Document background
The Nomination Acceptance Letter is a crucial corporate governance document in Singapore's business environment. It is used when a person has been nominated to serve as a director and needs to formally accept the position. The letter serves multiple purposes: it documents the nominee's formal acceptance, confirms their eligibility under the Companies Act, includes required statutory declarations, and addresses any sector-specific requirements (such as those for financial institutions or listed companies). The document is typically prepared following a nomination but before the formal appointment is registered with the Accounting and Corporate Regulatory Authority (ACRA) of Singapore.
