- This topic has 1 reply, 2 voices, and was last updated 13 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
Why does executive directors more involved in businesses compared to non executive directors?
Does they abide to their fiduciary duties?
Both types of directors owe fiduciary duties to the company. The exec directors are more involved because they are the ones running the day-to-day activities of the company. they are the ones who turn up every day and who work from 09.00 until 17.00 ( probably, in practice, much longer hours )
The non-execs attend meetings ( board meetings and sub-committee meetings ) in their capacity as “overseers” – checking that the execs are doing their jobs efficiently and effectively, acknowledging their responsibilities to the company, its stakeholders and their responsibilities to society at large
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.