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Question
Explain the following term/concept:
Director
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Solution
(1) The elected representatives of the shareholders are called Directors of the company. The shareholders vest in them all the powers of managing the affairs of the company. In the company management, the role of Directors is threefold. Via (a) as the agents of the company (b) as the trustees of the company and (c) as the managing partners.
(2) The directors occupy a key (important) position in the management of the company. They are responsible for decision making. Framing policies and plans. They exercise their powers and authorities collectively as a Board. They sometimes do not remain in the company’ office. So they ask for the information from the secretary, which helps them to make proper decisions.
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RELATED QUESTIONS
Select the correct answer from the option given below and rewrite the statement:
The notice of the meeting of the Board of Directors must be accompanied by __________.
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The Directors take decisions at ______ meeting.
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Every company except CFO and the small company shall hold minimum ______ Board Meetings in each year.
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An elected body of representatives of Shareholders.
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Directors act as trustees of the company.
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Director can take decisions individually.
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| Group A | Group B |
| Notice of board meeting | _______________ |
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The elected representatives of the shareholders are called as _________
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Draft the notice and agenda of routing board meeting.
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The Board of Directors are the elected representatives of the shareholders.
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Directors exercise their powers and authorities collectively as a Board.
Answer in brief:
What are the points to be considered by a secretary while corresponding with the directors?
Explain the following term/concept:
Politeness
Explain the following term/concept:
Conciseness
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Board of Directors.
Answer in one sentence:
When does a Director vacate his office due to absenteeism at Board Meeting?
