Director's Duty
1. Statutory Duties
- Duty to disclose interests in transactions
Under Sec 156 of the CA, The Director is required to inform the company any information which may harm for company. This disclosure is not required where “the interest of the director consists only of being a member or creditor of a corporation which is interested in a transaction” and “if the interest of the director may properly be regarded as not being a material interest.”
싱가포르 회사법 156조에 따르면 모든 이사는 중요하거나 회사에 손실이 발생될 거래 대해서는 모두 이사회에 통보해야 하는 의무가 있습니다. 하지만 중요하지 않은 거래이거나 오직 주주와 채권자들 관련 거래라면 별도의 통보 의무는 없습니다.
Besides disclosing the nature and extent of his interest in an entity that is transacting with the company, the director must also disclose the nature, character and extent of any conflicts with his directors’ duties that may arise due to his holding any office or possessing any property.
거래 성격과 법인 내용 이외 특성과 이해 상충 관계에 대해서도 반드시 정보 공유를 진행해야 하며 소유 부동산도 공개해야 합니다.
- Duty to act honestly and use reasonable diligence
Under section 157 of the CA, directors have the “duty to act honestly and use reasonable diligence in the discharge of the duties of his office”.
이사의 의무는 정직하게 업무를 시행해야할 의무가 있습니다.
a director “shall not make improper use of any information acquired by virtue of his position as officer or agent of the company to gain…an advantage for himself or for any other person or to cause detriment to the company”.
이사는 어떤 지위에서 얻게되는 정보나 권력으로 자신에게 이익이 되고 회사에 손해가 발생되는 행동을 해서는 안됩니다.
2. Common-Law Duties
- Duty to exercise power in good faith for the company’s interests
Directors owe a fiduciary duty towards the company, and so they must act in the interests of the company.
- Duty to avoid conflicts of interest
For example, a director cannot hijack a business opportunity that he comes across through his role as director without the informed consent of the company.
- Duties of skill, care and diligence
Failure in these duties can result in directors being sued for negligence.
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