The directors at the individuals who are generally elected by the company’s shareholders in order to manage, conduct, supervise, or direct the company’s regular affairs. The directors can be persons as well as a corporate body. They have the responsibility of implementing the business’s policy.
As per the Companies Act 2006, the company directors do not have to be a shareholder or the company’s employee. All the directors should act honestly and lawfully and always make decisions that will be beneficial for the company as well as for the members. Some statutory duties of a company director as per the Companies Act 2006 are:
• To promote the company’s success.
• To operate within the power granted in the AOA-Article Of Association and MOA- Memorandum of Association of the company.
• To prevent or declare the conflict of the interest
• To carry out independent judgment while takin decision and more
Besides, there are some management duties that a company director must perform.
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