How ICIJ’s Project Team Analyzed the Offshore Files | International Consortium of Investigative Journalists
A large number of positions are held by so called “nominee directors,” whose names appear again and again, sometimes in hundreds of companies. Nominee directors are people who, for a fee, lend their names as office holders of companies they know little about. It is a legal device widely utilized in the offshore world – akin to having your motor vehicle registered in the name of a stranger.
The records indicated that company directors and shareholders were often nominee companies, law firms or other types of “corporate persons,” some of which were managed and owned by still other nominees and companies.