EP6: Provision 1.2 Director's Knowledge Requirements & Training

03/03/2023 2 min Temporada 1 Episodio 6
EP6: Provision 1.2 Director's Knowledge Requirements & Training

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Episode Synopsis

Provision 1.2 reads  “Directors understand the company’s business as well as their directorship duties. Directors are provided with opportunities to develop and maintain their skills and knowledge at the company’s expense. The induction, training and development provided to new and existing directors are disclosed in the company’s annual report."If a Director does not have the relevant industry background, how much understanding must he attain so as to discharge his duties? How does a firm keep its Directors up-to-date on the latest industry and company developments?  Show Notes1) Download the Singapore Code of Corporate Governance belowhttps://www.mas.gov.sg/-/media/mas/news-and-publications/code-of-corporate-governance-6-aug-2018-revised-11-jan-2023.pdf2) Join the preparatory course for the SCA examshttps://courses.learningluminaries.com/courses/sca-business-valuation-governance