Singapore lifts veil on nominee directors, shareholders

Companies will be required to provide the full information on nominee arrangements to Acra. — The Straits Times

SINGAPORE: Singapore is enhancing transparency around nominee directors and shareholders through legislative changes passed on Tuesday, which require companies to provide the full information on nominee arrangements to the Accounting and Corporate Regulatory Authority (Acra).

Acra will also make public which of a company’s directors and shareholders are nominees.