Singapore legislation
Regulation 11
Regulation 11
“Fit and proper” factors for person acting as nominee director
For the purposes of section 16(1) read with section 16(2)(b), the factors which a registered corporate service provider for providing the corporate service of acting, or arranging for another person to act, as a director of a corporation must consider in determining whether a person to be arranged to act as a nominee director of a company is a fit and proper person include —
whether the person has been convicted (whether in Singapore or elsewhere) of any offence involving fraud or dishonesty, or of any relevant offence;
whether the person is an undischarged bankrupt, whether in Singapore or elsewhere;
whether the person’s previous conduct and compliance history of the companies of which the person was a director (if applicable) has been satisfactory; and
whether the person has the competency, capacity and capability to properly fulfil the obligations of a nominee director, taking into account the person’s experience and existing commitments, including the number of the person’s existing directorships.