24 May 2010
A person in accordance with those directions or instructions the board of directors is accustomed to act is called as 'deemed director' or 'shadow director'.
Usually Holder of controlling or majority stock (share) of a private firm who is not (technically) a director and does not openly participate in the firm's governance, but whose directions or instructions are routinely complied with by the employees or other the directors. In the eyes of law, he or she is a de facto director and is held equally liable for the obligations of the firm with the other de facto and de jure directors.