What is the difference between a shareholder, director and PSC?

Shareholder Own shares in the company. Provide financial security to the business, can be entitled to receive a percentage of the profits, can sell their shares, and has limited liability based on the nominal value and amount they own shares, if the company is wound up. Director Appointed to manage the day-to-day operations and finance on behalf of, and for the benefit of, the owners (shareholders) of the business. Responsible for ensuring the statutory filings are made by the company in a timely fashion. Person with Significant Control (PSC) Any legal person (either a human being or a legal entity) who meets at least one of the following criteria is considered a PSC: 1.    Owns more than 25% of shares in a private company limited by shares 2.    Owns more than 25% of the voting rights in a company 3.    Has the right to appoint or remove a majority of the directors 4.    Exercises, or has the right to exercise, significant influence or control of the business 5.    Exercises, or has the right to exercise, significant influence or control over the activities of a trust or firm which is not a legal entity, but would itself satisfy one of the first four conditions if it were an individual The first three conditions may be met directly or indirectly, which means an individual may hold their PSC rights indirectly through another company.