Governance

What independent directors should actually be doing

Independent and Economic Substance directorships from a Cayman-based team with the time, expertise and independence to add real value at board level.

· 2 min read

Directorships that actually direct

An Artemis directorship is not a nameplate. It is a working seat on your board, held by someone with the time, the independence and the Cayman experience to be useful when it matters: during a launch, a wind-down, a difficult NAV, a regulator’s question, or a decision that needs to be made and documented properly the first time.

We offer two forms of appointment, and it’s worth being clear about the difference.

Independent directorships

These are appointments where the board needs a specific skill set added to it: investment judgement, fund-services experience, finance and audit fluency, or governance depth. The role is what you’d expect from a serious independent: reviewing materials properly, participating in meetings, challenging where challenge is warranted, and making sure decisions are recorded in a way that stands up later.

Economic Substance directorships

Where the relevant activity requires directors to be directing from Cayman, the appointment is scoped to sit inside the entity’s wider substance position. The governance standard is the same as any independent seat; the difference is that the meetings, decisions and records are structured to evidence Cayman-based direction and management for the CIGA in question.

Who this tends to suit

  • Hedge funds and multi-strategy vehicles wanting a credible independent voice on the board
  • DeFi and crypto trading funds needing directors who understand the operational reality, not just the offering document
  • Finance and leasing companies, holding structures and SPVs brought into Economic Substance scope
  • Operating companies that need Cayman-based board oversight tied to genuine activity

What engagement looks like

Every appointment is scoped at the outset: capacity, cadence, materials, reporting lines, escalation, and how the seat sits alongside any other directors already in place. We’d rather turn down a role than take one we can’t do properly, and we’ll tell you if the answer is that this won’t work.

The emphasis is on judgement, capacity and useful involvement, not simply occupying a board seat.

In practice that means showing up prepared, asking the questions that need asking, keeping records that a regulator or auditor can follow, and being reachable between meetings when something moves. It also means being honest about conflicts, capacity limits and where a matter should sit with counsel or the administrator rather than the board.

How to take the next step

If you’re weighing up a directorship appointment, for a new launch, a board refresh, or an entity that has fallen into Economic Substance scope, the fastest way to a useful answer is a short conversation about the structure, the activity and what the board actually needs. We’ll tell you what we can do, what we can’t, and what a proportionate scope looks like.

Next step

Senior-led Cayman support, scoped to your structure.

Tell us about your structure. We'll give you a straight answer on whether we can help, and how.