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Discuss the role and responsibilities of company directors and auditors under the companies Act in Malaysia?
discuss the role and responsibilities of company directors and auditors under the companies Act in Malaysia
What has the author Ch Suryanarayana Rao written?
Ch Suryanarayana Rao has written: 'Role of directors in company law' -- subject(s): Directors of corporations
What are the directors' role as business administrators within a company?
Policy maker, decision maker and Oversight
What is the Role of personnel director in an organization?
The role will vary from company to company. Many of the personnel directors in an organization will be in charge of all personnel of the company and handle things such as hiring and paying the employees.?æ
Do the directors or shareholders own the company?
Shareholders own the company as they hold shares representing their ownership stakes. Directors, on the other hand, are appointed to manage the company's operations and make decisions on behalf of the shareholders. While directors may also be shareholders, their role is primarily to oversee the company's management rather than to own it. In summary, shareholders are the owners, while directors are responsible for governance and management.
Who is nominee directors?
A nominee director of a company is appointed to ensure that the affairs of the company are conducted as dictated by the law governing company and to ensure good corporate governance. A nominee director represents a law governing company and he ensures the interests of the company he represents.Nominee directors don't have much active role in a company. The nominee director would normally charge for the services of putting his name to an organization. Nominee directors share the same level of responsibilities as do normal directors.
Can a subsidiary company have a separate board of directors from the parent company?
A subsidiary company definitely can have its board of directors, and practically, it usually have. Basically its parent company who appoints directors in board of directors of subsidiary companies. Day to day matters of the subsidiary company cannot be run by parent company's board of directors, so it is necessary for a subsidiary to have its own board of directors which ultimately reports to parent company's board of directors.
How are directors paid?
Directors of a company are usually paid based on the contract that they signed with the company.
When was Australian Institute of Company Directors created?
Australian Institute of Company Directors was created in 1990.
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.
What are the minimum and maximum number of directors in a private company?
The minimum number of Directors in Private Company is 2 Maximum number of Directors is As the number of Members in that Company
Is the directors of the company are members?
Yes, directors of a company can also be members, especially in small or private companies where the directors are often the shareholders. However, in larger public companies, directors may not necessarily be members or shareholders. The relationship between directors and members depends on the company's structure and governance. Generally, members are those who own shares, while directors are responsible for managing the company.
