Companies Intro

Question 1

What is the role of a director?

Answer 1

Deal with day - to-day management of company
- Run business on behalf of shareholders
- appointed on incorporation (or after)
- Majority or unanimous decision-making
-They hold board meetings (meetings of board of directors)

Question 2

What is the role of Members/shareholders?

Answer 2

• Owners of the company
• become members by way of allotment or share transfer
• Certain matters reserved for them to decide and vote on
• Voting power determined by proportion of shares held.
• Hold General meetings