How will big brother play ? A great deal depends on the role of institutional investors, particularly the FIs and GIC, LIC and UTI . Gone are the days when they did precious little despite having nominee directors on the boards.
22.
He served as the Reserve Bank's nominee director on the boards of Dena Bank, Allahabad Bank, Bank of Baroda, Indian Overseas Bank, Deposit Insurance and Credit Guarantee Corporation and Export Credit and Guarantee Corporation at different phases of his career.
23.
Two similar techniques to provide anonymity for a ship's beneficial owner are " nominee shareholders " and " nominee directors . " In some jurisdictions that require shareholder identities to be reported, a loophole may exist where the beneficial owner may appoint a nominee to be the shareholder, and that nominee cannot legally be compelled to reveal the identity of the beneficial owner.
24.
The burden of their complaints was that, when there was a recession in 1952 in the rayon trade, they-Dr . Meyer and Mr . Lucas-tried, on behalf of the textile company, to develop trade in other goods : particularly in the export of woollen materials to Germany ( where they had valuable trade connections ) and in a large export order for ?0, 000 : but that they were thwarted in their efforts by the actions of two of the nominee directors, who tried to get the trade for the Scottish Co-operative Wholesale Society itself.
25.
The agreement would clearly be void as against public policy : see " Osborne v . Amalgamated Society of Railway Servants " [ 1909 ] 1 Ch . 163, 186, 187; 25 T . L . R . 107, C . A . by Fletcher Moulton L . J .; and on appeal by Lord Shaw of Dunfermline . [ 1910 ] A . C . 87, 110, 111, H . L . Or take a nominee director, that is, a director of a company who is nominated by a large shareholder to represent his interests.
