Louis Ng on Companies, Business Trusts and Other Bodies (Miscellaneous Amendments) Bill
The Bill to allow companies and corporate entities to conduct virtual or hybrid general meetings will align Singapore’s company and corporate law provisions with the technological realities of the business environment, said MP Louis Ng. Speaking in Parliament on Tuesday (May 9), he sought clarification on the court’s powers to invalidate meetings. He asked for examples of what the court should deem as substantial injustice that cannot be remedied. He also wanted to know if the court has the power to invalidate only a portion of a meeting if a technological disruption affects only a limited portion of it. Mr Ng also raised concerns that companies may be exposed to a greater risk of disruption by malicious actors through technological means. He wanted to know what steps the Government will take to prevent such disruptions.
The Bill to allow companies and corporate entities to conduct virtual or hybrid general meetings will align Singapore’s company and corporate law provisions with the technological realities of the business environment, said MP Louis Ng. Speaking in Parliament on Tuesday (May 9), he sought clarification on the court’s powers to invalidate meetings. He asked for examples of what the court should deem as substantial injustice that cannot be remedied. He also wanted to know if the court has the power to invalidate only a portion of a meeting if a technological disruption affects only a limited portion of it. Mr Ng also raised concerns that companies may be exposed to a greater risk of disruption by malicious actors through technological means. He wanted to know what steps the Government will take to prevent such disruptions.
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