write a note on position and power of the directors of company
Answers
Answer:
A Director is an agent of the Company for the conduct of the business of the company. Directors of a company have fiduciary relationship with the company as well as the shareholders when he acts as an agent or officers of a company.The Board generally has the power to determine the company's vision and mission, to guide and set the pace for its operations and future development, determine and review company goals and policies, set the organizational structure, determine the corporate strategy as well as the business strategies and plans that ...
- Powers and Duties of a Director
- Power to make calls in respect of money unpaid on shares.
- Call meetings on suo moto basis.
- Issue shares, debentures, or any other instruments in respect of the Company.
- Borrow and invest funds for the Company.
- Approve Financial Statements and Board Report.
- Approve bonus to employees.
Explanation:
A Director is an agent of the Company for the conduct of the business of the company. Directors of a company have fiduciary relationship with the company as well as the shareholders when he acts as an agent or officers of a company..The directors of a company are responsible for the day-to-day management of that company. The directors make decisions on behalf of the company in order that it can carry on its business, including making decisions relating to the company: raising funds.