Skills Needed by GP-appointed Director to be a Board Member

Ilya Alkhimov, Kristina Laasma

May 19, 2021 — 1 min read

Explanation

Many skills are applicable to become a board member. In particular, the company may need directors with industry experience, legal, corporate finance or accounting experience, or general management experience relevant to the company and/or the sector and region in which it operates. All of these skills, plus the ability to assess risk, the ability to build consensus and demonstrate leadership, and other skills, are likely to be needed by any company over time and are unlikely to be offered by a single director.

Recommendation

GP should encourage its director(s) to seek appropriate support and training to enable them to carry out their duties as directors to the best of their ability and in accordance with their legal duties and contractual obligations. GP should seek to ensure that all appointed board members are individuals with appropriate authority, competence and experience who can add value and insight to the portfolio company. The ability to work cooperatively and openly with management and other board members is also important.

Cino attracted €500K investments at Latitude59

Huge congratulations to our client Cino on their achievement (€500,000 investments👏) at Latitude59! The eleventh Latitude59, attended by 3,000 people, was themed “Be Bold”. Almost 400 startups from 61 countries applied for Latitude59’s traditional pitch competition. Both early-stage and more mature technology companies were invited to the

International Sanctions in Estonia and the EU. The Subject.

The terms used in this article are defined in the ISA, in the legal act implementing international sanctions, the Financial Action Task Force’s (hereinafter: FATF) recommendations made in 2012 and the 2013 methodology dictionary, or in EU guidelines and other guidance materials.

One Person as a Board Member and as a Compliance Officer – The Proper Way of Applying and Conflicts of Interest

Compliance with the principles of good corporate governance shall start with the board and its responsibility to foster the long-term success of the company and secure its sustained competitiveness.

Personal Holding Company for Tax Planning

In this post, we will review how entrepreneurs and business owners can use foreign companies for tax optimization.