tiktok³ÉÈË°æ

All Countries
Corporate Governance
Director Appointment Agreement

Director Appointment Agreement Template for Nigeria

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Director Appointment Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Director Appointment Agreement

"I need a Director Appointment Agreement for appointing a non-executive director to our fintech company's board, starting March 1, 2025, with specific provisions for technology oversight responsibilities and compliance with Nigerian financial services regulations."

Celebrated by
Collaborations with
Investors
Document background
The Director Appointment Agreement is a fundamental corporate governance document used when appointing new directors to a company's board in Nigeria. This agreement is essential for compliance with the Companies and Allied Matters Act (CAMA) 2020 and the Nigerian Code of Corporate Governance 2018. It should be used whenever a new director (executive or non-executive) is appointed to the board, documenting the terms of their appointment, duties, remuneration, and obligations. The agreement helps protect both the company's and the director's interests by clearly defining the relationship, expectations, and responsibilities. It includes provisions for compliance with local regulations, corporate governance requirements, and company-specific policies, while also addressing practical aspects of the role such as time commitment, confidentiality, and termination procedures.
Suggested Sections

1. Parties: Identification of the company and the appointed director

2. Background: Context of the appointment and brief company information

3. Definitions: Key terms used throughout the agreement

4. Appointment and Term: Official appointment, position title, and duration of appointment

5. Duties and Responsibilities: Director's statutory and specific duties under CAMA 2020 and company requirements

6. Time Commitment: Expected time dedication to the role and attendance requirements

7. Remuneration: Compensation, fees, and benefits package

8. Expenses: Policy on reimbursement of expenses incurred in role performance

9. Confidentiality: Obligations regarding company confidential information

10. Corporate Governance: Compliance with corporate governance requirements and board procedures

11. Termination: Conditions and procedures for ending the appointment

12. Company Policies: Adherence to company policies and procedures

13. Governing Law: Nigerian law as governing law and jurisdiction

Optional Sections

1. Executive Duties: Additional section for executive directors detailing operational responsibilities

2. Share Qualifications: Required if directors must hold qualification shares under the articles

3. Group Company Obligations: If director has responsibilities across a group of companies

4. Performance Targets: For executive directors with specific performance-based compensation

5. Non-Competition: Restrictions on competing activities during and after directorship

6. Special Projects: For directors appointed for specific projects or transformations

7. International Travel: For roles requiring significant international travel

8. Insurance and Indemnity: Detailed provisions for director's insurance and company indemnity

Suggested Schedules

1. Schedule 1: Remuneration Details: Detailed breakdown of compensation package including salary, bonuses, and benefits

2. Schedule 2: Position Description: Detailed description of the role and responsibilities

3. Schedule 3: Company Policies: List of relevant company policies the director must comply with

4. Schedule 4: Board Meeting Schedule: Annual schedule of regular board meetings and commitments

5. Appendix A: Statutory Declaration: Director's declaration of compliance with CAMA 2020 requirements

6. Appendix B: Conflict of Interest Form: Standard form for declaring potential conflicts of interest

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions







































Clauses





































Relevant Industries

Financial Services

Oil and Gas

Manufacturing

Technology

Telecommunications

Healthcare

Real Estate

Fast-Moving Consumer Goods

Agriculture

Mining

Education

Professional Services

Construction

Energy

Transportation and Logistics

Relevant Teams

Legal

Human Resources

Corporate Secretariat

Board of Directors

Executive Management

Compliance

Corporate Governance

Risk Management

Internal Audit

Corporate Affairs

Relevant Roles

Chief Executive Officer

Managing Director

Executive Director

Non-Executive Director

Independent Director

Finance Director

Operations Director

Technical Director

Commercial Director

Regional Director

Group Director

Board Chairman

Company Secretary

Legal Counsel

Human Resources Director

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Company Director Employment Contract

A Nigerian law-governed employment agreement establishing terms and conditions for a company director's appointment and service, including duties, remuneration, and statutory obligations.

find out more

Agreement Between Directors Of A Company

A legally binding agreement between company directors under Nigerian law, outlining their roles, responsibilities, and obligations in accordance with CAMA 2020.

find out more

Directors Contract Of Employment

A Nigerian law-governed employment agreement for company directors, establishing terms, conditions, and obligations of directorship.

find out more

Non Executive Director Service Agreement

A service agreement for Non-Executive Directors in Nigerian companies, compliant with CAMA 2020 and local corporate governance requirements.

find out more

Medical Director Contract Agreement

A Nigerian law-governed agreement establishing employment terms and conditions for a Medical Director, including clinical and administrative responsibilities in healthcare facilities.

find out more

Directors Service Contract

A comprehensive agreement governing the appointment and terms of service for company directors under Nigerian law.

find out more

Chief Executive Officer Employment Agreement

A Nigerian law-governed employment agreement establishing terms and conditions for a Chief Executive Officer's employment, including roles, compensation, and obligations.

find out more

Director Appointment Agreement

A Nigerian law-governed agreement establishing the terms and conditions for appointing a director to a company's board, in compliance with CAMA 2020.

find out more

Director Profit Sharing Agreement

A Nigerian law-governed agreement establishing profit sharing arrangements between a company and its director, including calculation methods and payment terms.

find out more

Directors Loan Agreement

A Nigerian law-governed agreement establishing terms for a loan between a company and its director, compliant with CAMA 2020 and related regulations.

find out more

Director Employment Agreement

A Nigerian law-governed agreement establishing employment terms and conditions for a company director, ensuring compliance with CAMA 2020 and local regulations.

find out more

Managing Director Contract Of Employment

A Nigerian law-governed employment contract for Managing Directors, establishing terms of appointment and compliance with CAMA 2020.

find out more

Nominee Director Agreement

A Nigerian law-governed agreement establishing the terms and conditions for a nominee director's appointment and duties, ensuring compliance with CAMA 2020 and related regulations.

find out more

Non Executive Director Agreement

A Nigerian law-governed agreement establishing the appointment terms and duties of a Non-Executive Director to a company's board.

find out more

Executive Director Employment Contract

A Nigerian law-governed employment contract for executive directors, combining employment terms with corporate governance requirements.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.