ADS advices

In Ireland, shadow directors are individuals who, without holding an official director position, exert significant influence over the board’s decisions and the company’s activities. The concept of a shadow director is covered under the Companies Act 2014, which regulates the duties and responsibilities of such individuals.

1. Definition of a Shadow Director

In Ireland, Nominee Directors are directors appointed to represent the interests of third parties (e.g., shareholders or a parent company) on the board of directors. These directors act in accordance with legal requirements and are regulated by the Companies Act 2014. Nominee directors must fulfill their fiduciary duties to the company, even if they are appointed on behalf of external interests.

1. Definition of a Nominee Director

Under Irish law, particularly the Company Act 2014, Independent Directors play a vital role in promoting transparency and accountability within companies. Here’s a detailed overview of the role, duties, and legal requirements for Independent Directors according to Irish legislation:

1. Role of Independent Directors

Under Irish law, Non-Executive Directors hold a crucial position in corporate governance. According to the Company Act 2014, the role of non-executive directors is defined by their duties and responsibilities concerning the company. Here are the key aspects to consider:

1. Role and Responsibilities