After reading this article you will learn about:- 1. Meaning of Board of Directors 2. Composition of the Board of Directors 3. Functions. Meaning of Board of Directors: The director of a company collectively are referred as the "Board of Directors" or "Board" [Sec. 252(3)] Only Individuals to be Directors: Nobody corporate, association or a firm can be appointed director [...]
Meaning of Social Control of Company: Despite the defects commonly admitted in the management of companies, the suitability of company as the superior form of business organisation cannot be disputed. The processes of democratisation should however be initiated in the conduct of company's affairs in order to remedy the oligarchic malaise. Democratisation or social control of company is inevitable to [...]
Following are the different forms of organisation for managing state enterprises: 1. Departmental Form of Organisation 2. Public or Statutory Corporation 3. Government Company. 1. Departmental Form of Organisation: Departmental form of organisation is the oldest method of organising and operating the state enterprises. A departmental enterprise is financed and controlled much in the same way as any other government [...]