A nominee director, also known by the more politically correct name of “third-party director”, is an unrelated person (corporate or individual), who would be officially registered and act as the Director of an IBC. Nominee director services are provided by licensed Registered Agent firms to their client companies as an optional service. In-house directors, being either private individuals or dedicated corporate bodies, operate under the umbrella license of the International Corporate Service Provider (Registered Agent). Thus, the functions of nominee directors are regulated by the official financial services supervisory authority, same as those of the Registered Agent itself.