Appointment of Directors In accordance with the Companies Act, a Singapore company can have any number of local and foreign directors. However, the company must have at least one director who is ordinarily resident in Singapore. i.e. Singapore Citizen, Singapore Permanent Resident, or a person who has been issued an Entrepreneur Pass or Employment Pass. Any person above the age of 18 years may be appointed as a director. However, certain individuals e.g. bankrupts, are disqualified from holding director positions. Duties and Responsibilities of Directors of a Singapore Company DIRECTORS of a Singapore company must comply with the common law and specifically with the Companies Act of Singapore. As most of the company’s powers are vested in the board of directors, they control its affairs and are thus answerable to the company’s shareholders collectively. Fiduciary Duties Directors have a fiduciary duty to their company. This means that they […]