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Casting a light on shadow directors

A person may be a shadow director if the board consults him on all significant issues in the running of the company, and he expects his views to be respected by the board.

IN general, a person formally becomes a company director by a resolution of the board or shareholders. However, a person may have the same legal duties and liabilities of a director despite not being formally appointed as one. Singapore corporate law recognises the concept of a shadow director,...