The role of the Independent Director is essential to the integrity of a fund from an investor perspective that high quality independent directors are part of the board.
We provide independent directors that have:
Relevant knowledge and experience to carry out their duties
Capacity to devote sufficient time and attention to the fund
There are currently no regulatory provisions in the Cayman Islands controlling the amount of directorships that a person may hold at any one time but we believe that excessive numbers of directorships should be avoided.
All directors of a company have a fiduciary duty to the company and a general duty of care acting in good faith and in the best interest of the company.
Our directors attend quarterly board meetings and additional meetings to review one-off matters.
Directors should be given all of the information that is provided to investors in the fund and should monitor the key documents and ensure that the fund is kept up to date in terms of legal and regulatory requirements.