Not Another Overseas Board Meeting!

Yes, yes, we all know what the mem and arts and the local companies’ legislation say about having so many (offshore) board meetings a year but, even so, wouldn’t it just be nice to have the flexibility of having them where and when they were needed rather than having to travel half way across the world for a one hour meeting to discuss not very much?

Honestly now – is this not familiar? We are all very busy and sometimes getting to and from board meetings is just so much hassle. Although we all appreciate the obvious corporate governance benefits of having board meetings, do you wonder sometimes whether or not these companies need more than one meeting a year?

Flexibility is the answer to all of this. Some companies need more meetings than others, but in this respect, jurisdictions around the world differ in their approach to board meetings. Perhaps one of the most flexible and pragmatic jurisdictions is the British Virgin Islands (BVI).