Since the passage of the Sarbanes-Oxley Act, Independent Director/Managers are being required of the lenders by the debt Rating Agencies. This is their defense against the past practice of Lenders giving out loans and the borrower blithely going into bankruptcy. It happened enough that in order to give financial institutions good financial stability ratings, the agencies began requiring that they appoint a Independent Director/Manager to the boards/membership of the borrowing entities to avoid them going into bankruptcy and to ensure they carry on the debt obligation and have someone in place to carry out the lenders wishes in winding up the entity when the time comes if necessary.

In practice, the Independent Director votes only in regard to specific requests of the lender and votes only in accordance with the lender's wishes.

• Simplified requirements for indemnification
• Expedited turn-around time
• Competitively priced

US Registered Agents, Inc. offers Independent Director services to qualified Entities. Please fill out the simple form below if you would like more information on our services.