Terms to Know

Here are some common terms used by Pathfinder Management and our clients:

Nominee Director is a natural person or a corporate body, as allowed by local statutes, which formally holds the position of a company's Director.

Nominee Manager is a natural person or a comany, who is a Limited Liability Company Manager.

General Power of Attorney The Nominee Director (Manager) may issue a General Power of Attorney to another party. It may be in the name of the client or his authorized representative (Attorney-in-Fact). The client or his authorized representative receives those powers as outlined in the Power of Attorney, although they may not exceed the powers held the Director (Manager).

Nominee Shareholder Nominee Shareholder(s) or Member(s) Services are provided by a specific request of a client. The shares (member interest) of the client's company will be held only for nominee purposes (e.g. the Shareholders' or Members' details to be listed in the Registrar of the jurisdiction of the client's company incorporation or in some other public documents). The ultimate beneficiary of the company remains the only person actually authorized to dispose of its business, acts, and deeds. The Nominee Shareholder may transfer the shares he formally holds to the person(s) listed in an appropriate instruction from the Beneficiary.