Non-executive director service
From EUR 2,300 / GBP 2,000 per year
Sometimes, circumstances arise where, due to necessity or convenience, a company hires a director to play a nominal role without performing any actual duties within the company.
For instance, one of such circumstances could be the mandatory requirement of having at least one EU citizen in the board of directors of an Irish company.
Subject to due diligence checks, Bridges is ready to provide this service to its clients.
It is important to clarify that according to the law, any director of a company bears full responsibility for the activities of that company. The notorious status of a "nominee" director, does not exempt them from responsibility for the company's activities. However, a person cannot be held responsible for actions they did not commit.
Taking both of these principles into consideration, when providing the service of a non-executive director, it is a mandatory condition that the director cannot sign any documents on behalf of the company. This is because the management of the company, in terms of formal documentation, is carried out through the issuance and signing of resolutions, acts, and agreements. Signing these documents implies active participation in the company's activities, with all the resulting consequences. For further consultation, please contact our specialist at ak@bridgescsp.com
For instance, one of such circumstances could be the mandatory requirement of having at least one EU citizen in the board of directors of an Irish company.
Subject to due diligence checks, Bridges is ready to provide this service to its clients.
It is important to clarify that according to the law, any director of a company bears full responsibility for the activities of that company. The notorious status of a "nominee" director, does not exempt them from responsibility for the company's activities. However, a person cannot be held responsible for actions they did not commit.
Taking both of these principles into consideration, when providing the service of a non-executive director, it is a mandatory condition that the director cannot sign any documents on behalf of the company. This is because the management of the company, in terms of formal documentation, is carried out through the issuance and signing of resolutions, acts, and agreements. Signing these documents implies active participation in the company's activities, with all the resulting consequences. For further consultation, please contact our specialist at ak@bridgescsp.com
Professional ethics trumps everything Professional ethics trumps everything
+44 (0) 2922 711 399
info@bridgescsp.com
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