Do not be exploited as a “straw man” board member

Being a member of the board of a company or an association without following how its activities are being conducted is called being a “straw man”.

It is a criminal offence. You may be personally liable for payments and run up in debt.

You may be committing a criminal act

If you register yourself as a member of the board or managing director of a company or an association without following how its activities are being conducted, you are a straw man. It is a criminal offence. You risk contributing to tax offences, money laundering and accounting offences when criminals want to hide their identity behind yours.

You may be punished

When you represent a company or board, you take responsibility for how its activities are being run and you cannot make the excuse that you did not understand the meaning of what you had signed. You may be personally liable for payments and run up debt. This means that it may be difficult for you to take a bank loan or to sign a mobile phone contract or tenancy agreement. Moreover, you may be sentenced to imprisonment or a fine.

You can protect yourself

Do not sign documents when you are not aware what undertaking you are making and what consequences it may have. Protect yourself by contacting the Swedish Companies Registration Office and blocking your identity so that you cannot be registered in companies or associations if you suspect that you may be exploited as a straw man.