139 Appointment of alternate directors

(1) Subject to the memorandum and articles of a company and to the

provisions of the International Corporate Service Providers Act (Cap
275), a director of the company may appoint as an alternate any other
director or any other person who is not prohibited from appointment as a
director under section 133 to —

(a) exercise the appointing director‘s powers; and

(b) carry out the appointing director‘s responsibilities,

in relation to the taking of decisions by the directors in the absence of the
appointing director.

(2) The appointing director may, at any time, terminate the alternate‘s
appointment.


(3) The appointment of an alternate director and its termination shall be in
writing and written notice of the appointment and termination shall be
given by the appointing director to the company —

(a) within such period as may be specified in the memorandum or
articles; or

(b) if no period is specified in the memorandum or articles, as soon
as reasonably practicable.

(4) The termination of the appointment of an alternate director does not take
effect until written notice of the termination has been given to the
company.

(5) An alternate director —

(a) has no power to appoint an alternate, whether of the appointing
director or of the alternate director; and

(b) does not act as an agent of or for the appointing director.