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In some jurisdictions, there's one (or more) corporate directors who are legally responsible for a subset of activities. In that case, there are "nominee direct
by ronsor 1y ago
In some jurisdictions, there's one (or more) corporate directors who are legally responsible for a subset of activities. In that case, there are "nominee director" services where you pay someone else to take that position.
The point is that if you require some one person to be legally liable, then you'll simply create a new industry of scapegoats to hire.
- protocolture 1y agoThere are simple tests to determine effective directorship. Like can they move company funds.
- FireBeyond 1y agoVery much so. "Can they sign a binding contract for the corporation?", etc.