Nominee Director
A third-party director appointed to a company's board to meet local residency requirements or protect the privacy of the actual owners.
A nominee director acts on behalf of the beneficial owner. While their name appears on public corporate registries, they typically have no operational control over the business. This arrangement is often used in offshore jurisdictions or countries that require at least one resident director (e.g., Singapore, UK).
Related terms
Compliance
Beneficial Ownership Information (BOI) Report
A mandatory filing in the US under the Corporate Transparency Act detailing the individuals who ultimately own or control a company.
ComplianceApostille
An international certification that authenticates a public document for use in another country under the Hague Convention.