A "Managing Director " means a Director who, by virtue of Articles of Association of a Company or an agreement with the company or a resolution passed in its general meeting, or by its Board of Directors, is entrusted with substantial powers of management of affairs of the company. Learn about the different meanings and uses of the term director in business contexts, such as managing director , executive director , and company director . Find out how directors are appointed, structured, and responsible for various functions and areas of a company or organization. CS S. Dhanapal Who is a Director ? An appointed or elected member of the board of directors of a company. He has the responsibility for determining and implementing the company’s policy. A company director need not -to be a shareholder or -an employee, and -may hold only the office of director under the provisions of the Act. Directors derive their powers emanating from board resolutions Unlike shareholders, directors cannot participate through proxy. Unlike employees, cannot absolve ...
