Few corporate crises are as debilitating as a deadlocked board of directors. When the two directors of a 50/50 company cannot agree — or when a board splits evenly and no side can carry a resolution — the company can become paralysed. Decisions cannot be made. Bank mandates cannot be updated. Contracts cannot be signed. [...]
The Corporate and Accounting Laws (Amendment) Act 2025 (CALA 2025) commenced on 6 May 2026, and with it came a significantly expanded set of grounds on which a Singapore company director can be disqualified — and a sharply elevated personal liability framework. Two months on, many directors remain unaware of how materially the legal landscape [...]
The role of a director cannot be taken lightly. As a director, one should carry out his or her duties carefully and honestly. If found to be in breach of statutory duties, a director may face criminal prosecution. This year for instance, there were separate reports of a company director convicted for lodging false information [...]