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Directors may be of three kinds: de jure directors, that is to say, those who have been validly appointed to the office; de facto directors, that is to say, directors who assume to act as directors without having been appointed validly or at all; and shadow directors who are persons falling within the definition which I have read.
De facto director – an individual who acts as a director of the company but has not actually or validly been appointed as such. Shadow director – an individual who acts as a director of the company but is not a named director (a de jure director) and does not claim or purport to act as director.
In carrying out their functions, directors (whether formally appointed, de facto, or "shadow directors" [1]) owe a series of duties to the company. [2] There are presently seven key duties codified under the Companies Act 2006 sections 171 to 177, which reflect the common law and equitable principles.
Born in New Zealand to a family of Chinese doctors, action maven Roseanne Liang describes herself as a “classic immigrant-child overachiever” who’d never questioned that she was destined to ...
Another example in Latin America is the one of the former general Manuel Noriega, who was the military leader and the de facto chief of state of Panama from 1983 to 1989. Diego Portales of Chile , who had significant influence in the political life of his country in early 1830s, reflected in the Constitution of 1833 ; [ 7 ] [ 8 ]
Directors' duties are a series of statutory, common law and equitable obligations owed primarily by members of the board of directors to the corporation that employs them. It is a central part of corporate law and corporate governance. Directors' duties are analogous to duties owed by trustees to beneficiaries, and by agents to principals.
Jeff Fowler has directed all three “Sonic the Hedgehog” films, but his association with the video game franchise pre-dates the spikey haired speedster’s big screen debut. Like any self ...
Lord Suirdale (Richard Michael John Hely-Hutchinson) sued Brayhead Ltd for losses incurred after a failed takeover deal.The CEO, chairman and de facto managing director of Brayhead Ltd, Mr Richards, had guaranteed repayment of money, and had indemnified losses of Lord Suirdale in return for injection of money into Lord Suirdale's company Perdio Electronics Ltd. Perdio Ltd was then taken over ...