Directors of the company run the day-to-day operations of the business. For administrative purposes, DealersOnline must be informed surrounding the contactable persons for the business operations.
Company shareholders partake in the decisions made to optimally run the business, however, they often do not partake in the day-to-day operations of the business. These shareholders are also referred to as ‘Non-executive’ owners.
When to use it
As part of the compliance process, the directors’ details must be captured and submitted on the platform.
As part of the compliance process, the shareholders' details must be captured and submitted on the platform.
Where to find it
- Log onto Auction
- Select ‘Manage My Dealership’
- Access the Dropdown Menu
Log onto Auction
From the DealersOnline home screen, navigate towards the ‘Login’ button and log onto the auction platform to access your profile.
Select 'Manage My Dealership'
From the ‘My Account’ menu, scroll towards the ‘Valuation Panel’ section and click on ‘Manage My Dealership’.
Access Dropdown Menu
From the Dealership Management screen, scroll towards ‘Directors’ and ‘Non-Exec Owner’ and click on the title or downwards arrow to expand the section.
How to use it
Directors
Expand Directors Details
From the expanded section, you can view the director’s details or add a director onto the platform.
Add Director Details
Capture the details of the business director including their personal details and location along with whether they classify as a UBO. If this is the case, indicate their percentage ownership.
Take note: an individual with 5% ownership in the business is classified as a UBO.
Non-Exec Owners
Access Non-Exec Owner Dropdown
From the Dealership Management screen, scroll towards ‘Non-Exec Owner’ and click on the title or downwards arrow to expand the section.
Add Non-Exec Owner
From the expanded Non-Exec Owner section, capture the details of the non-executive owner including their personal details and location along with whether they classify as a UBO. If this is the case, indicate their percentage ownership.
Take note: an individual with 5% ownership in the business is classified as a UBO.
