Section 76
of International Business Companies Order, 2000
Section 76
(1)
By a resolution of the directors, the directors may appoint any person, including a person who is a director, to be an officer or agent of the IBC.
(2)
Subject to subsection (3) and to any relevant modification, each officer or agent has the authority of the directors, including the power and authority to execute and complete any document as the agent of the IBC or to affix the common seal of the IBC (if any), as set out in the Articles or in the resolution of directors appointing him.
(3)
No officer or agent has any power or authority with respect to any matter which, under this Order, requires a resolution of directors.
(4)
The resolution of directors appointing any person to be an agent of the IBC may authorise the agent to appoint one or more substitutes or delegates to exercise some or all of the powers conferred on the agent in accordance with this section.
(5)
The directors may, by resolution, remove an officer or agent appointed under subsection (1) or revoke or vary a power conferred on him in accordance with this section.
Standard of care.