The Myanmar Companies Law (MCL) has brought very significant changes to the investment landscape in Myanmar. If companies wish to thrive in the new environment they need to be very aware of all the changes in the law. This Legal and Tax Breakfast Talk aims to provide more information on these issues to interested foreign companies in Myanmar.
Directors’ duties under the new Companies Law Panel will count with the expertise of top-notch figures in the field:
Lingyi Quek, Resident Managing Lawyer, Dentons Myanmar (Moderator)
U Thant Sin Lwin, Acting Director General, DICA (TBC)
Jens Michel, CEO, METRO Wholesale Myanmar(TBC)
Alex Bohusch, Managing Director, Luther Myanmar(TBC)
Eddy Jabnoune, Country Representative, Audier & Partners Myanmar
Bhawna Bakshi, Legal Advisor, DFDL
There have been significant advances in corporate governance in Myanmar. The latest Myanmar Companies Law (MCL) codifies a set of duties for directors to provide for more accountability to shareholders for their decisions and set higher standards for corporate conduct that are in line with other common law jurisdictions.
In this breakfast talk, the discussion will be mainly focused on:
– The scope of the duties imposed on directors of companies incorporated in Myanmar as set out in Sections 165 to 172 of the MCL; and
– What the directors need to do to comply with such duties.