Canada FAQ
What is a nominee director in Canada?
A nominee director in Canada is typically a temporary board appointee used for a defined structural or timing need, not a substitute for the client’s own long-term management.
A nominee director in Canada is typically a temporary board appointee used for a defined structural or timing need, not a substitute for the client’s own long-term management.
A nominee or temporary resident director arrangement should be carefully documented with scope, decision-making boundaries, indemnity expectations, insurance expectations, and a defined transition path.
The service is meant to solve a specific structural or timing issue, not to replace long-term management, regulated advice, or the client’s own governance responsibilities.
Key points
- The role should be temporary and documented.
- Indemnity and insurance expectations matter.
- A transition plan should exist before appointment.
Related questions
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