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Statutory board seatOpen Open to a non-residentGIDX-SG-0192

Non-Executive Director — Risk Oversight, Warehousing and Collateral

Singapore·Banking & Financial Services·Storage and collateral services· Singapore·Posted 23 August 2026

Applications close 27 December 2026

Storage and collateral services organisation in Singapore

The problem this seat exists to solve

This board role focuses on the credibility of services that provide confidence over stored goods and collateral. The director must understand how custody, records, staff conduct and release procedures can either support or undermine that confidence.

Oversight of the operating model

Challenge the separation of commercial, custody and verification responsibilities. Examine how stock records are reconciled to physical evidence, how exceptions are investigated and how independent checks are commissioned. Review reliance on subcontractors and the practical ability to supervise dispersed operations.

Release and access risk

Require clear reporting on who can authorise movements, amend records or override controls. Ask how duplicate documents, disputed ownership and unauthorised access would be detected. The board should understand the limitations of inspection and monitoring rather than treating a control report as a guarantee.

Business resilience

Review liability exposure, insurance assumptions, operational continuity and the resources needed to maintain reliable control. Seek specialist advice on legal rights and obligations where necessary.

The director should ask how independent stock verification is separated from the teams whose performance depends on throughput or customer retention. Review whether staff can prevent release when instructions conflict and whether attempted overrides are reported. A discrepancy process should preserve evidence, reconcile records and identify the authority for further action. Board oversight must also consider incentives: commercial pressure to retain a client should not quietly change the control standard represented to financiers or other users of the service.

Candidate qualifications

Candidates should have senior experience in warehousing, collateral management, commodity finance or operational risk. They need practical knowledge of how goods are received, stored, verified and released. Evidence of responding to a stock discrepancy or control failure is especially relevant.

Contribution expected

The director should strengthen challenge of the service’s control proposition and ensure adverse findings reach the board. This is an oversight role, not personal certification of inventory or a guarantee of collateral value.

Terms

Where the board sits
Singapore, Singapore
Applications close
27 December 2026
Appointment
Board appointment
Time commitment in this market
Typically 6–10 board meetings a year plus committee cycles; regional issuers commonly hold two of them outside Singapore.

Before you apply — Singapore

No nationality or residency test applies to you as an appointee. The company must have one Singapore-resident director; every other seat is open to a non-resident.

Residency test
One director ordinarily resident in Singapore (Companies Act s.145(1)). A listed issuer will already satisfy this before it reaches you.
Nationality test
None.
Work authorisation
A non-executive director who attends board meetings does not require an Employment Pass. Short business visits are covered by the standard visa position; a director taking an executive or interim operating role does need a pass.
Tenure limit once appointed
Nine years — a hard cap since 1 January 2022, with no shareholder override.
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