Nominee Director

A nominee director is an individual or corporate entity that is listed as a director of a company on behalf of the beneficial owner, without exercising real control over the company's affairs. Nominee directors are used for privacy or to satisfy local director requirements in certain jurisdictions. Their use has come under increasing regulatory scrutiny as jurisdictions require disclosure of beneficial ownership information in public or government-accessible registers. Nominee arrangements do not generally shield the beneficial owner from legal or tax obligations if substance is lacking.