WLPTA Practically Speaking Series cover on family business succession and multi-generational legacy planning in Malaysia

You Have Built Your Business Empire. Will It Be A Multi-Generational Legacy?

Practically Speaking Series Many business owners devote their lives to building successful companies, yet few pause to consider whether those businesses are truly equipped to endure across generations. Drawing on real-life family business disputes and practical experience, this article explores why succession planning extends far beyond preparing a Will or establishing a Trust. It examines…

Business Judgment Rule and the Iris Corporation case — WLPTA Practically Speaking Series by Chithra Ganesalingam

Has The Business Judgment Rule (BJR) As Clarified In Iris Corporation Case Eased The Decision-Making Process For Companies?

Practically Speaking Series The Malaysian courts, recently in the case of Iris Corporation[1] and earlier in the case of Petra Perdana[2], affirmed that directors should not be exposed to personal liability for every unsuccessful business decision. These decisions have forged a coherent and modern articulation of the business judgment rule (BJR) which is embodied in…