What are the powers of Directors

Question

What are the powers of Directors?

Answer 1

The powers of Directors are:-

1. To issue shares.

2. To declare dividends – the directors determine how much profit to retain in the corporation and how much to distribute as dividends.

3. To adopt by-laws governing the daily affairs of the corporation.

4. To call meetings of the shareholders, at least once per year.

5. To delegate responsibilities and (except those outlined above) and appoint officers.