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Directors who betray their companies will pay a high price
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The law prohibits directors from placing their own interest above that of their companies and there is a high price to be paid for the breach of their duty.
ST PHOTO: LIM YAOHUI
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SINGAPORE - The prestige that comes with being invited to join a company’s board of directors might be hard to resist but you should never accept such a role unless you are prepared to serve with 100 per cent loyalty to the firm.
This is because the law prohibits directors from placing their own interests above those of the company, and there is a high price to be paid for breaches of that duty.
