- Description
- Specifications
Many small/medium enterprises are operated by companies. Companies need Directors. This paper analyses the corporate governance issues which affect companies. Key people are Directors. Directors are the people expected by the law to administer the Company. Every company must have at least one Director. For a Proprietary Company one Director is required and for a Public Company three Directors. The control of a Company is normally given to the Directors through the Constitution. The Directors are able to delegate their responsibilities through the employment of management personnel to manage various aspects of the business.
The Directors need to ensure that adequate consideration has been given to the appointment of appropriately qualified and experienced persons to manage key aspects of the business.
The paper analyses corporate governance issues over five pages, under the following headings:
- What Is A Director?
- Director’s Duties And Responsibilities
- Act Diligently And Honestly
- Directors’ Due Diligence Requirements
- Persons Prohibited From Being Directors
- Use Of Information
- Insolvent Trading
- Financial Difficulties
- Director’s Check List
- Minutes Of Meetings
- Copies Of Board Reports
- Director’s Own Notes/Record Of Meetings
- Director’s Diligence