11th Com Secretarial Practices Chapter 6 (Digest) Maharashtra state board

Chapter 6 Directors and Key Managerial personnel of a company

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Directors of a company are individuals elected or appointed to oversee the management and strategic direction of the company. They are typically elected by the shareholders and are responsible for making important decisions about the company's operations, finances, and overall direction.

Directors have a fiduciary duty to act in the best interests of the company and its shareholders.

They are accountable for ensuring the company complies with relevant laws and regulations and often play a key role in setting corporate policies and goals.

Depending on the company's structure and governance practices, directors may include executive directors who are also involved in the day-to-day operations of the company, as well as non-executive directors who provide independent oversight and strategic guidance.