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Directors' duties are a series of statutory, common law and equitable obligations owed primarily by members of the board of directors to the corporation that employs them. It is a central part of corporate law and corporate governance .
A board of directors is an executive committee that supervises the activities of a business, a nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws ...
These terms are generally mutually exclusive and refer to distinct legal duties and responsibilities. [11] The CEO is the highest-ranking executive in a company, making corporate decisions, managing operations, allocating resources, and serving as the main point of communication between the board of directors and the company. [12] [13]
A person holding a "directorship" in a legal sense, who has specific legal duties and responsibilities for management of the company which they have been appointed to the board of. Within companies that use this term in the latter (American English) sense it would be normal to have directors spread throughout different business functions or ...
The artistic director of a performing dance company is similar to the musical director of an orchestra, the primary person responsible for planning a company's season. The artistic director's responsibilities can include (but are not limited to) choosing the material staged in a season, hiring creative/production personnel (such as directors), and other theatre management tasks.
Executive director is commonly the title of the chief executive officer (CEO) of a non-profit organization, government agency or international organization. The title is widely used in North American and European not-for-profit organizations, though in the United States many have adopted the title ' president ' or CEO.
A film director is a person who controls a film's artistic and dramatic aspects and visualizes the screenplay (or script) while guiding the film crew and actors in the fulfillment of that vision. The director has a key role in choosing the cast members, production design and all the creative aspects of filmmaking in cooperation with the ...
A board of directors is exposed to a variety of legislated liabilities, fiduciary and other duties. Responsibilities include unpaid wages, unpaid taxes, environmental damage, etc. By subjecting directors to such liabilities and fiduciary, directors are forced to make decisions and establish policies in a way that minimizes risks.
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