- dummy director
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n.A director of a corporation who is in fact merely a figurehead and who has no real interest in the corporation.
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
dummy director
Look at other dictionaries:
Dummy Director — A person on a company s board of directors who votes and acts on the wishes of a non board member. Dummy directors are most commonly used when a private company is in the process of going public, and it needs to establish a board of directors… … Investment dictionary
dummy director — A person who, although nominally a director of a corporation is a mere figurehead and discharges no duties. Goldenrod Mining Co. v Bukvich, 108 Mont 569, 92 P2d 316. A person to whom a share of stock in a corporation is transferred in order to… … Ballentine's law dictionary
dummy director — One to whom (usually) a single share of stock in a corporation is transferred for the purpose of qualifying him as a director of the corporation, in which he has no real or active interest. One who is a mere figurehead and in effect discharges no … Black's law dictionary
dummy director — One to whom (usually) a single share of stock in a corporation is transferred for the purpose of qualifying him as a director of the corporation, in which he has no real or active interest. One who is a mere figurehead and in effect discharges no … Black's law dictionary
director — di·rec·tor n 1: the head of an organized group or administrative unit or agency 2: any of a group of persons usu. elected by shareholders and entrusted with the overall control of a corporation ◇ Directors owe a fiduciary duty to the shareholders … Law dictionary
dummy — I. noun (plural dummies) Etymology: 1dumb + 4 y Date: 1598 1. a. a person who is incapable of speaking b. a person who is habitually silent c. a stupid person 2. a. the ex … New Collegiate Dictionary
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Now Who’s the Dummy? — Infobox Television episode Title = Now Who’s the Dummy Series = King of the Hill Caption = Season = Episode = Airdate = Sunday 18 February 2001 Production = 5ABE14 Writer = Johnny Hardwick Director = Dominic Polcino Guests = Tom Poston Episode… … Wikipedia
