Mention the Rights, Responsibilities and Functions of the board of directors of a limited company (2009): For many private limited companies, the shareholders of the company are often involved in the daily operations and management of the company, and therefore, usually appoint themselves to be the directors of the company. Rights of Director: Responsibilities of Directors: a. Ensuring correct management of the enterprise,; b. Arranging the preparation of annual accounts, and as appropriate, the audit of same,; c. Ensuring no liability is incurred beyond the ability of the company to discharge same,; d. The employment and efficient supervision of staff.; e. Comply with restriction, limitation or prohibition of a private limited company.
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