Did you know that as a director of an Owner Management Company you have the same responsibilities as a director of any normal trading company? We attach a link to the ODCE website which outlines these responsibilities in more detail: Office of the Director of Corporate Enforcement It is important that directors of OMC’s acknowledge that responsibilities are wide and diverse both under statute and common law. Although directors of OMC’s can engage Management Agents to assist in the running of the company the ultimate responsibility remains with them.

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We are happy to help. Please post your comment below or contact our Audit Service Director Will Townsend (wtownsend@cooneycarey.ie) on 01 677 9000. To keep in touch, connect with us on LinkedIn. If this article helped you, please share it with other businesses.