Arrests of EHT directors cast spotlight on directorship rules, responsibilities

Singapore

FOLLOWING Eagle Hospitality Trust's (EHT) announcement on Oct 1 that six of its former and current Singapore-based directors were arrested and released on bail, there has been a flurry of announcements from other listed companies addressing the positions of these individuals on their boards.

The directors in question - Lau Chun Wah, Kelvin Tan, Tarun Kataria, Salvatore G Takoushian, Carl Gabriel Florian Stubbe and Ng Kheng Choo - were arrested on "reasonable suspicion" over breaches of disclosure rules, in a follow-up from police investigations announced in June. (amendment note)