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.
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.
Grab Driver Nominee Director Court Case Due Diligence Fine Companies Act
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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.
Read more »