Board directors have fiduciary duties to act in the best interests of the company. Under Rule 720(1), issuers must ensure under Mainboard Rule 210(5)(b) or the equivalent Catalist Rule that directors comply with the character and integrity requirements on a continuing basis.
Reports of directors of listed issuers being called in for questioning by police investigators surface every now and then. SGX RegCo is often asked following such reports, whether these directors should be allowed to continue to serve on boards or resume their duties in the listed companies.
Nominating Committee’s obligations.
