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What are the directors' role as business administrators within a company?
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∙ 14y ago
Policy maker, decision maker and Oversight
Wiki User
∙ 14y ago
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What is a managerial meeting?
A meeting within a business or company where the managers meet to discuss operations and policies.
Are managers and experts within the assessable unit?
Assessable unit administrators are managers and experts within the Assessable Unit
What are the differences between intrapreneur and extrapreneur?
An extrapreneur creates a company; an intrapreneur creates an organization within an existing organization, or simply develops business of an existing company.
Can a company increase its maximum number of directors in its board?
A company, at a general meeting may, by ordinary resolution, increase or reduce the number of its directors within the limits fixed in that behalf by its articles.Increase in number of directors to require Government sanctionIn the case of a public company, or a private company which is a subsidiary of a public company, any increase in the number of its directors, beyond the maximum number of directors permitted by the Articles of the Company as first registered, shall not have any effect unless approved by the Central Government and shall become void if, and in so far as, it is disapproved by that Government.However, where such permissible maximum is 12 or less, no approval of the Central Government is required provided the increase does not increase the number of directors beyond 12.Additional directorsThe Board of directors may appoint additional directors if such power is conferred on it by the articles of the company. Such additional directors shall hold office only up to the date of the next annual general meeting of the company.Provided further that the number of the directors and additional directors together shall not exceed the maximum strength fixed for the Board by the articles.Filling of casual vacancies among directorsIn the case of a public company or a private company which is a subsidiary of a public company, if the office of any director appointed by the company in general meeting is vacated before his term of office will expire in the normal course, the resulting casual vacancy may, in default of and subject to any regulations in the articles of the company, be filled by the Board of directors at a meeting of the Board.Any person so appointed shall hold office only up to the date up to which the director in whose place he is appointed would have held office if it had not been vacated as aforesaid.Appointment and term of office of alternate directorThe Board of directors of a company may, if so authorised by its articles or by a resolution passed by the company in general meeting, appoint an alternate director to act for a director during his absence for a period of not less than three months from the State in which meetings of the Board are ordinarily held.An alternate director so appointed shall not hold office for a period longer than the period for which the original director hold office and vacate office if and when the original director returns to the State in which meetings of the Board are ordinarily held.Appointment of directors to be voted on individuallyAt a general meeting of public company or of a private company which is a subsidiary of a public company, each director has to be appointed separately by a separate resolution. However, appointment of more than one director through the same resolution will be valid if it has been passed unanimously. A resolution moved in contravention of the aforesaid provision shall be void, whether or not objection was taken at the time to its being so moved:Consent of candidate for directorship to be filled with RegistrarA person shall not act as director of a company unless he has, by himself or by his agent authorised in writing, signed and filed with the Registrar, a consent in writing to act as such director within 30 days of his appointment. This provision shall not apply to a private company unless it is a subsidiary of a public company.Option to company to adopt proportional representation for the appointment of directorsIf the articles of a company provide for the appointment of not less than two-thirds of the total number of the directors of a public company or of a private company which is a subsidiary of a public company, according to the principle of proportional, representation, whether by the single transferable vote or by a system of cumulative voting or otherwise. Such appointments may be made once in every three years and interim casual vacancies being filled by the Board of Directors as Casual Vacancies. This may enable minority shareholders to have a proportional representation on the Board of Directors of the company.
Can a company increase its maximum number of directors on its board?
A company, at a general meeting may, by ordinary resolution, increase or reduce the number of its directors within the limits fixed in that behalf by its articles. Increase in number of directors to require Government sanctionIn the case of a public company, or a private company which is a subsidiary of a public company, any increase in the number of its directors, beyond the maximum number of directors permitted by the Articles of the Company as first registered, shall not have any effect unless approved by the Central Government and shall become void if, and in so far as, it is disapproved by that Government. However, where such permissible maximum is 12 or less, no approval of the Central Government is required provided the increase does not increase the number of directors beyond 12. Additional directorsThe Board of directors may appoint additional directors if such power is conferred on it by the articles of the company. Such additional directors shall hold office only up to the date of the next annual general meeting of the company. Provided further that the number of the directors and additional directors together shall not exceed the maximum strength fixed for the Board by the articles. Filling of casual vacancies among directorsIn the case of a public company or a private company which is a subsidiary of a public company, if the office of any director appointed by the company in general meeting is vacated before his term of office will expire in the normal course, the resulting casual vacancy may, in default of and subject to any regulations in the articles of the company, be filled by the Board of directors at a meeting of the Board. Any person so appointed shall hold office only up to the date up to which the director in whose place he is appointed would have held office if it had not been vacated as aforesaid. Appointment and term of office of alternate directorThe Board of directors of a company may, if so authorised by its articles or by a resolution passed by the company in general meeting, appoint an alternate director to act for a director during his absence for a period of not less than three months from the State in which meetings of the Board are ordinarily held. An alternate director so appointed shall not hold office for a period longer than the period for which the original director hold office and vacate office if and when the original director returns to the State in which meetings of the Board are ordinarily held. Appointment of directors to be voted on individuallyAt a general meeting of public company or of a private company which is a subsidiary of a public company, each director has to be appointed separately by a separate resolution. However, appointment of more than one director through the same resolution will be valid if it has been passed unanimously. A resolution moved in contravention of the aforesaid provision shall be void, whether or not objection was taken at the time to its being so moved: Consent of candidate for directorship to be filled with RegistrarA person shall not act as director of a company unless he has, by himself or by his agent authorised in writing, signed and filed with the Registrar, a consent in writing to act as such director within 30 days of his appointment. This provision shall not apply to a private company unless it is a subsidiary of a public company. Option to company to adopt proportional representation for the appointment of directorsIf the articles of a company provide for the appointment of not less than two-thirds of the total number of the directors of a public company or of a private company which is a subsidiary of a public company, according to the principle of proportional, representation, whether by the single transferable vote or by a system of cumulative voting or otherwise. Such appointments may be made once in every three years and interim casual vacancies being filled by the Board of Directors as Casual Vacancies. This may enable minority shareholders to have a proportional representation on the Board of Directors of the company.
What kind of documents are articles of association?
They are documents that outline the tasks a board of directors should undertake within a company. Additionally they outline the type of business the company should practice and outline the control shareholders have over the board of directors.
What role do company directors provide?
Company directors have many roles within a company. They arrange board meetings and as well once a year there must be an annual general meeting at which the directors provide full financial and related information to their shareholders on the performance of the company.
What is the Role of a CEO?
CEO stands for;Chief Exectutive Officer.This is the highest ranking authority within the company and is responsible to managing all the functions within the company.The CEO along with the company directors are responsible for strategic planning which involving planning for the entire company including it's operational functions and business units.These individuals manage the company and ensure that they deliver the best and maximum shareholder value.
What is meant by domestic business environment?
"Domestic" refers to business within a company's home country.
What is the definition of a business oriented organization?
If you're talking about a businesses organisational structure then your answer is... An organisational structure of a business is where the employers within the business/organisation are in seperate parts of the business scale due to what responsibility they have. For example, Specsavers... Specsavers have a Optometrist director and a Retail director who are both top of the scale and share the same authorities. There are then lower employees within the business who don't have so much responsibility. An organisational structure should have a chairman and board directors. Also a company secretary.
Who elects for the leader of the executive branch?
That depends on the company or organization. IN a publicly held corporation, the CEO is generally selected by the Board of Directors, and the Board is generally elected by stockholders of the company. In a privately owned company, the CEO is selected by the owner(s) of the company. In governmental organizations, the selection process is defined in the law that constituted the organization. For the United States of America, the process is defined in the Constitution.
Who does the CEO report to?
The CEO typically reports to the board of directors. The board is responsible for appointing and overseeing the CEO, ensuring that the company is being managed effectively and in the best interests of shareholders.
What is the difference between domestic and nondomestic company?
A domestic company is a company that conducts business within its own home country. A non-domestic company is a company that conducts business outside of its home country.
Business Legal Advisor?
A business legal advisor is a person either employed within a company or retained on a contingent basis to provide a company with advice on various legal issues. A business legal advisor can help a business deal both with problems posed by litigation and with strategic moves that will allow the company to stay within the law.
Does a business card have to be authorised for distribution?
No, not unless there is a rule within a company. You can make any business card you want for yourself.
What are 4 examples of stakeholders at a night club?
Any employee within a company that has a vested interest in the company is an internal stakeholder. This primarily includes shareholders which can include the CEO, the board of directors, middle-managers and employees.
What is a SBU?
SBU stands for Strategic Business Unit, which is an independent unit within a larger company with its own business strategy and objectives.
