Hello All:
I have been informed that we cannot offer the designation of 'Director xyz' to anyone unless the person is on the 'Board of Directors'. Is this true? If yes, please provide the legal document to support it.
We have staff members to promote to the 'Director' level, but they will not be part of the Board of Directors. However, my head of finance states that we should not designate anyone as a Director unless they are among the Board of Directors.
Please assist me with this issue.
Thank you.
Satya
From India, Hyderabad
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10I have been informed that we cannot offer the designation of 'Director xyz' to anyone unless the person is on the 'Board of Directors'. Is this true? If yes, please provide the legal document to support it.
We have staff members to promote to the 'Director' level, but they will not be part of the Board of Directors. However, my head of finance states that we should not designate anyone as a Director unless they are among the Board of Directors.
Please assist me with this issue.
Thank you.
Satya
From India, Hyderabad
Acknowledge(0)Amend(0)
A person can be a director even though he may not be a member of the board of directors. Please check the banking industry for a live example. For more clarity, please refer to the Company Law for statutory backup. You will find all the details you are looking for within the Company Law. You can access the Company Law bare act at www.vakilno1.com.
From India, Mumbai
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From India, Mumbai
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
FACTORY MANAGER MINUTES OF MEETING OF BOARD OF DIRECTORS OF 1.doc
Company Profile Letter - Global Risk Management Services.pdf