9. The role and powers of the directors

Abstract

This chapter describes the directors’ role, including the powers of the directors, the division of power between the directors and the members, and how the directors exercise their powers. In smaller companies, directors will manage the company and will delegate little, if any, of their powers. In larger companies, the directors will set the strategic direction of the company and will delegate much of their managerial powers to sub-board level managers. The powers of the directors are a matter for the company’s articles, with most articles providing that the directors are responsible for managing the company and that it may exercise all the company’s powers. Moreover, a company’s articles usually provide the directors with the ability to delegate their powers to others. The principal method by which the directors exercises their managerial powers is via board meetings.

The Close Possibility of Time Travel

“…Note that I do not claim that failing to be closely possible is necessarily of aesthetic disvalue. Whilst it may be of value in some cases, close possibility seems clearly irrelevant to, e.g., light-hearted comedies [48][49][50][51][52], children's fiction [53,54], and magical realist fiction [55][56][57][58].…”

“…Other examples are commonplace [70][71][72][73][74] [75] (pp. [43][44][45][46][47][48][49][50][51][52][53] [76] (p. 81) [77] (p. 76) (And a sub-variation on this trope is for the device/power to cause things to evolve/devolve rather than age/deage [78,79] [80] (pp. 32-33) 2 .…”