In many circumstances, the law applies not only to a director, but to a 'shadow director'.
A shadow director is a person in accordance with whose directions or instructions the directors of a company are accustomed to act. Under this definition, it is possible that a director, or the whole board, of a holding company, and the holding company itself, could be treated as a shadow director of a subsidiary.
A founder or significant shareholder who wishes to escape the disclosure requirements of a directorship might still be counted as a 'shadow' director and held responsible for actions as if he or she were a formal director.
Professional advisors giving advice in their professional capacity are specifically excluded from the definition of a shadow director in UK companies legislation.
It's vital that you don't leave this site without identifying exactly what you need.
The reason you are here – is that you want to know how an effective board operates. Is there potential for your board to perform better?
We can help with that...
If you are the chairman of an organisation, chief executive, or a director (or enquiring on behalf of a board member), and would like to improve your board's effectiveness, then do contact us for a confidential discussion about director and board development. It costs nothing, and our work is guaranteed.
Why not start by asking us to review the processes, behaviours and skill sets relating to the roles and responsibilities of your company directors and board?
For a FREE report and further information about best practice as a director or how to run a board, please register your details below: -
We care about SPAM and will not sell or give away your data.
Brefi Group possesses a unique combination of maturity, professional skills and human qualities required for supporting directors and boards, whether they be in commercial or public organisations or running a small company.
When you are ready to move forward, the next step is easy.
There is a lot more valuable information on this site, so if you have a specific interest, please use the search box at the top of the page.
To find out more about how Brefi Group could help you, use our contact page, or contact us by telephone on +44 (0) 121 288 3417.
Brefi Group helps individuals and teams in organisations to discover and achieve their potential so that they become more effective with less stress.Learn more »
The Director Development Centre audits corporate governance and helps directors and boards become more effective by clarifying goals and improving communication.Learn more »
The ASEC School of Executive coaching provides coach training programs for managers and coaches throughout Asia, Africa and the Middle East.Learn more »