My post on LinkedIn can be seen here.
I was recently invited by The Business Times Singapore to participate in a podcast where I shared my views on the extent of directors’ duties and responsibilities, following the Appellate Division of the Singapore High Court’s decision in The Liquidators of Inter-Pacific Petroleum (“IPP”) versus Goh Jin Hian.
In the podcast, I addressed the following key questions:
- How does the recent decision of the Appellate Division of the Singapore High Court in Goh Jin Hian vs IPP (in liquidation) impact the perceived responsibility of company directors in Singapore?
- What practical implications does the judgment have on the criteria for holding a director liable for company mismanagement?
- In what ways does the judgment clarify the boundary between a director’s duty to monitor and the standard of care expected from them?
- How might this judgment influence the behaviour of directors in terms of their engagement with company operations?
- To what extent should directors be involved in the daily operations of a company to avoid breaching their duty of care?
- Why is it important for directors and officers to have liability insurance, and what key aspects should they consider when acquiring such insurance?
- How could the outcomes of other high-profile cases like Hyflux further shape the interpretations of directors’ duties in Singapore?
- What steps can directors take to ensure they are actively fulfilling their role without crossing into micromanagement?
I thank The Business Times Singapore for hosting this important conversation.
Listen to the podcast here: Link
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