Directors play an eminent role in the company. They have a fiduciary duty towards the company and its members. They exercise all their powers under this duty.
The following are roles of the directors in a company.
To act with bonafide intentions and good faith
The company members expect the directors to act in the best interest of the company. They do not just act as the agents but as trustees. They must act honestly and avoid any negligence on their part while acting as a director. They are supposed to balance the interest of members, creditors and shareholders along with focusing on the economic interests of the company.
Read More :- The Role of a Director in a Company