The global world of business typically functions with various accepted norms. One of those is the \u201cboard of directors\u201d. With Singapore being a global business hub, it\u2019s no surprise to learn that it\u2019s no different in the city state.<\/p>\n\n\n\n
The board of directors is a group of individuals tasked with overseeing a company\u2019s activities and overall performance. Generally, they\u2019re elected by shareholders to represent their interests as well as provide guidance to the CEO and executive team.<\/p>\n\n\n\n
In Singapore, there are various board roles and director duties that anyone doing business in the country should be aware of. Here\u2019s a complete guide to the different types of director roles in Singapore and what they entail. <\/p>\n\n\n\n
Read Also: What Is Your Responsibility As A Company Director In Singapore?<\/a><\/em><\/strong><\/p>\n\n\n\n First off, it\u2019s important to understand the actual rules that govern boards of directors in Singapore. For listed companies, the Singapore Exchange (SGX) has a handbook that lays out specific rules. In it, the SGX states that: <\/p>\n\n\n\n \u201cThe company is headed by an effective Board which is collectively responsible and works with Management for the long-term success of the company\u201d.<\/em><\/p>\n\n\n\n The rulebook also specifies that there must be a clear division of responsibilities between the leadership of the Board and the Management, which effectively refers to the Chairman and Chief Executive Officer (CEO). That ensures that no one person has \u201cunfettered powers of decision-making\u201d.<\/p>\n\n\n\nUnderstanding Board Director Roles In Singapore<\/strong><\/h3>\n\n\n\n