How far do directors' duties extend?

CAMSING Healthcare's independent directors (IDs) came under fire last week, for quitting the board before the company's audit issues were resolved. In an unprecedented move, Singapore Exchange Regulation's (SGX RegCo) firmly worded Notice of Compliance (NoC) to Camsing's board made no bones about its unhappiness with the directors' move, even going so far as to warn them that they may not be deemed suitable for directorships in future.

SGX RegCo's swift response utilises one of its newly minted powers which, in this instance, enabled it to act more nimbly than in a typic…