LAW

The scenario is about the Mr. Mallory and the actions that he has taken as a board of Chairmen and president of the company. Mr. Mallory the president and the chairmen of the board of directors has the maximum shares of the company due to which he feels that he is an entrepreneur. In the techno-Corp the formal meeting of the directors has not been conducting since Mr. Mallory has become the Chairman of the board. Since the Techno-Corp is a public limited company, so in the public limited company the directors are elected to represent the company. The board is straight responsible to the shareholders and every year the association will hold an Annual General Meeting (AGM) at which the heads must give a report to shareholders on the exhibition of the association, what its tentative arrangements and methodologies are and additionally submit them for re-race to the board. The board of director's key intention is to guarantee the association's thriving by all in all steering the association's undertakings, whilst gathering the proper hobbies of its shareholders and stakeholders (McCahery, 2010).

Notwithstanding business and monetary issues, boards of directors must manage tests and issues identifying with corporate influence, corporate social avocation and corporate morals. Legally the directors are the representative of the shareholders and have the authority to take the decisions in the interest of the share holders of the company McCahery & Sautner (2010, December). For instance the company's decisions of disbursing the dividend and what amount of dividend should be disbursed, the directors has the authority to take these decisions for the better benefit of the company and the share holders. The board of directors in a company is the body of the nominated members who is responsible to look after the activities of the organization. The legal ...