An individual who is given the role of a non executive director on the firm’s board of directors , in place of another person, investor or financial institution . It also refers to a resident in a tax haven who acts as a trustee to an offshore firm in a tax haven country. Usually, the nominee director is not obligated to owning shares of the company. however, if the need arises, he or she must be able to gain the ownership of shares within a short period of time. Sometimes, another firm can take the role of the nominee director.
Black’s Law Online Dictionary
