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Does having a common director mean a related party as per IAS 24?
in IAS 24 - Related Party Disclosures by

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In considering each possible related party relationship, attention is directed to the substance of the relationship and not merely the legal form.

In the context of IAS 24, two entities are not related parties simply because they have a director or other member of key management personnel in common or because a member of key management personnel of one entity has significant influence over the other entity. Ref: IAS 24.10
by Level 5 Member (11.6k points)
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Yes In most of the cases it is the related party.
by Level 1 Member (1.8k points)