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What are the directors powers, duties and responsibilities?

April 26, 2017Directors powers responsibilities

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What are the directors powers, duties and responsibilities?

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The directors are responsible for the management of the company. While their powers can be restricted by the company’s articles they can in most cases can do anything that the company can do. With these powers come responsibilities. Since the directors can act as and for the company, they must ensure that the company does everything that is is obliged to do by law and that the decisions they make are in the best interests of the company (i.e. the shareholders as a whole).