Directors' role and corporate governance

Bhati, Abhishek (2006) Directors' role and corporate governance. TMC Academic Journal, 1 (1). pp. 51-55.

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Abstract

As shareholders representatives, board of directors need to act in the best interest of the company. In doing so the directors must at all times act honestly and use reasonable diligence in the discharge of his duties. The director needs to fulfill a set of Fiduciary, Statutory and duties of care and diligence to ensure safeguard of company's interest. Recent corporate scandals have broadened directors' responsibility to corporate governance and transparency. No company is exempt from the need to maintain good corporate governance standards. This article explores the scope of director's role and responsibilities to accomplish the above. The article highlights the basic role of directors in a corporation.

Item ID: 22585
Item Type: Article (Refereed Research - C1)
ISSN: 1793-6020
Date Deposited: 26 Oct 2012 03:47
FoR Codes: 15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1503 Business and Management > 150303 Corporate Governance and Stakeholder Engagement @ 100%
SEO Codes: 97 EXPANDING KNOWLEDGE > 970115 Expanding Knowledge in Commerce, Management, Tourism and Services @ 100%
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