A company is a hierarchical structure of multiple stakeholders. Shareholders, investors, directors, advisors, consultants, and employees, each one of them having well-defined roles which culminate in a company’s performance. And a chain of command has to be followed throughout these levels to keep the business moving forward like a well oiled machine, which is where the role of company directors fits in.
The directors of a company are entrusted with the responsibility of ensuring overall operations and overseeing regular decision making. And these directors are governed by the Board of Directors, with board resolutions being the key to help steer the business in the right direction and keeping these decisions in writing.