ADS advices

Under Irish law, companies incorporated in Ireland are required to comply with specific regulations regarding their directors, including the requirement for an EEA (European Economic Area) resident director. Here’s an overview of the EEA Resident Director requirement and other key points:

1. EEA Resident Director Requirement

In Ireland, an Alternate Director is an individual appointed by a board member to fulfill the duties of the primary director when they are temporarily unable to do so due to reasons such as illness or travel. The alternate director temporarily assumes the powers and responsibilities of the primary director, acting on their behalf.

Key Aspects and Requirements for Alternate Directors in Ireland:

1. Appointment and Authority

In Ireland, shadow directors are individuals who, without holding an official director position, exert significant influence over the board’s decisions and the company’s activities. The concept of a shadow director is covered under the Companies Act 2014, which regulates the duties and responsibilities of such individuals.

1. Definition of a Shadow Director

In Ireland, Nominee Directors are directors appointed to represent the interests of third parties (e.g., shareholders or a parent company) on the board of directors. These directors act in accordance with legal requirements and are regulated by the Companies Act 2014. Nominee directors must fulfill their fiduciary duties to the company, even if they are appointed on behalf of external interests.

1. Definition of a Nominee Director