What is the legal position of a director of a company?

(1) Directors as agents.qA company, as an artificial person, acts through directors who are elected representatives of the shareholders. They are, in the eyes of the law, agents of the company for which they act (2) Directors as employees.(3) Directors as officers. The directors are treated as officers of the company. As such they are liable to certain penalties if the provisions of the companies act are not strictly complied with.

Directors as trustees. Directors are treated as trustees. Of the company's money and property ; and of the powers entrusted to them.