Nominee Director Agreement Template for Philippines

1. Power of Attorney: Optional section granting specific powers to the nominee director, used when additional authority is required

2. Insurance: Requirements for directors' and officers' liability insurance, included when specific insurance coverage is needed

3. Non-Competition: Restrictions on the nominee director's other activities, included when exclusivity is required

4. Successor Nomination: Procedures for nominating a replacement director, included when continuity planning is important

5. Corporate Group Provisions: Additional provisions for nominee directors serving multiple related companies, used in corporate group structures

6. Foreign Investment Provisions: Special provisions related to foreign ownership restrictions, included when foreign investors are involved

1. Schedule 1 - Company Details: Details of the company(ies) where the nominee director will serve, including registration numbers and addresses

2. Schedule 2 - Fee Schedule: Detailed breakdown of fees, payment terms, and expense reimbursement policies

3. Schedule 3 - Specific Duties and Responsibilities: Detailed list of specific duties and responsibilities of the nominee director

4. Schedule 4 - Reporting Requirements: Format and frequency of reports required from the nominee director

5. Appendix A - Compliance Checklist: Checklist of regulatory requirements and compliance obligations

6. Appendix B - Power of Attorney Form: Standard form of power of attorney, if required

7. Appendix C - Resignation Letter Template: Pre-agreed format for resignation letter when needed