Independent Directors/Managers provide protection to institutional lenders and rating agencies and are often required for the financing of assets. The Independent Director/Manager provides the lender an assurance of “independence” on a bankruptcy vote. No bankruptcy action can be declared without the approval of the Independent Director/Manager, who by definition is not related to or controlled by the borrower.
United Corporate Services, Inc., through its affiliate, is available to provide you with your Independent Director/Manager needs. Contact us today to discuss those needs with a Client Service Representative.