Search results
Results from the WOW.Com Content Network
A court may, and under section 6 shall, make against a person a disqualification order, for a period specified in the order, providing that: he shall not be a director of a company, act as receiver of a company’s property or in any way, whether directly or indirectly, be concerned or take part in the promotion, formation or management of a company unless (in each case) he has the leave of ...
Board of directors makeup and mandate, including the role of non-executive directors and guidance on the categories of people who should make up the non-executive directors; Appointments to the board and guidance on the maximum term for executive directors; Determination and disclosure of executive and non-executive director's remuneration
But s. 214(7) provides that in the section ‘director’ includes a shadow director. A shadow director is defined in s. 251 of the Insolvency Act 1986 in these terms: ‘“Shadow director”, in relation to a company, means a person in accordance with whose directions or instructions the directors of the company are accustomed to act …’
Business leaders seem resigned to a Trump win, according to reports from Davos. If they’re right, and if history is a guide, executives can expect today’s already-tense culture wars to ramp up.
Non-executive directors are expected to outnumber executive directors and hold key posts, including audit and compensation committees. In the United Kingdom, the CEO generally does not also serve as chairman of the board, whereas in the US having the dual role has been the norm, despite major misgivings regarding the effect on corporate ...
As artificial persons, companies can only act through human agents. The main agent who deals with the company's management and business is the board of directors, but in many jurisdictions other officers can be appointed too. The board of directors is normally elected by the members, and the other officers are normally appointed by the board.
The business judgment rule is a case-law-derived doctrine in corporations law that courts defer to the business judgment of corporate executives. It is rooted in the principle that the "directors of a corporation ... are clothed with [the] presumption, which the law accords to them, of being [motivated] in their conduct by a bona fides regard for the interests of the corporation whose affairs ...
Meanwhile, the percentage of those directors who believe their own board is racially diverse has also declined from 90% in 2021 to 81% in 2023, according to the company's survey of 165 Black, and ...