Company Director Services in BVI
Hermes BVI sources experienced and knowledgeable directors for many of its clients’ companies.
Under the BVI Companies Act, there is a statutory duty imposed on directors of BVI companies to act honestly, in good faith, and in what the director believes to be in the best interest of the company. Additionally, section 121 of the Companies Act requires that directors must exercise their powers for a proper purpose and to a standard of care, diligence and skill that a reasonable director would exercise in the circumstances taking into account without limitation the, (a) nature of the company (b) nature of the decision and (c) position of the director and the nature and responsibilities undertaken by him/her.
We also provide BVI professional director services in order to facilitate BVI companies being directed and managed from the BVI for Economic Substance compliance and other purposes.