by Willie Tan | Apr 12, 2024 | Glossary
A majority shareholder is an individual or entity that owns more than 50% of the total outstanding shares of a company’s stock. This means they have the largest ownership stake in the company relative to other shareholders. As a result, they often have...
by Daryl Lum | Apr 12, 2024 | Glossary
The term Chief Executive Officer, or CEO, refers to the most senior executive decision-maker in the company. In many instances, the term CEO and Managing Director (MD) is used interchangeably. The Companies Act defines the CEO as a person who is principally...
by Daryl Lum | Apr 12, 2024 | Glossary
Bookkeeping entails the systematic organisation, categorisation, and preservation of a company’s financial records. This process includes documenting transactions and keeping financial documents to oversee the financial well-being of a business. Nowadays, most...
by Daryl Lum | Apr 12, 2024 | Glossary
A board meeting in Singapore is a formal gathering of the directors of a company to discuss and make decisions on the company’s strategic, operational, and financial matters. These meetings are crucial for the governance and management of the company and...
by Daryl Lum | Apr 12, 2024 | Glossary
Capital encompasses a wide array of assets that deliver value or benefits to their owners, including tangible assets like factories and machinery, intangible assets such as patents, and financial resources of both businesses and individuals. Though often equated with...
by Daryl Lum | Apr 12, 2024 | Glossary
A Certificate of Incorporation (COI) is a formal document that verifies the legal registration of a company. Typically issued by the company registrar or the Accounting and Corporate Regulatory Authority (ACRA), it becomes available for acquisition immediately upon...
by Daryl Lum | Apr 12, 2024 | Glossary
Arbitration is a form of alternative dispute resolution (ADR) where parties agree to resolve their dispute by a neutral tribunal, typically comprising at least one arbitrator, whose decision is binding. This method offers a private and confidential resolution process...
by Daryl Lum | Apr 12, 2024 | Glossary
Amortisation, a fundamental concept in accounting, entails gradually reducing the recorded cost of an intangible asset over its anticipated period of utilisation, commonly referred to as its useful life. This process effectively transfers the asset from the balance...
by Daryl Lum | Apr 12, 2024 | Glossary
An acquisition refers to a transaction in which a company acquires a majority or all of another company’s shares to attain control over it. Such transactions are widespread in the business world and can occur either with or without the approval of the target...
by Willie Tan | Apr 12, 2024 | Glossary
A Model Constitution refers to a standardised set of rules and regulations that govern the internal workings and structure of an organisation, typically a company, association, or other legal entity. It serves as a template or framework for drafting the constitution...
