MANAGEMENT

Detailed explanation-1: -Directors’ powers Although the board has the power to make all decisions on behalf of its corporation, many business decisions are actually made by the corporation’s officers. The board of directors is, however, responsible for making certain major decisions.

Detailed explanation-2: -Corporate Directors oversee the affairs of the corporation in order to protect the interests of the shareholders. Corporate Directors act as a group, called a Board of Directors. Formalizing a Board of Directors is one of the first tasks when starting a corporation.

Detailed explanation-3: -The shareholders make decisions as owners, and the directors make decisions as the managers of the company. When setting up a company, it is often the case that the initial members (shareholders) and directors are friendly and anticipate no issues with making decisions within their company.

Detailed explanation-4: -The Board of Directors supervises and controls the management and operations of the company. The duty of the Board is to promote the interests of shareholders and the Group by overseeing the administration and proper organization of operations.