In the corporate world, directors play a crucial role. The Board of Directors collectively undertake the ultimate responsibility for overall governance. The shareholders and other stakeholders place a lot of trust in their directors who are expected to take care of their interests.

A director, whether, young or experienced, enjoys some authority as soon as he or she becomes a director. Directorship is accepted by choice. This book explains the various types of directors, their qualifications, disqualifications, tenure, procedures for appointment, reappointment, retirement, resignation, removal, and other modes of cessation of directorships.

This book lists out the duties and liabilities primarily under the Companies Act and SEBI's Listing Obligations and Disclosure Requirements. The duties of directors and independent directors, including those of a fiduciary nature, are covered extensively. This book comprehensively covers liabilities of directors too.

Apart from duties of individual directors, collective responsibilities of the board of directors are in addition to their individual duties, whether statutory or by virtue of articles of association or by any contract. Therefore, the Board of Directors as a body must get its acts together and take care of overall governance with a view to protecting the interests of all the stakeholders.

The last chapter of the book deals with lessons and learnings, through several leading cases from across the world as illustration presenting a holistic view and serves as a guidance to directors.

This book will serve a handy guide to every person who is or aspires to be a director, giving them a chance to understand what the law of the country expects from persons holding directorships.

Highlights:

• Types of Directors

• Appointment, Remuneration, Retirement, Resignation, Removal of Directors

• Duties and Liabilities of Directors and Independent Directors

• Powers and collective Responsibilities of Board of Directors

• Case Studies