Sentence examples for shadow directors from inspiring English sources

The trustees are not supposed to be involved in day-to-day management at A.I.G. or to become shadow directors.

Peter Montagnon, head of investment affairs at the Association of British Insurers, reiterated that the shareholders he represented would not stomach big bonuses to the detriment of dividends and expressed concern that the Financial Services Authority, which is vetting bank pay, could become "shadow directors" of banks by exerting influence without sitting on the board.

They deny Nick had a stake in the business or that he acted as a "shadow" director.

In a damning report released this week, FTI alleges that Palmer had acted as a shadow director of the company, alongside the sole appointed director, his nephew Clive Mensink.

Palmer has said he is looking forward to going to court to prove he did not act as a shadow director.

In their witness statements, the brothers also hit back at accusations that Nick was acting as a shadow director of CPC.

It is understood Jones will write to the AFP, ATO and parliament's privileges committee, seeking inquiries into Palmer's role as a "shadow director".

In a statement the governing body said: "Mr Cellino has been suspended for 18 months from being a director or shadow director of Leeds United or any other football club or company whose activities include ownership of a football club.

Park said there were "significant, voidable transactions" Queensland Nickel had made to interests related to the company's sole appointed director, Clive Mensink, and his uncle, Palmer, who, FTI contends, acted as a shadow director.

If Palmer were shown to be a shadow director and QN's insolvency could be proven on a day-by-day basis, he could be personally liable for that debt.

A report by QN administrators to the corporate regulator will flag possible criminal offences by Palmer as an alleged "shadow director" who drained about $200m from the Townsville business, contributing to its collapse.