Directors ponder best practice options for Cayman Islands

Cayman Islands supplement 2011

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Directorships are a hot button issue in Cayman. Debate – or discussion depending on who is talking – about whether directors should be regulated is exercising the community as well as the Cayman Islands Monetary Authority (Cima).

Views, like the different models of those providing directors, are varied and many. The last of the major service providers to the hedge fund industry, independent directors for many years garnered no more than the occasional glance. With the financial crisis their role