De Facto Director
/ˌdiː ˈfæktoʊ dɪˈrɛktər/
Definitions
- (n.) An individual who acts as a company director without being formally appointed or registered as such under the law.
The court held that the de facto director was liable for the company's debts due to his management role.
Forms
- de facto director
- de facto directors
Related terms
See also
Commentary
The term is important in corporate law to attribute responsibilities and liabilities to persons acting as directors despite lacking formal appointment.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.