Making Decisions: Directors help make major decisions about the company’s direction, strategy, and overall management.
Legal Compliance: They m..
Making Decisions: Directors help make major decisions about the company’s direction, strategy, and overall management.
Legal Compliance: They must ensure the company follows all laws, regulations, and rules, including tax and employment laws.
Financial Oversight: Directors are responsible for overseeing the company’s finances, making sure it remains solvent, and avoiding risky financial practices.
Protecting Interests: They need to act in the best interest of the company, its shareholders, employees, and other stakeholders.
Risk Management: Directors must identify and manage risks to the business, including financial, legal, and operational risks.
Reporting: Directors are accountable for reporting to shareholders and other stakeholders, keeping them informed about the company’s performance.
