A court case of Grab driver Leonard Koh Meng Huat being fined S$28,000 for failing to conduct due diligence as a nominee director raised eyebrows and generated discussions online last week. Experts explained what being a nominee director entails.
Koh pleaded guilty to seven charges under the Companies Act, with an additional 39 charges considered before he was sentenced to a fine.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Explainer: How did a Grab driver become nominee director for 60 companies and should there be a regulatory limit?A court case of Grab driver Leonard Koh Meng Huat being fined S$28,000 for failing to conduct due diligence as a nominee director raised eyebrows and generated discussions online last week. Experts explained what being a nominee director entails. Koh pleaded guilty to seven charges under the Companies Act, with an additional 39 charges considered before he was sentenced to a fine.
Source: TODAYonline - 🏆 1. / 99 Read more »