Justify the following statement: Directors have to work as a team.
Justify the following statement:
Directors have to work as a team.
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- Directors have to work as a team of “Board of Directors” and not individually.
- He exercises the power as a Board which is subject to provision of the Act.
- Director is a representative of shareholders so he has to work collectively in the best interest of the company and its shareholders.
- He cannot take decisions alone on behalf of the company.
- Thus, directors have to work as a team.
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