Roles and Responsibilities of Directors in Corporations
All corporations must have a director. Private companies have one director while public companies have a minimum of two directors. The need for a director is widely justified by the fact that corporations act as artificial legal units which cannot function by themselves. In most instances, they require other people to act on their behalf. According to company law, directors play the important role of managing the company’s affairs on behalf of the owners (Baxt, 2016). According to section 250 CA 2006 of the Company Act, directors include individuals who occupy the director’s position in whatever name. ...