Corporate Secretarial Operations Must Use Technology Technological advancements are helpful in every aspect of a business and corporate compliance is not an exception. Technological incorporation in this changing and complex activity is important and must become part of the main strategies of your business. In addition, corporate secretarial operations use technology to improve how it…
The Importance of a Modern Secretary to Your Company Governance refers to how the organization is being run in terms of control and direction. In fact, the modern secretary helps with that. That involves the company’s decision-making and strategy, how they achieve goals, and making sure all activities they do comply with requirements. The company…
The Secretary Position is Continuously Evolving In the company’s board roles, a secretary has different duties and responsibilities. Each member values the secretary position. The Accounting and Corporate Regulatory Authority has a requirement that businesses in Singapore must appoint their own company secretary within 6 months when they are incorporated. The secretarial job has survived,…
The Qualities of a Company Secretary are Important The company secretary has an important position in the company because they have to be educated, knowledgeable, effective, and skilled. In addition, the secretary does a number of complex and statutory activities. Hence, the person must have the qualities that make them perfect for the role. That…
You Can Set Up a Variable Capital Company in Singapore Singapore has created another fund framework to encourage investors to domicile their funds in Singapore. By doing this, it enhances the jurisdiction’s value as an international fund management centre. The Variable Capital Company started its operation on January 14, 2020, allowing collective schemes to be…
Setting Up a Shipping Company in Singapore The shipping industry of Singapore has a significant contribution to its GDP, which is 7%. There are currently over 5,000 shipping companies that are based in Singapore and it keeps growing. Today, the country has become an important international maritime centre. Its economic centre has resulted in trading…
The Importance of Capability Development Grant (CDG) The Capability Development Grant (CDG) is an assistance program that financially helps business owners to have a foundation for their capabilities in 10 main business areas. It covers using new technologies to upgrade the standards of their service, from an expansion overseas to training staff, and more. The…
Basic Concepts on Re-employment in Singapore The Retirement and Re-employment Act (IRRA) sets the minimum retirement age to 62 years old. It is illegal for employers to dismiss an employee because of their age. Employers should offer re-employment to employees when they turn 62 up to 67 if they are eligible to continue working for…
How is Employee Engagement Important to Your Company? Employee engagement is a primary principle in making your organization successful. It makes your staff happier, increases their productivity, and boosts profitability. If it’s not there, your staff can feel stuck and unmotivated. Managers have a better understanding of better employee engagement and how it becomes hand…
Proposed Law May Help Singapore’s Small Firms That Have Been Affected by the Pandemic A new law in Singapore may help small firms by allowing them to renegotiate deals and exit contracts without penalties, depending on the situation. This is because the business landscape has completely changed this year due to the Covid-19 pandemic. The…
Plans in Place to Strengthen the Laws That Regulate Virtual Payment Service Providers Singapore will be stepping up its measures against terrorist financing and money laundering. Changes to the law will strengthen regulations on virtual payment service providers. The Bill will improve the current regulatory framework that is in place for (Virtual Asset Service Providers…
3E Accounting Founder Lawrence Chai Invited to Speak at Accounting and Finance Show Asia 3E Accounting Founder Lawrence Chai spoke at Asia’s largest virtual event – Accounting and Finance Show 2020, on how businesses can utilize technology applications to support business continuity for their practices. Lawrence also shared on key strategies and digital transformation initiatives…