Hong Kong Company: Directors
16 December, 2015
After incorporation, at least one natural person must be appointed as a director for a private Hong Kong company. The Companies Registry can specified a period wihin which the company must appoint a director. This period cannont be less than one month from the inciorporation and not more than 3 months.
The person appointed as a director must be full of age and capacity and must not be disqualified under the Companies Ordinance or any other laws.
A reserve director may be appointed to take over the control of the company in the event of death of the sole director.
Appointment of first directors
The directors named in the incorporation form are the first directors.
The Articles of Association of a company determines the appointment of subsequent directors.
Any person can be appointed as a director to either fill a casual vacancy or as an addition to the existing directors of the company. Howver, the subsequent director would hold the office only until the next annual general meeting, following the appointment. He or she can be re-elected at the next annual general meeting.
Shareholders may appoint directors by way of resolution at a general meeting or by written resolutions and directors so appointed would hold the office for unlimited period of time.
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