Question:
What are the prescribed requirements relating to experience, professional and academic requirements and membership of professional associations that a secretary of a public company must satisfy?
Answer:
The prescribed requirements relating to experience, professional and academic requirements and membership of professional associations that a secretary of a public company must satisfy are any of the following:
the person has, for at least 3 years in the period of 5 years immediately preceding his appointment as secretary, held the office of secretary of any company;
the person is a qualified person under the Legal Profession Act (Cap. 161);
the person is a public accountant;
the person is a member of the Institute of Singapore Chartered Accountants;
the person is a member of the Singapore Association of the Institute of Chartered Secretaries and Administrators;
the person is a member of the Association of International Accountants (Singapore Branch);
the person is a member of the Institute of Company Accountants, Singapore. (See regulation 89 of the Companies Regulations.)
For more information, please refer to section 171 of the Companies Act.
