Is it sufficient to just note in the contents page only that the new director has been appointed and that they are an alternate director or should alternate also be noted in brackets beside the directors name on each signature page?

Question:

I have a query in relation to alternate directors and the accounts presentation in relation to same.

Is it sufficient to just note in the contents page only that the new director has been appointed and that they are an alternate director or should alternate also be noted in brackets beside the directors name on each signature page.

If an alternate director has loaned the company money or vice versa should it be treated the same as any other directors account?

Answer:

Its not noted in the legalisation but best practice would be in the contents under Directors to have for example: Sinead Gortland (Alternate).

And then if they are signing the financial statements that they are an Alternate Director, usually following this format;

________________
John Smith
Alternate Director

I’ve also seen

________________
John Smith
Director (Alternate)

An alternate Director has the same statutory and fiduciary duties as the Director who appoint them and is liable in the same way to carry out the duties including that of S.238 CA2014 for Substantial transactions in respect of non-cash assets and involving directors.

Its always good practice to review the constitution for any clauses relating to alternate director, while uncommon in Limited Constitution it can often be found in CLG constitutions. If there is clauses relating to this they should be followed.