Under many circumstances, an Individual may not be able to act as a Director of a company and requires the use of other persons as directors. In most cases, another corporate is made a director and that corporate entity is ultimately managed by a third entity. In other case, another layman who has no interest in the company is made a nominee director and the real beneficial owner acts under a power of Attorney.
A professional director on the other hand is not a normal nominee director but on the other hand is a well qualified professional in the corporate sector like a lawyer or a certified accountant who is appointed to the board for his expertise and to provide actual authenticity to the Board of a company.
A Professional Director is well aware of the company and financial legislations and can also provide advice to the company in addition to acting as a potential nominee director. This is also helpful to show ‘real substance’ in the company as required in many modern day taxation legislations.
Empire Global Partners has long and well defined relations with professionals who can be appointed as Professional Directors in Companies if required.
No designation has been made by the Texas Board of Legal Specialization for a Certificate of Special Competence in this area.