The Central Bank of Ireland (Central Bank) recently announced recommendations regarding individuals holding numerous directorships and the satisfaction of their oversight duties. This announcement follows a “thematic review” of the number of directorships held by individuals on the boards of Irish investment funds and fund management companies and assessment of the time allocated by such individuals to their service as directors. This article explores the Central Bank’s recent letter to industry on the subject and its related Guidance on Directors’ Time Commitments. For additional information on governance in the private fund space in general, and the roles of directors in particular, see “Walkers Fundamentals Hedge Fund Seminar Addresses Fund Structuring Trends, Governance Best Practices, Fee and Liquidity Terms, Irish Vehicles, Marketing in Asia and FATCA
,” Hedge Fund Law Report, Vol. 8, No. 6 (Feb. 12, 2015); and “Cayman Islands Government Introduces Bill That Would Require Registration and Licensing of Certain Hedge Fund Directors
,” Hedge Fund Law Report, Vol. 7, No. 12 (Mar. 28, 2014).
To read the full article
Sorry, we do not recognise the username and password combination you have entered.
Please ensure you have typed your email address correctly and remember that passwords are case sensitive.
You are logged into a maximum of three different browsers/devices.
Please log in with one previously used and go to My Account to manage the browsers/devices you are using.
A reset link has been sent to the email address provided.
Please be aware that the time taken for mail to be delivered is dependent upon your Internet Service Provider. It should normally arrive within 5-15 minutes.
Thank you, we'll contact you about your trial