Business Terms and Jargon Explained
What is DirectorsThe officers and executives of a company who are responsible to the shareholders, courts, tax authorities, etc for running the limited company. The shareholders appoint them to office and can elect to remove them in accordance with law and their contract. Third parties, including shareholders, may sue directors in various circumstances as the directors have responsibility and authority over the limited company's administration and operations.
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Term created / updated 2005-07-16 23:12:15
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