Publication Type
Journal Article
Version
publishedVersion
Publication Date
2004
Abstract
The manner in which the powers of a company are carved out to be exercised by either the general meeting of shareholders or its board of directors is often a matter of interpretation of the constitution of the company. This approach retains a fair amount of flexibility in the differing models of power allocation that may be adopted by incorporators, but once carved out, the power allocation usually remains sacrosanct until such time as the constitution is validly altered. This was the position in Singapore before 2003. In 2003, the Companies Act of Singapore was amended to include s 157A, a section which appears to statutorily allocate the powers in a company. This article queries whether this was intended and, if so, what the consequences might be.
Discipline
Asian Studies | Business Organizations Law
Publication
Australian Journal of Asian Law
Volume
6
Issue
3
First Page
231
Last Page
252
ISSN
1443-0738
Publisher
University of Melbourne Law School
Citation
KOH, Pearlie.
The Great Divide: Considering Section 157a of the Singapore Companies Act. (2004). Australian Journal of Asian Law. 6, (3), 231-252.
Available at: https://ink.library.smu.edu.sg/sol_research/720
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
http://www.law.unimelb.edu.au/ajal/journal-contents/browse-the-journal/journal-details?Articles.ID=94
