Document background
The Nominee Director Agreement is essential for businesses requiring professional director services in Ireland, particularly in situations involving international corporate structures, special purpose vehicles, or where local directorship is required for regulatory compliance. This document is commonly used when companies need to establish or maintain a corporate presence in Ireland while ensuring proper governance and compliance with local regulations. The agreement carefully balances the nominee director's independent statutory obligations under Irish law with their duty to act in accordance with the appointing party's instructions. It includes comprehensive provisions addressing anti-money laundering requirements, beneficial ownership reporting, and corporate governance standards as required by Irish legislation, particularly the Companies Act 2014 and related regulatory frameworks. The document is crucial for protecting both the nominee director and the appointing party by clearly defining roles, responsibilities, and liability limitations.
