Singapore
Legal Templates
Non Executive Director Service Agreement

Non Executive Director Service Agreement Template for Singapore

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Non Executive Director Service Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Non Executive Director Service Agreement

"I need a Non Executive Director Service Agreement for a Singapore-listed technology company, with specific provisions for handling AI-related intellectual property and quarterly board committee meetings focusing on technology oversight."

Celebrated by
Collaborations with
Investors

What is a Non Executive Director Service Agreement?

The Non Executive Director Service Agreement is essential for companies in Singapore seeking to formalize the appointment of independent board members. This document is particularly crucial for listed companies and regulated entities that must comply with Singapore's corporate governance framework. The agreement typically covers appointment terms, duties, remuneration, confidentiality obligations, and termination provisions, while ensuring alignment with the Companies Act, SGX listing rules, and the Code of Corporate Governance 2018. It serves as a key governance document that clarifies roles and protects both the company and the director.

What sections should be included in a Non Executive Director Service Agreement?

1. Parties: Identification of the company and the non-executive director

2. Background: Context of appointment and brief company description

3. Definitions: Key terms used throughout the agreement

4. Appointment and Term: Terms of appointment, duration, and renewal provisions

5. Duties and Responsibilities: Detailed description of NED role and obligations

6. Time Commitment: Expected time dedication and attendance requirements

7. Remuneration: Fee structure and payment terms

8. Confidentiality: Non-disclosure obligations

9. Termination: Conditions for ending the appointment

What sections are optional to include in a Non Executive Director Service Agreement?

1. Committee Appointments: Specific board committee roles and responsibilities when NED will serve on specific board committees

2. Insurance and Indemnity: D&O insurance coverage and indemnification provisions when company provides specific insurance coverage

3. Outside Interests: Management of external appointments and conflicts when NED has significant external commitments

What schedules should be included in a Non Executive Director Service Agreement?

1. Schedule 1: Remuneration Details: Detailed breakdown of fees and payment structure

2. Schedule 2: Board and Committee Meeting Schedule: Annual calendar of expected meetings

3. Appendix A: Code of Conduct: Company's code of conduct and ethics policies

4. Appendix B: Board Charter: Relevant excerpts from company's board charter

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Appointment
Board
Board Committees
Chairman
Company
Confidential Information
Constitution
Director's Fees
Effective Date
Group
Independent Director
Listing Rules
Material Interest
Non-Executive Director
Professional Conduct
Related Corporation
Relevant Stock Exchange
SGX-ST
Subsidiary
Term
Termination Date
Competing Business
Code of Corporate Governance
Companies Act
Intellectual Property Rights
Board Resolution
Shareholders
Corporate Governance Committee
Audit Committee
Nominating Committee
Remuneration Committee
Board Meeting
Annual General Meeting
Extraordinary General Meeting
Business Day
Applicable Laws
Governing Law
Clauses
Appointment and Term
Duties and Responsibilities
Time Commitment
Independence
Board Committees
Remuneration
Expenses
Confidentiality
Conflicts of Interest
Outside Interests
Corporate Governance
Compliance with Laws and Regulations
Board Meetings and Attendance
Performance Review
Insurance and Indemnification
Intellectual Property
Company Records and Property
Termination
Notice
Non-Competition
Non-Solicitation
Data Protection
Professional Development
Entire Agreement
Variation
Assignment
Severability
Waiver
Third Party Rights
Governing Law and Jurisdiction
Force Majeure
Announcements and Publicity
Notices
Counterparts
Industries

Companies Act (Cap. 50): Primary legislation governing director's duties, responsibilities, disclosure requirements, fiduciary duties, requirements for director's appointments, and corporate governance requirements in Singapore

Securities and Futures Act (Cap. 289): Regulates insider trading provisions, disclosure obligations for listed companies, and market conduct requirements that directors must comply with

SGX Listing Rules: For listed companies: specifies corporate governance requirements, disclosure obligations, and independence criteria for non-executive directors

Code of Corporate Governance 2018: Provides guidelines on director independence, board composition requirements, remuneration matters, and board committee requirements

Employment Act (Cap. 91A): Relevant for distinguishing NEDs from employees and establishing clear terms of engagement and service

Personal Data Protection Act 2012: Governs the handling of personal data and privacy considerations in the director's agreement

Income Tax Act: Covers tax treatment of director's fees and withholding tax obligations

Company's Constitution: Contains specific requirements for directors, including appointment and removal procedures

MAS Guidelines: Applicable for financial sector: specifies fit and proper criteria and additional regulatory requirements for directors

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Non Executive Director Service Agreement

A Singapore-law governed agreement establishing terms of engagement for non-executive directors, ensuring compliance with local corporate governance requirements.

find out more

Medical Director Contract

A Singapore-law governed agreement defining the appointment terms and responsibilities of a Medical Director in a healthcare setting.

find out more

Director Indemnity Agreement

A Singapore law-governed agreement protecting directors against certain liabilities and losses incurred in their role.

find out more

Professional Services Agreement For Medical Director

A Singapore-law governed agreement establishing terms for medical director services in healthcare institutions, ensuring compliance with local medical regulations and professional standards.

find out more

Chief Executive Officer Employment Agreement

A Singapore-law governed employment agreement setting out terms and conditions for a Chief Executive Officer's appointment and service.

find out more

Director Appointment Agreement

A Singapore law-governed agreement setting out terms and conditions for appointing a director to a company's board.

find out more

Director Shareholder Agreement

A Singapore-law governed agreement defining the rights and obligations between company directors and shareholders.

find out more

Director Fee Agreement

A Singapore-law governed agreement establishing the terms of director compensation and benefits between a company and its board director.

find out more

Independent Director Agreement

A Singapore-law governed agreement establishing terms for independent director appointment, compliant with local corporate governance requirements.

find out more

Directors Loan Agreement

A Singapore-law governed agreement documenting loan terms between a company and its director.

find out more

Director Employment Agreement

A Singapore-law governed agreement between event organizers and vendors defining service terms, obligations, and responsibilities for event execution.

find out more

Managing Director Contract Of Employment

A Singapore law-governed employment contract for Managing Directors, outlining key terms and conditions of executive employment.

find out more

Company Director Agreement

A Singapore-law governed agreement establishing the terms and conditions of a director's appointment to a company's board.

find out more

Non Executive Director Agreement

A Singapore-law governed agreement establishing the appointment terms and conditions for a non-executive director to a company's board.

find out more

Executive Director Employment Contract

A Singapore law-governed employment agreement for executive directors, combining both directorship and executive employment obligations.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.