What are the responsibilities of a nominee director? Do questions concerning the day-to-day running of the company need to be agreed with him or her?
At the request of the owner of the company, a nominee director can carry out particular actions called for by the owner – sign a contract, draw up a power of attorney with a special text and so on. In turn, the actual day-to-day management of the company is carried out personally by the owner or by a person authorised by the owner on the basis of a general power of attorney completed in the name of the relevant person. Accordingly, a nominee director usually participates in the affairs of the company when a new power of attorney or other document needs to be drawn up.
Related Questions
- What are the responsibilities of a nominee director? Do questions concerning the day-to-day running of the company need to be agreed with him or her?
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