Define and Distinguish (A) an Executive Director and a Non-Executive

Question

Examlex · Accepted Answer

The Answer is (a) An executive director and a non-executive director:
• An executive director is a person who is both a director and a full-time employee of the company.
• A non-executive director is a person who is external to the operations of the company and not an employee.
(b) The chair of directors and the managing-director:
• The chair of the board of directors is appointed by the directors to chair the formal board meetings. Their main role is to exercise control over the meeting and to ensure that procedures are followed in accordance with the company's constitution. The chair signs the minutes of the meetings. The chair has a casting vote on resolutions should the vote of the directors be tied.
• The managing director is a person to whom the board of directors may delegate its functions. The managing director is normally an executive director, that is, they are usually a full-time employee of the company, as well as being a director.

Define and Distinguish (A) an Executive Director and a Non-Executive

Essay

Correct Answer:
Verified

Define and Distinguish (A) an Executive Director and a Non-Executive

Essay

Correct Answer:VerifiedShow Answer

Correct Answer:
Verified