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Economy

The directors paid to sign papers and do nothing

HERE’S THE INTERESTING PART

Sometimes a seat at the table is literally just an empty suit filling a legal requirement. To bypass stringent regulations regarding board composition or residency requirements in foreign jurisdictions, companies appoint 'ghost directors.' They collect a handsome fee to sign paperwork but have absolutely zero input into the actual functioning of the enterprise.

The directors paid to sign papers and do nothing
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