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DIRECTOR - Coggle Diagram
DIRECTOR
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Service Contracts & Fees
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Loans
In general, Section 224 governs loans to directors.
Public Company Fees
Director fees and benefits, including remuneration for leaving office, must be authorized for publicly traded corporations.
Ethics & Management
Code of Ethics
Directors are required to uphold Corporate Social Responsibility (CSR), accountability, transparency, and integrity.
Indemnification
In situations when a director receives relief under the Act, an acquittal, or a judgment in their favor, the corporation may indemnify them for liabilities.
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Type Of Directors
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Non-Executive Director
A part-time employee who does not participate in day-to-day management but attends board meetings and offers independent supervision.