-
Date:
4 Jan 2011
Directors govern companies on behalf of the shareholder who elect them. All directors must comply with basic legal requirements under the Corporations Act 2001 which specifies four main duties for directors with a number of other areas of key respons...
-
Date:
4 Jan 2011
The chair acts as an important link between the board and the CEO/company. The role of the chair is not defined in the Corporations Act 2001. Thus many functions of the chair are customary rather than formalised by law. This Q&A outlines the role...
-
Date:
4 Jan 2011
Every company must have at least one director and public companies must have at least three directors. Collectively, the directors are known as the Board of Directors and the Board of Directors acts on behalf of shareholders in supervising the co...
-
Date:
4 Jan 2011
The CEO is the more senior executive in the organisation. The Managing Director is also the most senior executive but sits on the Board of Directors as well. This Q&A outlines the main aspects of the MD's/CEO's role and the differences betwee...
-
Date:
4 Jan 2011
A non-executive director is a one who is not employed by the organisation in an executive capacity. All directors, whether executive or non-executive, must comply with basic legal requirements under the Corporations Act 2001. This Q&A describes t...
-
Date:
4 Jan 2011
Executive Directors are employees of the company as well as being a member of the Board. On top of their full time executive position, they are appointed by the Board. At law they have the same duties and responsibilities as other Directors. This...
-
Date:
4 Jan 2011
The boards of larger organisations often establish committees of directors to deal with complex or specialised issues and to use directors’ time more efficiently. Committees make recommendations for action to the full board, which retains collect...
-
Date:
4 Jan 2011
Company secretaries traditionally have had the role of administering the affairs of the company and the business of the board. This role has now expanded to include an involvement with corporate governance policies and practices within the company. T...
-
Date:
4 Jan 2011
Directors are known by a variety of names but they all have the same duties and responsibilities regardless of their title. In this Q&A we run through the roles of several types of directors including alternate director, chairman, de facto di...
-
Date:
4 Jan 2011
The rights of company directors centre on enabling them effectively to perform their duties. Rights are set down in either a company’s constitution or in the Corporations Act 2001’s replaceable rules. This Q&A outlines these directors' rights, in...