Are the disclosure requirements for a CEO same as a director?

Under the Companies Act, the disclosure requirements of directors, are now extended to CEOs of all companies, and these include:

  • Conflicts of interests in transactions or proposed transactions with the company, or by virtue of holding any office or property; and
  • Shareholdings, debentures, rights and options in the company. However, for CEOs of non-listed companies, the disclosures on shareholdings exclude the securities of related corporations; and the participatory interests made available by the non-listed company or its related corporations.

The disclosures would need to be made by the CEO to the company, and the information disclosed would appear in the company register.

This would align the disclosure requirements under the Securities and Futures Act for CEOs of listed companies.

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