In accordance to Article IV (Section 2) of the Constitution, the following 9 Regular Members having satisfied the Nominating Committee’s (NC) vetting/due diligence process have been nominated by the NC and approved by the Board.
Under the CFA Society Singapore’s Constitution Article IV (Section 2), a regular member may stand for an election to the Board either by (a) being nominated by the Nominating Committee, or (b) being sponsored in writing by at least 20% of the total number of Regular Members or 30 Regular Members, whichever is the lesser;
The NC typically only nominates members who satisfies the NC’s due diligence process. But a sponsored member who is standing for election may or may not have satisfied the NC’s due diligence process.
In this instance, the CFA Society Singapore has requested for the sponsored member to submit a fit and proper declaration form.
This form required the sponsored member to disclose, among other things, the following:
- Whether you have been a director or person concerned in management of a business that has entered into liquidation, or been the subject of a winding up order, or had a receiver appointed in relation to the business, or entered into a composition or scheme or arrangement with your creditor while you have been involved with that business or within one (1) year of that involvement;
The sponsored member has answered “yes” to each of these questions, and has provided further information relating to each of those questions [Click here for sponsored member’s disclosure].
- Whether you have been the subject of any current or past investigation or disciplinary proceedings, or have been suspended or disbarred or reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
CFA Society Singapore has not done any independent verification on the sponsored member’s disclosure.
The following 1 regular member have been sponsored in writing by at least 30 regular members in accordance with Article IV (Section 2) of the Constitution.