Explain Role of Directors and the Role of Officers

Question

Explain Role of Directors and the Role of Officers?

Answer 1

Role of Directors:

The shareholders of a corporation elect a board of directors to manage the affairs and business of a corporation. The most important powers conferred on directors by the CBCA are set out in the Role of Directors.

Role of Officers:

The officers exercise authority (as delegated by directors) for managing the day-to-day operations of the company. It is up to the directors to define and designate the responsibilities of each officer (e.g., president, vice-president, treasurer).