Definitions for "Controlling director"
A director who along with his or her family is able to control 20% or more of the shares in the company.
An individual who owns or controls more that 20% of a company, or more than 20% of a company’s ordinary shares. Dependent An individual who is dependent on the member, either financially or due to disability. Or a child who is under the age of 18, is over the age of 18 but in full time education, or who is dependent on the member due to disability.
An individual who alone or along with one or more associates is able to control at least 20 per cent of the ordinary share capital of a company.