Swinglow,
A kindred spirit! The relief........
I have only a sketchy understanding of the roles and responsibilities of a company Director, but I know enough to realise that it is a position with a degree of personal exposure (and rightly so).
If we are forced to establish companies with an Irish national and 2,3 or 4 other Directors, who we will never meet, I am completely stuck on the implications. I have asked all three firms what would happen if one of the others did something unethical, for example signing a contract with another Irish company to supply goods and services without the knowledge of either the accountants or other Directors. The next day that person falls under a bus (or into a turbine), what happens?
I can answer this from a UK perspective - which is that the other Directors are liable for the contract signed by the first. The problem is that the UK law is about as much use as a chocolate teapot in this case as Ireland is Ireland. The really scary thing about this scenario is that when you ask the nominated accountants the question you get a stumble, a stutter and a silence.
What this thread really needs is an Irish commercial lawyer.
Wally.