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प्रश्न
Justify the following statement:
The Board of Directors are the elected representatives of the shareholders.
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उत्तर
(1) In a joint stock company, there is a separation of ownership from the management. Although the shareholders are the owners of the company, they never participate in the management. The shareholders elect their representatives from amongst themselves. The elected representatives are called ‘directors’. The directors form themselves into a body called a Board of Directors. Thus, the Board of Directors is the elected representatives of the shareholders.
(2) The shareholders delegate their powers of management to the Board. The Board after discussion decides the matters frame the policies and takes policy decisions. The managing Directors with the help of the managerial staff implements the policies.
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संबंधित प्रश्न
Select the correct answer from the option given below and rewrite the statement:
Representatives of shareholders are __________.
Select the correct answer from the option given below and rewrite the statement:
Every company except CFO and the small company shall hold minimum ______ Board Meetings in each year.
Select the correct answer from the option given below and rewrite the statement:
The gap between two consecutive Board Meetings should not be more than ______ days.
Write a word or a term or a phrase which can substitute the following statement.
A meeting of all the directors of a company.
Write a word or a term or a phrase which can substitute the following statement.
A written invitation was given to the Director to attend the meeting.
State whether the following statement is true or false:
A director can be removed before the expiry of his term.
State whether the following statement is true or false:
Directors act as trustees of the company.
State whether the following statement is true or false:
A director can remain absent for any number of Board Meetings.
Select the correct option from the bracket:
| Group A | Group B |
| Duty of directors | ______________ |
Complete the sentence.
The elected representatives of the shareholders are called as _________
Attempt the following.
Draft the notice and agenda of routing board meeting.
Justify the following statement:
The secretary has to correspond with directors on an important occasion
Write a letter to the director who was absent for a board meeting to inform him about proceeding of the meeting.
Justify the following statement:
Directors exercise their powers and authorities collectively as a Board.
Explain the following term/concept:
Director
Correct the underline words and rewrite the following statement:
Secretary is responsible for decision making and framing policies of a company.
Correct the underline word and rewrite the following statement:
Secretary is a elected representative of the shareholders.
Write a letter to the director requesting him to disclose his personal interest in a contract.
