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Factsheets

Directors' duties and responsibilities

15 Oct 2018

The board of directors of a company is primarily responsible for: 

  • determining the company’s strategic objectives and policies
  • monitoring progress towards achieving the objectives and policies
  • appointing senior management
  • accounting for the company’s activities to relevant parties, e.g. shareholders

The managing director/chief executive is responsible for the performance of the company as dictated by the board’s overall strategy. He or she reports to the chairman or board of directors.



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