MANAGEMENT

Detailed explanation-1: -Board members of public companies are required to maintain transparency with the list of shareholders regarding its business condition and operations.

Detailed explanation-2: -The shareholders, as owners of shares in the company, have the legal right and obligation to appoint a board of directors to oversee the company. Those directors, in turn, have a legal obligation to act in the company’s best interests and can be held personally liable by the courts if they do not do so.

Detailed explanation-3: -A director is a person appointed to perform the duties and functions of director of a company in accordance with the provisions of the Companies Act, 2013. company are termed as directors. They are collectively known as Board of Directors or the Board. The directors are the brain of a company.

Detailed explanation-4: -As a consequence of the nature of a company, being a lifeless corporate entity, human intervention is required to direct its actions and therefore determine its identity. The directors are entrusted by the shareholders of the company with the ultimate responsibility for the functioning of the company.