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Will repeal of Section 153 harm board renewal?

Independent directors who have served more than nine years should be elected annually, regardless of age.


WITH effect from Jan 3, 2016, Section 153 of the Singapore Companies Act has been repealed. This section dealt with the age limit of directors and applied to directors who are of or over the age of 70. Unlike other directors, such directors could only be elected directly by shareholders at the...

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