Shadow Director
/ˈʃædoʊ dəˈrɛktər/
Definitions
- (n.) An individual who is not officially appointed as a director but who in fact directs or controls the company’s board or operations.
The court found that he was a shadow director and thus liable for the company's debts.
Forms
- shadow directors
Related terms
See also
Commentary
Shadow directors may be held liable as if they were formal directors; identifying them requires evidence of their influence over company decisions.
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.