What are the duties of a director?

1.	What are the duties of a director?
Answer» Directors act as agents of the shareholders and act as trustees of shareholders. The following are the duties of directors: Collective Duties of Directors: Directors as a part of Board perform certain duties collectively. The duties are as follows: Approval of annual accounts and authentication of annual accounts Appointment of First Auditors Passing of resolutions at board meetings Directors report to shareholders highlighting the performance of the company. General duties of Directors: Delegating power to any committee Issuing instructions to employees for implementation of policy Appointing their subordinates like Managing director, Manager, Secretary and other employees Act in Good faith in order to promote the objectives of the company

Answer»

Directors act as agents of the shareholders and act as trustees of shareholders.

The following are the duties of directors:

Collective Duties of Directors: Directors as a part of Board perform certain duties collectively.

The duties are as follows:

Approval of annual accounts and authentication of annual accounts
Appointment of First Auditors
Passing of resolutions at board meetings
Directors report to shareholders highlighting the performance of the company.

General duties of Directors:

Delegating power to any committee
Issuing instructions to employees for implementation of policy
Appointing their subordinates like Managing director, Manager, Secretary and other employees
Act in Good faith in order to promote the objectives of the company

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What are the duties of a director?

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