Professional Documents
Culture Documents
Powers of Directors
Sources of Power
By and large, absolute powers vest in the
directors
The issue of collective and individual powers
Executive Directors
Non-executive Directors
Members of Board Committees
Sources of Power
Companies Act
Table A
Borrowing Powers
Duties of Directors
Statutory Duties
Delegation of Duties
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Directors Liability
Employees
Except for explicit reasons, directors have no
duty to outsiders.
Irregular contracts may be binding on the
company if outsider acts in good faith.
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Types of Directors
Executive / Non-executive
De facto director
Shadow director
Alternate director
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Shareholders Powers
Voting power
Cumulative voting rights
Matters covered by voting:
Thank you
Dr Safdar A Butt
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