by The Raffles Corporate Services Editorial Team | Jul 16, 2026 | Corp Sec Library, Running Your Company, Starting a Company
The Complementarity Assessment Framework — known everywhere in Singapore as COMPASS — is the points-based system the Ministry of Manpower (MOM) uses to decide whether an Employment Pass (EP) applicant should be approved. Since 1 September 2023 it has replaced the old...
by Willie Tan | Jul 16, 2026 | Running Your Company
Introduction Small private companies in Singapore often view corporate governance as a concern for larger organisations. However, good corporate governance matters even for small private companies: it supports compliant operations, protects directors and shareholders,...
by The Raffles Corporate Services Editorial Team | Jul 15, 2026 | Corp Sec Library, Running Your Company
Under the Companies Act 1967, general meetings are how shareholders make decisions. A director should call one when required by the constitution, the Act, or a valid requisition. But sometimes the directors refuse to call a meeting; sometimes the quorum requirements...
by The Raffles Corporate Services Editorial Team | Jul 15, 2026 | Corp Sec Library, Running Your Company
When a Singapore private company issues more than one class of shares, disputes over what rights each class actually carries are almost inevitable. Ordinary shares, non-voting shares, redeemable preference shares, “founder shares”, management shares,...
by The Raffles Corporate Services Editorial Team | Jul 15, 2026 | Corp Sec Library, Running Your Company
Section 168 of the Companies Act 1967 is the provision that stops directors from quietly voting themselves large “compensation for loss of office” or exit payments on the way out the door. It requires payments made to a director in connection with the loss...
by The Raffles Corporate Services Editorial Team | Jul 15, 2026 | Corp Sec Library, Running Your Company
Every director of a Singapore company is required, at some point in their tenure, to make a formal declaration under section 156 of the Companies Act 1967. The declaration is short, but the underlying obligation runs deep. If you fail to disclose a personal or...
