Directors and the Board: Corporate Stewardship under Indian Company Law (Corporate Governance in Private Companies, Part II)
Indian company law understands the Board of Directors not merely as a managerial organ, but as an institution of corporate stewardship. At its core, stewardship reflects the idea that directors exercise power in trust, for the company as a distinct legal person, and not as proprietors of corporate authority. This distinction is critical, particularly in […]
