April 12, 2024
Charitable Trust
A charitable trust is a legal entity created to advance charitable causes or benefit the public. It is formed when a settlor (the person establishing the trust) transfers…
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April 12, 2024
Indemnity
Indemnity is a legal concept that involves one party agreeing to compensate another for the harm or loss that they have suffered or might suffer in the future,…
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Fiduciary Duties
Fiduciary duties refer to the highest standard of care imposed by law or equity on individuals who manage the assets or interests of others. These duties are entrusted…
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April 12, 2024
Minority Shareholder
A minority shareholder is an individual or entity that holds a minority stake in a company, meaning they own less than 50% of the total outstanding shares of…
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Memorandum of Understanding
A Memorandum of Understanding (MOU) is a document that outlines the terms and details of an agreement or understanding between two or more parties. It is a formal,…
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Memorandum of Association
The Memorandum of Association (MOA) is a legal document that serves as one of the founding documents of a company. It outlines the fundamental principles and objectives upon…
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April 12, 2024
Majority Shareholder
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…
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Chief Executive Officer (CEO)
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.…
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April 12, 2024
Bookkeeping
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…
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Board Meeting
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.…
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