Shareholder vote (or appointment if there is only one shareholder).
The Directors control a public limited company. Directors are appointed by Shareholders in AGM.
The first auditor of a company is typically appointed by the Board of Directors within 30 days of the company's incorporation. If the Board fails to appoint an auditor, the shareholders can appoint one at an extraordinary general meeting. The appointed auditor holds office until the conclusion of the first annual general meeting, where a permanent auditor is appointed. This process ensures that the company has a designated auditor from the outset to oversee financial compliance.
They are APPOINTED by the Chairman of the Board of Directors. They can also be ELECTED by a vote of the BOD itself, or majority vote of the stockholders of the corporation.
The directors of independent agencies are appointed by the president with the help of the Senate
The directors of independent agencies are appointed by the president with the help of the Senate
board of directors
after the company's first directors have been appointed, it may be necessary to make new appointments either to fill the vacancy when the director vacates office or to increase the size of the board by appointing one or more additional directors. The members of a company appoints a person by ordinary resolution to be a director. Theseus Exploration NL v Mining & Associates Industries Ltd 1973
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.
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.
after the company's first directors have been appointed, it may be necessary to make new appointments either to fill the vacancy when the director vacates office or to increase the size of the board by appointing one or more additional directors. The members of a company appoints a person by ordinary resolution to be a director. Theseus Exploration NL v Mining & Associates Industries Ltd 1973
the board of directors
Amtrak is governed by a nine-member Board of Directors, which includes the U.S. Secretary of Transportation, the company's CEO, and other members appointed by the president and confirmed by the Senate. The day-to-day operations are overseen by the CEO, who is appointed by the Board of Directors.