But leading players are resisting the idea that the case of Ms Lim Soh Sea, the company secretary in question, should lead to a limit. She was the company secretary to a company whose managing director, Yang Yin, is accused of having manipulated a rich elderly lady into giving him power of attorney. The woman has Sing$40m (£19.5m) of assets, and Yang Yin and his family are now living in her home. The Family Court is now debating whether she has the mental capacity to revoke the power of attorney she gave the former tour guide from Beijing.
Scrutiny
All his circumstances - including the company he ran - are being scrutinised to see if they are legitimate. Asked if they think a company secretary can perform properly with more than 1,000 companies, the experts are tending to say yes. Robson Lee, a partner in the Shook Lin & Bok law firm, said: ‘Theoretically, it may not be such an easy task monitoring 1,000 companies, but if he can do it, if there is no breach or default, who are we to question if he should not take on so many jobs?’. Source: Asia One
Email your news and story ideas to: [email protected]
