Who are directors?
It’s a job title we’ve probably all seen and often wondered what exactly they do.
From a business perspective, a director is someone who is appointed or elected to the board of a company. They’re responsible for making important decisions about the strategy their department takes. In most cases, they are responsible to shareholders.
Directors often have a legal responsibility to act in the best interests of a company. They are the final stop when it comes to important decisions, approving budgets and ensuring a business complies with any legal obligations it has.
Non-executive directors are people who sit on a board - usually because of an area of expertise - but don’t have the same fiduciary duties as an executive director. They can provide an impartial viewpoint that can make decision-making easier.