Who is considered a member of a company?

A member of a company is specifically defined as any individual who is entered on the company's register of members. This register is a formal record that identifies all individuals or entities that have an ownership interest in the company, typically through the holding of shares. This definition encompasses shareholders, as they are the primary type of members in a company, especially in the context of companies limited by shares.

While it might seem that shareholders or employees could be considered members, it is crucial to understand that not all employees are members unless they also hold shares or are otherwise recorded as members. Similarly, directors, while they may also be shareholders, are not automatically considered members solely based on their directorial role. Thus, the defining element here is the official recognition in the register of members, which is why this choice is the correct one.