The world's three largest offshore companies registered in a legal comparative study Serial 6

offshore company board meetings

(1) Bermuda. Board meetings do not have to be held in Bermuda. Articles of association usually provide that the directors may, when it deems appropriate in its trading and management meetings. Board meeting notice must be sent to all the directors. Board meeting, two directors to the can only be effective.

(2) British Virgin Islands do not have to board meeting was held in the British Virgin Islands. Each board meeting the directors must be received before the start of three days notice of meeting. Quorum for a meeting of directors by the Company or the regulations of the outline. Directors may virtual office also be based on the written consent of the majority of the directors to take action.

(3), the Cayman Islands. Board meeting of each calendar year must be in the Cayman Islands, be held. To participate in board meetings can be an agent. Notices of meetings subject to the provisions of the articles of incorporation to send. Unless otherwise provided in the articles of incorporation, board meeting or their respective meetings of the Committee is only one case of the directors present may also be held valid.