What is a Data Protection Officer?

Under the Personal Data Protection Act (PDPA), organisations are required to appoint at least one person as the Data Protection Officer (DPO). The broad role of the DPO is to ensure that the organisation complies with the PDPA. The DPO can either be a person from within the organisation or the organisation can appoint a [...]

By |2020-07-07T10:15:52+08:00July 7th, 2020|What Is...|0 Comments

What is a 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. The Companies Act defines the CEO as a person who is principally responsible for the management and conduct of the company and its business. So [...]

By |2020-07-03T11:45:38+08:00July 3rd, 2020|What Is...|0 Comments

What is the Register for Registrable Controllers?

The Register for Registrable Controllers is a document that lists all controllers and beneficial owners of a company. A controller is an individual or an entity that has significant interest or significant control over the company.   Significant interest is determined as an individual or an entity that: holds 25 per cent or more of [...]

By |2020-06-06T11:21:45+08:00June 6th, 2020|What Is...|0 Comments

What is the Register of Members

The Register of Members is a record of all shareholders or members of a company. This may also be called the Register of Shareholders for companies that issue shares. In the register, the following information about the members of the company need to be maintained: Name of members Address of members Date of becoming a [...]

By |2019-09-03T12:12:00+08:00September 3rd, 2019|What Is...|0 Comments

What is a Politically Exposed Person

A Politically Exposed Person (PEP) is someone who has been entrusted with a prominent public function. Due to the position that a PEP is in, there is a higher risk for that particular individual to be involved in corruption or bribery. This term is usually used in the financial services industry and its accompanying industries. [...]

By |2019-08-30T10:00:40+08:00August 30th, 2019|What Is...|0 Comments

What is an Annual General Meeting (AGM)

An Annual General Meeting (AGM) is a mandatory meeting for all companies. The requirement is for companies to hold an AGM within 6 months from the end of their financial year. At the AGM, the directors of the company will present an annual report of the company, typically the financial statements, to the shareholders. This [...]

By |2019-08-28T10:00:59+08:00August 28th, 2019|What Is...|0 Comments

What is an Employee Stock Option Plan (ESOP)

An Employee Stock Option Plan (ESOP) is a form of Employee Share Ownership. An Employee Stock Option Plan gives employees the right to purchase shares of the company at a predetermined price within a particular time frame. There are a variety of reasons for implementing an ESOP in a company. An ESOP may be used [...]

By |2019-08-18T16:27:15+08:00August 18th, 2019|What Is...|0 Comments