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Board of Directors

Board of Directors

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Published by ebistonjoe

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Published by: ebistonjoe on Aug 08, 2009
Copyright:Attribution Non-commercial

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10/23/2010

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Board of Directors
The management of aCompany 
 
2
The need for Directors
 A company even though in the eyes of law isconsidered to be an
artificial person
, it can actonly through
human agency 
, so there is a needfor directors.The relationship between the company and itsdirector is merely the relationship between a
principal
and an
agent
.The persons who are in charge of themanagement of affairs of a company arecollectively called
Board of Directors.
Board of Directors
 
3
Who are the Directors?
The person who occupies the position of directorand the one who does the functions of a directoris called a director (even though the company may have some other name to that person or position).Functions of a Director:
DirectionConductManagement andSuperintendence(Only a human person can be a Director and nocorporate body or association or firm can be.)
Board of Directors

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