Director Duties

DIRECTOR DUTIES
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TABLE OF CONTENTS
MAIN BODY...................................................................................................................................3
REFERENCES................................................................................................................................7
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MAIN BODY
1. Director
Director is basically the agents within the company which are being appointed by the
shareholders of the organization to manage and control the various activities and daily affairs.
Thus, in short directors are generally the in charge of company's management where they are
responsible for making the strategic as well as operational decisions of the company. They are
held accountable and are mainly responsible for making sure that company is meeting the
statutory obligations. Hence, they are the main part of any organization who are basically
responsible for accomplishing the goals and objectives of company (Donner, 2016).
2. What does director do
The main responsibility of director of any company is to mange and oversee the various
external affairs of the company and controlling the tasks of other staff. The main responsibility
of the director within organization is to control the overall management of business and thus
comply to the numerous statuary obligations. The directors participate in variety of board
meetings to reach a consensus and to establish the strategic direction for company. Directors act
as the main link and thus delegate some powers to the individuals.
3 Where director's duties codified
The duties of the directors are generally codified in and listed i ss 170-177 companies act
2006.
4 Content of s 175(1) CA 2006
As per the companies act 2006, the directors of the company are required to avoid and
prevent any form of scenario or a situation within which they have direct or indirect interest and
thus which results in the creation of conflict or dispute. The scope and nature of s 175(1) is
highly broad and thus covers potential as well as actual conflicts of interest. In short, Within this
ss of 175(1), directors are held responsible for any kind of conflict which arise in the
organization and within which they are directly as well as indirectly involved (Eaton and
Tumelty, 2017).
5 Liability of director
The liability of directors are being triggers for breach of the s 175 in three of the
situations
Without any inquiry into the circumstances
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