Question

REVIEW QUESTIONS
. Who is a shadow director? How he is different from de facto
director?​

Answer 1

Answer:

A "shadow director", according to law, is a person in accordance with whose directions or instructions the directors of a UK limited company are accustomed to act. In short, a shadow director is anyone who is directly calling the shots at a company or an area within the company. In the judgement on Re Hydrodam (Corby) Ltd Judge Millett concluded: "A de facto director is a person who assumes to act as a director. He is held out as a director by the company, and claims and purports to be a director, although never actually or validly appointed as such.