Strategic Direction:Directors guide the company's overall strategy and make key decisions that shape its future.
Governance and Oversight:They ensure the company is managed effectively and ethically, monitoring performance and ensuring compliance with laws and regulations.
Decision-Making:Directors participate in important decisions related to the company's operations, finances, and other critical areas.
Fiduciary Duty:Directors have a legal and ethical obligation to act in the best interests of the company and its shareholders.
Compliance:They are responsible for ensuring the company adheres to all relevant laws, regulations, and internal policies.
Risk Management:Directors help identify and manage potential risks to the company.
Financial Oversight:They oversee the company's financial performance, ensuring accurate record-keeping and reporting.
Stakeholder Relations:Directors may also be involved in building and maintaining relationships with key stakeholders, such as investors, customers, and employees.