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