No limit on number of board directorships, but directors expected to discharge duties effectively

About 95 per cent of directors hold no more than two directorships. Read more at straitstimes.com.

SINGAPORE - Overboarding – the practice of individuals holding more board directorships than they can reasonably handle – is not prevalent in Singapore.

Mr Perera had argued that the more board directorships one holds, the less time one can devote to discharging his responsibilities as a director effectively. Mr Chee said the code of corporate governance has additional safeguards if a director holds a significant number of directorships. SGX rules stipulate that companies have to disclose the directorships and principal commitments of individuals seeking to be appointed or re-elected to their boards.

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