Difference between Directors and ShareholdersDirectors: One of the main requirements for registering a Singapore Limited Company is that of having at least one director resident in Singapore. This means that the person must be a Singapore citizen, Singapore permanent resident or Entrepreneur Pass holder. The duties of directors fall into two broad categories: 1. Statutory duties of care, skill and diligence, and2. General legal duties or fiduciary duties of loyalty and good faith. Statutory obligations are administrative obligations, enforced by the Accounting and Corporate Regulatory Authority of Singapore (ACRA), such as:1. General disclosure obligations.2. Update and maintain company accounting records.3. Prepare financial statements for the annual general meeting (AGM) of the company.4. Ensure that the first AGM takes place within 18 months of incorporation of the company and, thereafter, every calendar year, at an interval not exceeding 15 months.5. Ensure regular meetings of directors and shareholders are held to review the financial and financial situation of the company....