The Public Company Director Checklist – Barbados

This Public Company Director Checklist (the “Checklist”)1 has been drafted as a practical guide to the main obligations of directors and procedures pertaining to a listed public company under the Bankruptcy and Insolvency Act Chapter 303 of the Laws of Barbados (“the Bankruptcy Act”), the Companies Act of Barbados Chapter 308 of the Laws of Barbados (“the Companies Act”), the Companies Regulations 1984 (“the Regulations”), the Fair Competition Act Chapter 326C of the Laws of Barbados (“the Fair Competition Act”), the Financial Services Commission Act 2010 of the Laws of Barbados, the Income Tax Act Chapter 73 of the Laws of Barbados (“the Income Tax Act”), the Money Laundering and Financing of Terrorism (Prevention and Control) Act 2011 of the Laws of Barbados (“the Money Laundering Act”), the National Insurance and Social Security Act Chapter 47 of the Laws of Barbados (“the NIS Act”), the Securities Act Chapter 318A of the Laws of Barbados (“the Securities Act”), Take-Over Bid Regulations, 2002 (“the Take-Over Regulations”) and the Value Added Tax Act Chapter 87 of the Laws of Barbados (“the VAT Act”).

This document should be used solely as a general guide and is not intended to be used as professional or legal advice. The Checklist does not contain an exhaustive overview of all of the provisions of the relevant legislation but highlights circumstances in which professional advice should be obtained. This Checklist is provided solely on the basis of the Laws of Barbados and no investigation has been into the laws of any other country which might or would affect the Checklist.