Appreciating the Duties of a Director of a Listed Company
17 Pages Posted: 13 Oct 2022
Date Written: July 4, 2022
Abstract
A company is a legal entity run by people who are basically representing the business and socio-economic interests of other people. There are shareholders who own the company in shares, there are stakeholders whose business interests the company promotes, there are directors saddled with the responsibility of steering the company’s day to day activities aright, there are also creditors, suppliers and clients. As lawful agents of a listed company, authorized to act on behalf of the company, directors owe the company a set of duties and responsibilities. This paper examines those duties as enshrined in the Companies Act 2022 vis-à-vis what they are and what they mean for director to company relations, and director to director relations.
Keywords: Duty, Director, Listed Company, Duties of a Director
JEL Classification: K, L, L2, M, M12, Y
Suggested Citation: Suggested Citation