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Roles of a Director - Company Management & Remuneration

   Posted On :  14.05.2018 09:39 pm

A company, as an artificial person, acts through directors who are elected representatives of the shareholders.

Roles of a Director:
 
 

Directors As Agents:

 
A company, as an artificial person, acts through directors who are elected representatives of the shareholders.

Directors As Employees:

 
Although the directors of a company are its agents, they are not employees or servants of the company for being entitled to privileges and benefits which are granted under the Companies Act to the employees.
 

Directors As Officers:

 
For certain matters under the Companies Act, the directors are treated as officers of the company [sec.2 (30)].
 

Directors As Trustees:

 
Directors are treated as trustees
 
1. Of the Company’s money and property;
 
2. And of the powers entrusted to them.

 

Tags : Business Environment and Law-Company Management & Remuneration
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