’Front’ or ’straw men’ directors: a missing element in the effort to prevent the abuse of companies?

17 Pages Posted: 7 Jan 2021

See all articles by Karsten Engsig Sørensen

Karsten Engsig Sørensen

Aarhus University – Aarhus BSS, Department of Law

Date Written: January 4, 2021

Abstract

Front or straw men directors are often used to conceal who is really managing companies involved in illicit activities of different kinds. Whereas the EU in recent years has made much headway in the effort to curb the abuse of companies, the EU has done little to address this problem. It is pointed out that such front or straw men directors are in fact a problem and that they can – and has been in several Member States – be addressed in different ways. The article analyses these different approaches and points out their pros and cons.

Keywords: Abuse, ‘front’ or ‘straw men’ directors

JEL Classification: K22

Suggested Citation

Sørensen, Karsten Engsig, ’Front’ or ’straw men’ directors: a missing element in the effort to prevent the abuse of companies? (January 4, 2021). Nordic & European Company Law Working Paper No. 21-02, Available at SSRN: https://ssrn.com/abstract=3761709 or http://dx.doi.org/10.2139/ssrn.3761709

Karsten Engsig Sørensen (Contact Author)

Aarhus University – Aarhus BSS, Department of Law ( email )

Bartholins Allé 16, Building 1410, Room 246
DK-8000 Aarhus C
Denmark

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