On-Board: The Role And Duties Of Directors

Bermuda's vibrant business platform can present many opportunities for individuals to become a director of a Bermuda company.

Doing so can be a rewarding experience and, in addition to remunerative benefits, can provide corporate and leadership experience as well as networking opportunities.

However, joining a board of directors includes a considerable level of responsibility and commitment. Not only will you need to consider whether you fulfil the criteria to act as a director, you must also think carefully about your role and the duties involved in taking on that role.

Bermuda companies act through two separate arms – its shareholders and its board of directors. Shareholders make the financial investment into the company and in return are afforded certain rights of ownership and control that include the appointment of directors. To be eligible for appointment as a director of a Bermuda company you must be at least 16 years of age and not be an undischarged