Directors of Raffles Education surrender passports amid probe
#3

Cases like these put a spotlight on the roles, responsibilities and liabilities of Independent Non-Executive directors.

Independent Non-Executive directors are a creation of MAS and SGX as the Companies Act does not differentiate directors.

MAS' Code of Corporate Governance clearly draws the line of Independent Non-Executive directors from involvement with management of companies.

Warning to all Independent Non-Executive directors and wannabe, think twice, thrice before accepting appointment.

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