How do I go about appointing directors if I recently set up a company?

1. Director Appointment

Read this guide on how to appoint a company director in Singapore.

Summary of steps:

a. Send a written notice to all shareholders on the intention to appoint a new director. Organise a shareholder meeting at least 14 days in advance.

b. Hold a shareholder vote. You must receive 50% of the vote (simple majority).

c. If sufficient votes are received, pass an ordinary resolution to appoint the new director.

d. Use BizFile+ to officially update ACRA on your new director.

2. Director Duties

Read this guide on director's duties in Singapore.

Directors have a fiduciary duty to the company, meaning they must put the company's interests above their own. They owe a duty of loyalty to the firm (no conflict of interest, firm's interests come first and foremost). They owe a duty of care also, meaning they must exercise skill, care, and diligence when discharging their duties.

Congratulations on your new company.