ACCA LW ^Eng Syllabus F. Management, Administration And The Regulation Of Companies - Explain The Role Of Directors - Notes ^{1 / 5}

Notice though they are not necessarily the owners

Types Of Directors

Company directors must be at least 16 years old

And at least one director must be a natural person.

1. Executive – A board member, managing the business

2. Non-executive – A part time board member, no managing of the business

3. Managing director – Has the implied actual authority to contract on behalf of the company

4. Shadow director – Someone who the board is used to following (not professional advisors though) - this even includes disqualified directors

5. Alternate director – A person who acts in place of another director

6. De facto director – Anyone who's NOT formally appointed but carries out all the duties of and makes decisions as a director

7. De jure director – Anyone who IS formally appointed and registered as a director