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Who is a nominee director? A
Who is a nominee director?
A.A person who has not been appointed to the position of a director, but who acts in the capacity of a director.
B.A person who is appointed to the board to represent the interests of a particular group.
C.A person who may not have been appointed to the position of a director, but the board acts in accordance with their instructions or wishes.
D.A person who is appointed by a director to be their temporary substitute.
E.None of the above.
Expert Solution
A nominee director is that person who is appointed to the board to represent the interests of a particular group. It is appointed by financial instituters. The purpose of nominee director is counseling and to protect their interest.
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