What is a director?
A director is legally responsible for managing the company and must comply with statutory duties. Companies may have one or several directors.
What is a person with significant control?
A PSC is a person or relevant legal entity that meets one or more significant ownership or control conditions, such as holding more than 25% of shares or voting rights.
Why the distinction matters
The visible management of a company may differ from the people who ultimately own or control it. Due diligence should therefore examine directors and PSCs together.
Can someone be both?
Yes. In many small owner-managed businesses, a person may be both director and PSC. In more complex structures, those roles may be separated.
Always use current official records and consider whether the available information is complete, consistent and appropriate for the risk involved.