The company is managed by its board of directors. None of the directors needs to be resident in Guernsey and the meetings of the directors need not take place in Guernsey and need not be held in a single location (i.e., telephone conference calls will suffice). Every company must hold an annual general meeting of its members. Accounts laid before the annual general meeting must be forwarded to the shareholders in advance. Resolutions of shareholders meetings can be agreed in writing and need not be held in a single location. Minutes of shareholders' and directors' meeting must be kept. These do not have to be made available for public inspection.

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