eGuide to CG Code

The appointment and the removal of the company secretary should be a matter for the Board as a whole.
 
A. Explanation

This Guideline states that the Board as a whole should decide on the appointment and removal of the company secretary.

The company secretary is an important personnel to the Board. He provides the main corporate legal and administrative support for each and every one of the directors.  

The position of the company secretary is enshrined in the Companies Act (CA). Section 171 of the CA sets out the requirement to have one or more company secretaries, and the qualifications of such persons.

Given the importance of the company secretary, the Guideline requires that his appointment and removal should be decided by the Board as a whole, and not individually by the Board Chairman and certainly not by management.

 

B. SGX Disclosure Guide
  • Nil.

 

C. Related Rules and Regulations

 

D. CG Guides
  • Board Guide 6.3: The Company Secretary [Board Relationships].
  • Board Guide Appendix 6D: Guidance Notes for Company Secretaries [Board Relationships].
  • Board Guide Case Study 6B-3: Removing the Company Secretary [Board Relationships].

 

E. Related Articles
  • Nil.

 

eGuide to CG Code
Overview
Board Matters
Principle 1
Guideline 1.1
Guideline 1.2
Guideline 1.3
Guideline 1.4
Guideline 1.5
Guideline 1.6
Guideline 1.7
Principle 2
Guideline 2.1
Guideline 2.2
Guideline 2.3
Guideline 2.4
Guideline 2.5
Guideline 2.6
Guideline 2.7
Guideline 2.8
Principle 3
Guideline 3.1
Guideline 3.2
Guideline 3.3
Guideline 3.4
Principle 4
Guideline 4.1
Guideline 4.2
Guideline 4.3
Guideline 4.4
Guideline 4.5
Guideline 4.6
Guideline 4.7
Principle 5
Guideline 5.1
Guideline 5.2
Guideline 5.3
Principle 6
Guideline 6.1
Guideline 6.2
Guideline 6.3
Guideline 6.4
Guideline 6.5
Remuneration Matters
Principle 7
Guideline 7.1
Guideline 7.2
Guideline 7.3
Guideline 7.4
Principle 8
Guideline 8.1
Guideline 8.2
Guideline 8.3
Guideline 8.4
Principle 9
Guideline 9.1
Guideline 9.2
Guideline 9.3
Guideline 9.4
Guideline 9.5
Guideline 9.6
Accountability and Audit
Principle 10
Guideline 10.1
Guideline 10.2
Guideline 10.3
Principle 11
Guideline 11.1
Guideline 11.2
Guideline 11.3
Guideline 11.4
Principle 12
Guideline 12.1
Guideline 12.2
Guideline 12.3
Guideline 12.4
Guideline 12.5
Guideline 12.6
Guideline 12.7
Guideline 12.8
Guideline 12.9
Principle 13
Guideline 13.1
Guideline 13.2
Guideline 13.3
Guideline 13.4
Guideline 13.5
Shareholder Rights and Responsibilities
Principle 14
Guideline 14.1
Guideline 14.2
Guideline 14.3
Principle 15
Guideline 15.1
Guideline 15.2
Guideline 15.3
Guideline 15.4
Guideline 15.5
Principle 16
Guideline 16.1
Guideline 16.2
Guideline 16.3
Guideline 16.4
Guideline 16.5
eGuide Glossary
Disclosure of CG arrangements
The Role of Shareholders

Copyright © 1998 - 2017 Singapore Institute of Directors. All rights reserved.