Directors Agreement – Appointment of Non-Executive Director
This Director’s Agreement is designed to be used to appoint an advisor or contracting consultant to the company’s board of directors without giving them full executive powers.
It covers such matters as (among other things):
1. The roles and duties of the in-coming director;
2. Limitation of liability;
5. Indemnity and insurance.
It is in the form of a letter from the existing directors of the company, proposing the terms on which the new director will become a director of the company. It should be printed on company letterhead and signed by a director of the company. Two copies should be send to the in-coming director so that they can sign one to send back to the company, and keep a copy for themselves.