Podcast
Questions and Answers
The purpose of the appointment of directors is for them to administer the ______ of a company
The purpose of the appointment of directors is for them to administer the ______ of a company
business
They may not be called Directors. Examples other names in the absence of calling them directors are Council Members, Senators, Regents, ______ etc.
They may not be called Directors. Examples other names in the absence of calling them directors are Council Members, Senators, Regents, ______ etc.
Executive
A person or people may not have been appointed director(s) but may be saddled with the responsibilities of directors if they represent (or hold themselves out) to be Directors, or they knowingly allow themselves to be held out to be Directors; or they issue directions or instructions that the duly appointed Directors, In fact one is said to hold himmself as a ______ of a company
A person or people may not have been appointed director(s) but may be saddled with the responsibilities of directors if they represent (or hold themselves out) to be Directors, or they knowingly allow themselves to be held out to be Directors; or they issue directions or instructions that the duly appointed Directors, In fact one is said to hold himmself as a ______ of a company
director
In Commodore v. Fruit Supply (Ghana) Ltd, a shareholder who had his name on the company letterhead as director and was transacting business on behalf of the company was deemed a ______
In Commodore v. Fruit Supply (Ghana) Ltd, a shareholder who had his name on the company letterhead as director and was transacting business on behalf of the company was deemed a ______
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The conduct of a company’s business is the responsibility of the Board of Directors’(Hayfron Benjamin J in Okudjeto v Irani Brothers in (1974) 1 GLR 74 ) The purpose of the appointment of directors is for them to administer the ______ of a company
The conduct of a company’s business is the responsibility of the Board of Directors’(Hayfron Benjamin J in Okudjeto v Irani Brothers in (1974) 1 GLR 74 ) The purpose of the appointment of directors is for them to administer the ______ of a company
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A Director need not be a Member or Shareholder of the company, unless the Constitution holds otherwise, as per section 174 (1). Appointment of a person to be appointment of Director requires his or her ______
A Director need not be a Member or Shareholder of the company, unless the Constitution holds otherwise, as per section 174 (1). Appointment of a person to be appointment of Director requires his or her ______
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The First Directors are to be named in the Application for ______ for incorporation (section 13 (2)(g))
The First Directors are to be named in the Application for ______ for incorporation (section 13 (2)(g))
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A company's constitution may make provision for the appointment of a Director by any class of shareholders, Debentureholders, creditors, employers or any other person (section 172(4)). When there is a casual vacancy occurs in the Board of Directors, it may be filled by continuing Directors or Ordinary Resolution of company in ______
A company's constitution may make provision for the appointment of a Director by any class of shareholders, Debentureholders, creditors, employers or any other person (section 172(4)). When there is a casual vacancy occurs in the Board of Directors, it may be filled by continuing Directors or Ordinary Resolution of company in ______
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Act 992 identifies various types of directors. These are substitute director, Alternate director, Executive Director and ______ Director
Act 992 identifies various types of directors. These are substitute director, Alternate director, Executive Director and ______ Director
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A substitute Director deputises for the main Director. A substitute Director can attend a meeting even if the ______ Director
A substitute Director deputises for the main Director. A substitute Director can attend a meeting even if the ______ Director
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According to the Constitution, is it mandatory for a Director to be a Member or Shareholder of the company?
According to the Constitution, is it mandatory for a Director to be a Member or Shareholder of the company?
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In what circumstances does a casual vacancy occur in the Board of Directors?
In what circumstances does a casual vacancy occur in the Board of Directors?
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Under what circumstances can a substitute Director be appointed?
Under what circumstances can a substitute Director be appointed?
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Can an Alternate Director appoint another person as an Alternate Director?
Can an Alternate Director appoint another person as an Alternate Director?
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What is the primary responsibility of Directors in a company?
What is the primary responsibility of Directors in a company?
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What is the responsibility of the Board of Directors, according to the text?
What is the responsibility of the Board of Directors, according to the text?
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Who may be considered as a director even if not formally appointed?
Who may be considered as a director even if not formally appointed?
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In Commodore v. Fruit Supply (Ghana) Ltd, what action led to the individual being deemed a director?
In Commodore v. Fruit Supply (Ghana) Ltd, what action led to the individual being deemed a director?
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Who can fill a casual vacancy in the Board of Directors, as per the text?
Who can fill a casual vacancy in the Board of Directors, as per the text?
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What is one of the roles that may lead to an individual being considered a director, according to the text?
What is one of the roles that may lead to an individual being considered a director, according to the text?
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Study Notes
Directors in a Company
- The primary purpose of appointing directors is to administer the affairs of a company.
- Directors can be referred to by other names such as Council Members, Senators, Regents, etc.
Appointed Directors vs. De Facto Directors
- A person may be considered a director even if not formally appointed if they:
- Represent themselves as a director
- Allow themselves to be held out as a director
- Issue directions or instructions to appointed directors
- In Commodore v. Fruit Supply (Ghana) Ltd, a shareholder who had their name on the company letterhead as a director and transacted business on behalf of the company was deemed a director.
Responsibilities and Appointment of Directors
- The conduct of a company's business is the responsibility of the Board of Directors.
- A director need not be a member or shareholder of the company, unless the Constitution holds otherwise.
- Appointment of a director requires their consent.
- The First Directors are to be named in the Application for Registration for incorporation.
Filling Vacancies and Types of Directors
- A casual vacancy in the Board of Directors may be filled by continuing Directors or an Ordinary Resolution of the company.
- Act 992 identifies various types of directors, including:
- Substitute Director
- Alternate Director
- Executive Director
- Independent Director
- A substitute Director deputises for the main Director and can attend a meeting even if the main Director is present.
Circumstances and Responsibilities
- A casual vacancy occurs in the Board of Directors when a director leaves the position.
- A substitute Director can be appointed when a main Director is absent or unable to perform their duties.
- The primary responsibility of Directors is to administer the affairs of a company.
- The responsibility of the Board of Directors is to conduct the business of the company.
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Description
This quiz explores the responsibilities of the Board of Directors in administering the business of a company, as well as alternative names and titles for directors. It covers the legal framework and purpose of director appointments.
