These people form the Board of Directors and are legally responsible for running a company. If they transgress they can go to jail. If they run the business properly they can make themselves, and you as a shareholder, very rich.
run the company and although they may be limited in what they can do by the Articles of Association they can generally do anything that the company can do. Whilst directors wield great power their responsibilities can be onerous. They must always act in the best interests of the company and within the law. Best interests of the company, which means the shareholders as a whole, may not always be the same as those of customers, employees, individual shareholders or even the directors themselves. Directors act collectively as a Board of Management in all company decisions unless powers are specifically delegated to a committee of directors or a managing or executive director. Anyone can become a company director except: A person who is currently disqualified by a court of law. An un-discharged bankrupt (except with leave of the court). In Scotland, anbody under the age of 16. For a PLC, anybody over the age of 70 unless specifically approved by a general meeting of the company after a special notice of the relevant resolution.
Persons typically elected by the shareholders of a corporation and authorized to manage and direct the affairs of a corporation or company. The whole of the directors collectively form the board of directors.
Individuals elected by a corporation's shareholders to be part of the board of directors. The board is responsible for monitoring the activities of a corporation and making major business decision such as appointing officers.
Directors are elected by shareholders at AGM. They are acting on behalf of the company to enter into contracts, etc. The minimum number of directors of a company is 2 at any time. # From 14 February 2004, a private company can have only one director.
The directors of a corporation are persons typically appointed by the shareholders to manage the business and affairs of the corporation. Their names are normally recorded both in the corporation's minute book and with the Corporate Registry. (Source: Policy 06-01)
A Board of Directors manages the affairs of an enterprise. The Board is elected by the stockholders of a corporation to manage the affairs and set the general policies. Customarily, the President, Vice President, Secretary and Treasurer of a Corporation are considered the directors who constitute the Board of Directors.
Irish companies require at least two individuals (Corporate Directors are not allowed) over the age of 18 to act in the capacity of director with at least one being a permanent resident of Ireland. The directors constitute the decision making body of a company commonly known as the board of directors and are liable at law for a company's actions.
legal executives of a company. They take management decisions in board meetings. Directors are personally responsible for delivering accounts and the annual return on time. They also ensure that the registered office address is current and attended.
The persons elected by the owners to manage the affairs of the corporation. A Chair is often elected from among the Directors to conduct the meetings. Directors have the responsibility of electing the officers, establishing corporate policy and responsibly managing the significant business decisions of the Company. Under the Sarbanes â€“Oxley act, the directors may have liability for false financial reports and other corporate wrongdoing.
The directors of a corporation are its governing board, individuals elected by shareholders. They have the authority to run the company on behalf of the shareholders and are responsible to the shareholders for the results of their decisions. Directors vote on major corporate matters such as the issuing of shares of stock, election of officers, payment of dividends and approval of mergers and acquisitions.