Question

Write short answer on the Role of the directors.

Answer 1

the board of directors is appointed to act on the behalf of the shareholders to run the day to day affairs of the business.

The roles of directors include:

1.Determination of the company's vision and mission to guide and set the pace for its current operations and future development.

2.Determination of the values to be promoted throughout the company.

3.Determine the business strategies and plans that underpin the corporate strategy.

4.Ensure the company's organisational structure and capacity are appropriate for implementing the chosen strategies.

5.Delegate authority to the management and monitor and evaluate the implementation of policies ,strategies and business plan.

6.Determining monitoring criteria's to be used by the board.

7.Ensure that communications both to and from shareholders.

8.Promote the goodwill and support of shareholders and relevant stakeholders.