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Question 3 (a) In 1995, the world's second oldest merchant bank, Barings Bank collapsed due to massive losses incurred by a single rogue trader who
Question 3 (a) In 1995, the world's second oldest merchant bank, Barings Bank collapsed due to massive losses incurred by a single rogue trader who made fraudulent, unauthorised and speculative moves. The directors of the bank were disqualified for failing to supervise his activities. Examine the duty of care, skill and diligence of a director under the Companies Act 2016 in Malaysia. (8 marks) (b) Over the last few decades, the company secretary role has evolved into performing the function as the Chief Administrative Officer (CAO) which is the bread and butter for a company secretary as well as acting as "Board Advisor". Using appropriate examples, demonstrate the much broader role of the modern-day company secretary within the organisation. (12 marks)
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