Can director hold directorship for different company
Yes, Companies Act allowed director to hold position for more than 1 company as long as there is NO conflict of interest between the relevant companies.
Relevant director must remember that all director owned fiduciary director to each Company. Failure to do so may caused court case.
Sample case : Hyflux
However there is DIFFERENT APPLICATION on appointed director who is Employment Pass holder .
According to MOM regulation, Employment Pass holder is only allowed to work for the employed company stated on the working visa .
He or she must apply consent with MOM to hod the 2nd directorship.
The key consideration for approval of 2nd directorship is the relevant company must be relating to primary company example in term of shareholding .
The following scenario is allowed Employment Pass holder to take 2nd directorship .
