The Importance of Directors in a Panama Company Irregardless of whether it is a new or existing company, directors play a vital role in every corporation. An organization must have at least 3 directors. A director of Panama company can be from anywhere, must be at least 18 years of age. Though a director is a publicly listed position, one can prefer for nominee direction to protect privacy of clients. with bankingcorporationdirectorsfoundationoffshorepanamaby 2 users