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Directors’ duties to their companies’ best interests are ‘sacrosanct’ and ‘non-negotiable’: SID panel

Ruth Chai and Felicia Tan
Ruth Chai and Felicia Tan • 9 min read
Directors’ duties to their companies’ best interests are ‘sacrosanct’ and ‘non-negotiable’: SID panel
The panel convenes at a pivotal moment for Singapore’s capital markets, which are undergoing significant changes, including regulatory reforms, notes Wilson Chew, managing partner at growth advisory firm JP Wilson. Photo: Singapore Institute of Directors
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Company directors must act in the best interests of the company they represent, and that is not negotiable, says Lawrence Loh, director of the Centre for Governance and Sustainability, National University of Singapore (NUS), at a panel discussion hosted by the Singapore Institute of Directors (SID) on June 25 titled When board members disagree — lessons from recent public disputes.

”I think that’s sacrosanct, that’s a given, that’s non-negotiable,” he adds in response to a question on what directors should do when board disagreements become public.

The panel takes place at a time of change for Singapore’s capital markets, marked by regulatory reforms, notes moderator Wilson Chew, managing partner at growth advisory firm JP Wilson.

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