Justify the following statement: Directors are managing partners.

Monjur Alahi

Justify the following statement:

Directors are managing partners.


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Salim Ahmed Kawsar

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  • Directors have to work as a team as Board of Directors, not as an individual.
  • The powers by Board are subject to provisions of the Companies Act and Memorandum and Articles of Associations.
  • Director is required to perform his functions.
  • He represents shareholders to conduct and manage the business of the company on their behalf.
  • They are entrusted with vast powers of management and perform several functions which are proprietary in nature like allotment of shares, raising of loans, investing funds of the company.
  • This is because they themselves are significant shareholders of the company.
  • In fact, they are the most active shareholders of the company.
  • Thus, Directors are the managing partners of the company.

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