Discuss the powers and duties of Directors and Company Secretary
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Discuss the powers and duties of Directors and Company Secretary
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- What is the role of the board of directors in a corporation?Recommend the governance strategies the board of directors can put in place to remedy thesituation in the company.Describe the differences between a sole proprietorship, a partnership, and a corporation as business entities, including their advantages and disadvantages from a legal perspective.
- What are the advantages and disadvantages of having an active board of directors? Who should sit on the board, and what should the founders expect the directors to do?How has Company law defined the scope and extent of a director’s duties?Do corporate shareholders have an obligation to make certain that their business corporation acts in an ethical and proper manner in conducting business
- What are the duties of a Company Secretary? What is a Company?"The Board has adopted Corporate Governance Policies to ensure that the Board has the necessary authority and processes in place to review and evaluate our business operations as needed and to make decisions that are independent of our management. These policies include practices the Board follows with respect to its composition and selection, regular evaluations of the Board and its committees, Board meetings and involvement of senior management, senior management performance evaluation, and Board committees and compensation" Is a member of senior management present at all full Board and Board Committee meetings? Group of answer choices a) Yes b) It depends c) NoWho has the right to elect the Board of Directors? a. The common shareholders b. The preferred shareholders c. The officers of the corporation d. All shareholders