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Question
Answer in brief:
State any four powers of Managing Directors.
Solution
The powers of the Managing Director:
(1) Power (Right) to sit on the Board as a presiding officer. He has the right to attend Board meetings and participate in the formation of the policy of the company.
(2) He has the right to vote on all the resolutions passed at the Board Meeting. He has the power to assert his voice in all important policy decisions.
(3) He has the power to borrow money for the purpose of conducting business and also has the power to invest surplus or idle funds of the company. He has the power to make loans in the ordinary course of business.
(4) He has the power to appoint staff in the organization. He has the power to supervise and control the entire stall” and organization. He has the power to issue guidelines to departmental heads and senior executives for the successful implementation of decisions of the Board.
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Answer in one sentence.
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