| Commentary

12 Delegation of directors’ powers

| Commentary

12 Delegation of directors’ powers

A company’s articles of association frequently empower the directors to appoint one or more of their number to the position of managing director, or to other salaried executive positions, and to fix the terms (including the terms as to remuneration) of any such appointment. The model articles for private and public companies both couch this power in the broadest terms, by providing that the directors may delegate any of the powers conferred upon them by the articles to a person or committee in relation to such matters or territories on terms and conditions as they

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