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

Under Irish law, particularly the Company Act 2014, Independent Directors play a vital role in promoting transparency and accountability within companies. Here’s a detailed overview of the role, duties, and legal requirements for Independent Directors according to Irish legislation:

1. Role of Independent Directors

Under Irish law, Non-Executive Directors hold a crucial position in corporate governance. According to the Company Act 2014, the role of non-executive directors is defined by their duties and responsibilities concerning the company. Here are the key aspects to consider:

1. Role and Responsibilities

In Irish corporate law, Executive Directors are critical figures who play a dual role in the company’s day-to-day management and strategic direction. Here’s a detailed overview based on Irish law:

Role and Responsibilities

The Value-Added Tax (VAT) invoice must show:

• the date of issue
• a unique sequential number
• the supplier’s full name, address and registration number
• the customer's full name and address

BUDGET 2025 SUMMARY

These are the key tax measures in the Budget Statement by the Minister for Finance on 1 October 2024.

Personal Taxes and Charges

Key Characteristics:

1. Unlimited Liability of Shareholders: In Unlimited Companies (UC), shareholders have unlimited liability for the company’s debts. This means that if the company faces financial difficulties or is liquidated, shareholders are obligated to cover all debts and liabilities, even using their personal assets. This is in contrast to limited liability structures (such as LTD or PLC), where shareholder risk is limited to the amount they have invested in shares.

Key Characteristics:

1. Shares Traded on the Stock Market: Public Limited Companies (PLCs) are companies whose shares can be freely bought and sold on stock markets. This allows the company to raise capital through public share offerings (IPOs) and attract both large and small investors. The company’s shares become available to the general public, and any investor can become a shareholder.