Question

Justify the fo
ify the following statements.
Directors are Managing Partners,​

Answer 1

Answer:

hey mate here is ur ans.

A managing partner is one of the top managers of a partnership. There could be several of them, or he could be the head of the firm. A managing director is usually a director (i.e. member of the board) of a private or public limited company who has been given the responsibility by the board to manage the company.

Answer 2

Explanation:

1) Directors are the representative of the shareholder.

2) They are appointed as a director to conduct the business on behalf of shareholders.

3) They are entrusted with vast power of management.

4) They have to perform several functions and duties.

5) Directors always work in team.

6) Directors while working in team help each other to manage the business and company.

Therefore directors are managing partners.