Definition of Director? Who is Director? Who is called Director? Meaning of Director?

Directors: The responsibility for managing a company generally lies with the company’s Board of Directors (“the Board”). The members of the Board may also be members and / or employees of the company.

In larger companies, however, it is common for some of the Board members not to be employees of the company. Board members have onerous duties towards the company. These include the duty to act honestly, the duty to act with reasonable care, skill and diligence in the conduct of the company’s affairs, the duty to avoid conflicts of interest and the duty to act in the best interests of the company generally.