Document background
The Operating Memorandum is a crucial document used when companies need to formalize their operational procedures and organizational structure under Singapore law. It serves as a comprehensive guide that outlines how the company conducts its daily operations, makes decisions, and maintains compliance with local regulations. The Operating Memorandum is particularly important for companies expanding operations, implementing new procedures, or seeking to standardize their processes across different departments. It typically includes detailed information about management structure, reporting relationships, decision-making authorities, and standard operating procedures, all while ensuring alignment with Singapore's corporate governance requirements.
