Directors are appointed according to the Companies Act and the company’s Articles. Before the first AGM, founders appoint the initial directors. Later directors are generally appointed by the general meeting, subject to the company’s governing documents and statutory eligibility rules.
Private companies
The number and appointment method of directors in a private company are governed substantially by its Articles, subject to the Companies Act.
Eligibility
A proposed director must not fall within statutory disqualification provisions. Depending on the company, shareholding qualifications can also apply.
After appointment
The company should properly record the resolution and update director information with OCR through the applicable CAMIS event.