Business Environment and Law-Company Management & Remuneration
Duties Of Directors- Company Management & Remuneration
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Duties Of Directors- Company Management & Remuneration
Duties Of Directors
1.Fiduciary duties and 2. Duties of care, skill and diligence.
a. Fiduciary Duties: As fiduciaries, the directors must
i. Exercise their powers honestly and bona fide for the benefit of the company as a whole and
ii. Not place themselves in a position in which there is a conflict between their duties to the company and their personal interests.
The other duties of a director are
1.Fiduciary duties and 2. Duties of care, skill and diligence.
a. Fiduciary Duties: As fiduciaries, the directors must
i. Exercise their powers honestly and bona fide for the benefit of the company as a whole and
ii. Not place themselves in a position in which there is a conflict between their duties to the company and their personal interests.
b. Duties of care, skill and
diligence: Directors should carry out their duties with reasonable care and
exercise such degree of skill and diligence as is reasonably expected of
persons of their knowledge and status.
Other Duties Of Directors:
The other duties of a director are
1. To attend board meetings,
2. Not to delegate his functions except to the extent authorized by the Act or the constitution of the company, and
3. To disclose his interest.
2. Not to delegate his functions except to the extent authorized by the Act or the constitution of the company, and
3. To disclose his interest.
Tags : Business Environment and Law-Company Management & Remuneration
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