type of directors
This query is : Resolved
31 March 2009
defination and difference of executive,non-executive,independent and ordinary directors and minimum number of those directors required in 100% state govt. enterprise company
CA. B.SRINIVASULU
(Expert)
03 April 2009
Executive directors means who is working for the company on a day to day basis and is having substanital interest in the company.
Non-executive director means who is not working in the company in any manner but is having substantial interest in the company.
Independent director means who is a director of a company and neither involve in day to day affairs nor invested any money in the company.
Number of directors has to be decided as per articles of association of a particular company.
Executive directors means who is working for the company on a day to day basis and is having substanital interest in the company.
Non-executive director means who is not working in the company in any manner but is having substantial interest in the company.
Independent director means who is a director of a company and neither involve in day to day affairs nor invested any money in the company.
Number of directors has to be decided as per articles of association of a particular company.
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