What rules govern shareholders nominees?
Shareholders may hold their shares directly and be named on the company’s share register or they may hold their shares through a nominee. A nominee is an institution or person under whose name it has been agreed that an investment will be held, for example, shares may be held under the name of a broker or investment fund so that it is easier to settle transactions. If this is the case, it is the nominee who will be entered onto the share register as the owner and be entitled to voting rights etc while the “real” or beneficial owner will receive dividends.
