A board of directors is a group of individuals elected by a public company's shareholders to provide the expert and experienced guidance and oversight to ensure a company's profitability and sustainability.

The board has a fiduciary duty to make decisions and take actions in the interest of shareholders and stakeholders. It operates independently of management and focuses on a company's major issues rather than its day-to-day operations.

They may exercise certain powers on behalf of the company, they owe certain duties to it, and they may be exposed to certain liabilities in their capacity as directors. This program is designed to provide practical guideline on directors' powers, statutory (general) duties, fiduciary duties and common law duties and liabilities.

For Whom

This program is designed for corporate lawyers, company secretaries, directors of companies and compliance officers in corporate organizations.

Learning Objectives

At the end of the program, participants will be able to:

• List key duties of directors, their power and authority
• List and explain the statutory framework for the role and responsibilities of company directors as stipulated in the Companies and Allied Matters Act 1990
• Know the Liabilities, sanctions and indemnities of company directors
• Learn how to deal with conflicts in board rooms
• Learn how to manage relationships between the company and its shareholders
• Develop good boardroom practice and board relationships