| Commentary

16 Types of director

| Commentary

16 Types of director

A ‘de jure’ director is a person who has been appointed to the office of director in accordance with the rules governing such appointment, as contained in the company’s constitutional documents, and is not otherwise disqualified. A person who acts as a director but is not a ‘de jure’ director is often called a ‘de facto’ director of the company. Such a person may or may not be a substantial shareholder, or other ‘insider’, with substantial influence over the company’s affairs. Furthermore, legislation has extended the responsibilities and potential liabilities of directors to a person known

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