Question
Ken Lo is a director ofK and E Lo Enterprises Pte Ltd. He is wanting to appoint his wife Joan and his cousin Catherine as
Ken Lo is a director ofK and E Lo Enterprises Pte Ltd. He is wanting to appoint his wife Joan and his cousin Catherine as fellow directors of the company. Joan lives in Singapore but has no expertise in running a company as she has been a housewiferaising the children. Catherine lives in New Zealand. Catherine was recently made a bankrupt in New Zealand. Her period of bankruptcy is three years and she still has 3 months remaining of her period of bankruptcy.
He also wants to make sure that the constitution of the company cannot be changed so that he is always the chairman of any meetings and that at all meetings he must be present. He does not want this rule once passed ever to be changed.
REQUIRED:
Please advise Ken of the following:
1.Can Joan and Catherine be appointed as directors of the company (3 marks)
2.How does the company change it rules? (4 marks)
3.How can Ken prevent the rule from ever being changed? (3 marks)
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