It is important that the financial community have access to professional directors who are flexible enough to manage all types of companies within the reasonable expenditure of the company.
The principal reason why the provision of directors is a sought out service is because creative persons that construct trade do not always make suitable officers for their required entities. They need distinct professional direction with decisions properly ratified under company law.
A director’s primary duty is to the company itself - as a separate and distinct entity. Practically speaking, directors will enable companies to carry out their business by executing contracts and holding meetings. Not all companies require an 'active' director, holding companies for example can be very low maintenance for their directors, though inherent duties and responsibilities are no less important.
Industry professionals sometimes mistakenly use the term 'nominee' to describe their appointed director. A correct use of the term 'nominee' would be to imply 'the person named' to be an entities director, not, a 'pure' nominee 'in place of'. The law does not recognize any form of nominee that can be applied to a director. A nominee shareholder is an entirely different matter, describing a person or body corporate holding shares legally on behalf of another.
Non-executive directors are usually passive directors desired for their background, knowledge and experience. It is essential that the professional financial community respect director’s duties and responsibilities under international law. For example, it is the directors that are responsible for ensuring that a company has complied with any licensing or taxation requirements. Company law also recognizes as directors those who act as directors, whether formally appointed or not, this has very significant consequences for those who's decisions control companies.
Professional Directors International Ltd understands its' unique opportunity to actively engage in the global business community and to make legal and moral decisions about what we do. This we do with great care! Not only are we law conscious, but we also have a moral code that forbids us to enter knowingly into negative activities, many of which are legal, such as gambling activity, pornography, abortion and arms trade.
When you approach us with your requirement, be sure that the background is healthy.
