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Questions and Answers
Who is considered a Director under common law duties?
Any person occupying position of director of a corporation by whatever name called including shadow D and de facto D.
What is the role of a shadow director?
To give direction and instruction towards directors and the majority of the company is accustomed to working with these directions and instructions.
What is a de facto director?
A person who acts as a director and is allowed to do so by the Board of Directors.
Which positions are included in the definition of a director under S2(1)?
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How are actions taken by shadow and de facto directors binding to the company?
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