In each of Appleby's jurisdictions, measures have been taken
to combat the spread of COVID-19. While the measures vary somewhat,
international travel is curtailed and residents who are not
essential workers are encouraged or required to stay at home. As a
result, many people, particularly those in the financial industry,
are working remotely, and face to face meetings have become
challenging (and in some instances, impossible). The inability to
meet face to face as a board, or to attend closings or document
signings in person, raises a number of corporate governance issues
for which creative solutions are required.
In this featured article, we look specifically at the
appointment of alternate directors as a strategy to help to manage
some of the practical issues arising from COVID-19 measures. An
alternate director is empowered to undertake the director's
duties in the event that the director is unavailable and is subject
to all of the duties and obligations of a