Rachel Burrows’ Post

De jure and De facto Directors When discussing the concept of directorship, two important terms frequently come up: De facto and De jure. 🔍 What Do These Terms Mean? ➡ De jure- is a state of affairs that is in accordance with law. ➡ While, De Facto- is a state of affairs that is true in fact, but that is not officially sanctioned.   👥 Understanding De jure and De facto Directors:   1. De jure director ➡ He is one that has been appointed to the company by proper law during the company formation process, or after the company has been formed. ➡ A de jure director is formally appointed through legal procedures, either during the company's formation or afterwards, aligning with the company's articles of association and the Companies Act, 2013. ➡ Example: Consider a professional elected at the AGM, whose directorship is officially recorded in meeting minutes and filed with the Registrar of Companies (ROC).   2. De facto Director ➡ He is a person who has not been officially appointed as a director by the company but acts as director and is also held out as a director by the company. ➡ He has the same statutory director’s duties, authority, and powers to bind a company as a formally appointed director in law. ➡ Example: In family-run businesses where a family member, not formally appointed, takes on the role and responsibilities of directing the company. 👉 Why Does It Matter? Understanding these terms is vital for maintaining legal compliance and ensuring the company is led effectively. It helps in structuring a clear and effective leadership strategy, safeguarding the company and its stakeholders. Did you find this helpful? I'd love to hear your thoughts and feedback! #CorporateGovernance #Directorship #BusinessLeadership #LegalCompliance #companysecretary #csexecutive #csprofessional #csstudents

Why Certified Board Secretaries Are Vital for Corporate Success ⚖️ In today's fast-paced corporate environment, effective governance is non-negotiable. Board secretaries play a pivotal role in ensuring that organizations operate smoothly, making them the unsung heroes of corporate success. The Impact of a Skilled Board Secretary: Driving Corporate Governance: Board secretaries ensure that governance processes are followed, safeguarding the integrity of decision-making at the highest level. Mastering Meeting Management: They are the backbone of efficient board meetings, helping align stakeholders and fostering transparent discussions. Ensuring Legal Compliance: With ever-evolving regulations, certified board secretaries keep the organization compliant with statutory and legal frameworks. Having a certified board secretary isn't just about following rules—it’s about driving corporate integrity, effective leadership, and long-term business success. #CorporateGovernance #BoardSecretary #Leadership #Compliance #ProfessionalGrowth #UpskillNow #RcademyCourses #CareerDevelopment #BusinessSuccess

Take a look at this terrific article by my Partners relating to my first GC hiring tip I shared with you "Be a business person first and an attorney second."

Read our latest corporate governance newsletter providing you with a synopsis of topical corporate governance matters impacting public companies in the UK. https://ow.ly/IE0M50SSJXX #governance #UKlistedcompanies #PLCs

Read our latest corporate governance newsletter providing you with a synopsis of topical corporate governance matters impacting public companies in the UK. https://ow.ly/EGrQ50SS5v5 #governance #UKlistedcompanies #PLCs

Read our latest corporate governance newsletter providing you with a synopsis of topical corporate governance matters impacting public companies in the UK. https://ow.ly/wnV150SR5oJ #governance #UKlistedcompanies #PLCs

Effective governance starts with understanding the fundamentals of corporate accountability. Our Corporate Accountability: Meetings & Disclosure course in our International Chartered Governance Programme (ICGP) is now open for enrollment in Semester 1! This 15-week online course will deepen your understanding of meeting procedures, statutory compliance, and disclosure requirements – critical elements of effective governance. Whether you're a board member, company secretary, or governance professional, this course provides the tools to ensure your organization upholds transparency and accountability. 🎯 Ready to strengthen your governance expertise? Learn more and enrol here: https://lnkd.in/dpf9zqDk #CorporateGovernance #ProfessionalDevelopment #Transparency #Accountability #CGINZ

3 Steps To Enhance Corporate Governance 🌟 1️⃣ Define clear roles & responsibilities for board members. 2️⃣ Implement regular performance evaluations. 3️⃣ Ensure transparency in decision-making processes. 💼🔍 Boost your business's legal standing with expert guidance! Visit our website: http://www.yoelmolina.com. Share your thoughts on governance below! 👇💬 #CorporateGovernance #LegalAdvice #corplaw #businesslaw, #entreprenuership

3 Steps To Enhance Corporate Governance 🌟 1️⃣ Define clear roles & responsibilities for board members. 2️⃣ Implement regular performance evaluations. 3️⃣ Ensure transparency in decision-making processes. 💼🔍 Boost your business's legal standing with expert guidance! Visit our website: http://www.yoelmolina.com. Share your thoughts on governance below! 👇💬 #CorporateGovernance #LegalAdvice #corplaw #businesslaw, #entreprenuership

Coherent Appoints Rob Beard as Chief Legal and Global Affairs Officer LINK: https://lnkd.in/eQScnYt2 #ConsultingIssues #TheDailyConsultant #Strategy #Innovation #Leadership #Management #Business #Operations #Advisory #Finance #Project #Policy #Process #Technology