Add Director
A Company Director is a key individual elected by shareholders to manage and oversee business operations in accordance with the Memorandum of Association (MOA) and Articles of Association (AOA). Since a company functions through human agency, directors collectively form the Board, ensuring smooth governance and strategic decision-making. Based on shareholder requirements, new directors may be appointed periodically to strengthen leadership and drive business growth.
In the Companies Act of 2013, a 'Director' is defined as an individual appointed to a company's Board. This Board, elected by the company's shareholders, is responsible for overseeing the company's operations. Given that a company is a legal entity, it can only function through the actions of individuals. Thus, Directors serve as the primary agents through whom the company operates. The Board of Directors is the governing body entrusted with managing a company's operations.
In broader terms, a Director is an individual responsible for overseeing, managing, and guiding a company’s affairs. Elected by shareholders, they steer the company’s direction, ensuring compliance with legal mandates while leading and managing the organization’s activities.
A Managing Director holds their position based on the company's Articles of Association, an agreement, or a resolution passed either in a general meeting or by the Board of Directors. The Board of Directors carries significant authority over the company's management affairs.
An Executive Director or Full-time Director is an individual employed on a full-time basis by the company.
A Regular Director is a board member who attends company Board meetings and engages in discussions and decisions presented to the Board of Directors. They do not hold full-time or managerial roles within the company.
