Rights and Responsibilities of Company Directors

In India, a company director is a person appointed to the board of a company who collectively oversees its management, decisions, and legal compliance. The legal definition of the director in the Companies Act, 2013 (Section 2(34)) includes both executive and non-executive directors. Directors in India enjoy collective and individual rights, including participation in board meetings, access to records, the right to remuneration, and indemnity for actions taken in good faith. Good governance depends on a responsible and vigilant board. Therefore, the directors must be aware of their responsibilities and act in the interest of the company, shareholders, employees, creditors, and other stakeholders.