The Different Types of Directors

//The Different Types of Directors

Each director is a key person. They are entrusted by the law to administer the company. Each one is responsible to ensure that the company complies with the law and is properly governed. Directors must be registered with CIPC. This is different to shareholders, who d not need to be registered. There are different types of directors.

The different types of directors

  • Executive directors are salaried and run the company on a day-to-day basis.
  • Non-executive (or outside) directors are not part of the executive management team. They are not an employee or affiliated in any way.
  • Alternate directors act of behalf of a director when they cannot personally fulfil their duties.
  • Temporary directors are appointed on a temporary basis or to fill a vacancy.

Steps to take

  • Ensure the rights and obligations of directors are correctly stated in your MOI.
  • Appoint a director correctly.
  • Change a director with CIPC.
  • Get help with your company.
By |2019-07-23T11:33:43+02:00January 15th, 2013|Categories: Company Law|