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Question
Answer in brief:
State any four powers of Managing Directors.
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Solution
- He has the authority to preside over board meetings and actively participate in shaping the company’s policies. He is entitled to attend these meetings, vote on all resolutions, and influence major policy decisions.
- He is empowered to raise funds required for business operations and to invest any surplus or idle resources of the company. He can also provide loans as part of normal business activities.
- Additionally, he holds the authority to appoint staff members, oversee and manage the entire workforce, and issue directives to departmental heads and senior executives to ensure the effective execution of board decisions.
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