but are committed to the directors' certification programmes developed by MACD. Upon successful certification, the candidate may apply to be an Associate Member.
Affiliates are not entitled to carry a post-nominal designation of MACD.
RETIRED MEMBER
A retired member is:
- an individual who has been a Member or Fellow for at least 3 continuous years and is no longer active in business; and
- over 60 years of age.
Back to Top | See Membership Benefits
Board Membership
Where a company or enterprise enrols members of its full board as individual members of MACD, it shall be entitled to receive benefits that are tailored to their particular needs. These include customised in-boardroom education delivered by MACD at a privileged rate.
Although the company is liable for settlement of annual subscriptions on presentation of invoice, the membership is vested in the individual, who retains the association. However, individual members who leave their companies during the course of the year need to reapply for conversion to become individual members or fellows and are personally responsible for future subscriptions. The company may nominate a replacement director who would be considered and accepted at no additional cost to the company up to 31 December of the year concerned.
Back to Top | See Membership Benefits
Corporate Member
Corporate Members—whether companies, business enterprises, institutions or organisations—are non voting members, but are supporters of MACD's objectives and activities and align themselves with good corporate governance and business ethics. Individuals within Corporate Member Organisations are encouraged to become members.
Enterprises that accept MACD's invitation to become Corporate Members, may nominate an individual as the contact person to receive all information disseminated by MACD. Corporate Members carry an initial commitment of 3 years with a contribution of RM20,000 per year, and are entitled to nominate up to 10 eligible individuals to be members.
Back to Top | See Membership Benefits
Charter Member
This special category for corporations is by invitation only, and is limited to select “Champion Corporations” committed to develop professionalism in corporate directorship. A Charter Member provides an upfront contribution of RM100,000 as “Advanced Annual Membership Fees” to cover a period of five (5) years for up to ten (10) of its eligible directors as individual members.
Besides being entitled to all the benefits of Corporate Membership, Charter Members may also be invited to join the Board of Advisors as thought leaders and a think-tank group in MACD.
SITE MAP
MACD is a not-for-profit Company Limited by Guarantee established by directors, for directors and of directors to be the advocate representing the broad interests of corporate directors, corporate professionals and business leaders.
As directors are the primary decision-makers, they hold a special position of leadership and trust, and are responsible—both legally and morally—for the balanced direction and proper reward of all participants in our economic enterprises. Among MACD's top priorities are the developments of corporate directors with high level of entrepreneurship, corporate strategic performance and with best practices in corporate governance.
As directors are the primary decision-makers, they hold a special position of leadership and trust, and are responsible—both legally and morally—for the balanced direction and proper reward of all participants in our economic enterprises. Among MACD's top priorities are the developments of corporate directors with high level of entrepreneurship, corporate strategic performance and with best practices in corporate governance.