05-03-2011, 04:56 PM
Directors have a fudiciary duty to safeguard the assets of shareholders and put them to effective use. There are many things which may threat this and create a conflict of interest. The directer hired must have the appropriate qualification, skills and expertise. The directors should submit themselves for re-election at each AGM.
The service contract defines the the rules regarding employement, rights and responsibilties of the director. The service contract also mentions the remuneration of the director.
The service contract defines the the rules regarding employement, rights and responsibilties of the director. The service contract also mentions the remuneration of the director.
