Singapore legislation
Section 19
Section 19
Appointment and removal of chief executive officer, director, etc.
(1)
A bus operator holding a Class 1 bus service licence that is a company, limited liability partnership or other body corporate must not —
appoint or re-appoint an individual as its chief executive officer, or the chairperson of its board of directors or any of its directors; or
remove its chief executive officer or the chairperson of its board of directors or any of its directors,unless the licensee has obtained the prior written approval of the LTA.
(2)
An individual must not become a partner of a partnership that is a bus operator holding a Class 1 bus service licence unless the individual has obtained the prior written approval of the LTA.
(3)
Where an individual —
is appointed or re-appointed by a bus operator holding a Class 1 bus service licence as its chief executive officer, its director or the chairperson of its board of directors, in contravention of subsection (1);
is removed as the chief executive officer or the chairperson of the board of directors or any of its directors, in contravention of subsection (1); or
is a partner in a partnership that is a bus operator holding a Class 1 bus service licence, in contravention of subsection (2),the LTA may issue a direction to the licensee to do as follows (whichever is applicable), and the licensee must comply with that direction:
to remove that individual from the individual’s appointment as the chief executive officer or a director or the chairperson of the board of directors of the licensee;
to reinstate the individual as the chief executive officer or a director or the chairperson of the board of directors of the licensee; or
to expel that partner.
(4)
This section has effect despite the provisions of any other written law and the provisions of the memorandum or articles of association, or other constitution, of a bus operator holding a Class 1 bus service licence; and nothing in section 152 of the Companies Act 1967 prevents the LTA from exercising any power under this section.
(5)
Nothing in subsection (3) is to be taken as depriving an individual who is removed under that subsection of compensation or damages payable to the individual in respect of the termination of his or her appointment as a chief executive officer, director or chairperson of the board of directors or expulsion as a partner.