Directors responsibilities

A director is appointed or elected to be a member of the board of a company, who with other directors, has the responsibility for determining and implementing the company’s policy. A company director does not have to be a stockholder (shareholder) or an employee of the firm and may only hold the office of director.

A director’s duties can include:

• Determining and implementing policies and making decisions.
• Preparing and filing statutory documents with the Companies Office or other agencies.
• Calling meetings, including an annual meeting.
• Maintaining and keeping records.
• Entering the company into contracts with suppliers, lenders and others.