According to Hendrickse & Hefer-Hendrickse (2012:198-200) there are five different classes of directors that are to be found on a Board of Directors, namely;
1. Director
These are individuals that take on the role and position of a director of a company or an alternate director. These positions or roles can include such as a managing director, manager or even the secretary of the company (Hendrickse & Hefer-Hendrickse 2012:198).
2. Shadow director
This director acts as a shadow. The actions that a shadow director takes on is done in the background or behind the scenes and is not necessarily seen by everyone. They influence the course of business behind the scenes (Hendrickse & Hefer-Hendrickse 2012:198).
3. Executive director
This directors …show more content…
They too receive remuneration for their employment unlike the non-executive directors as they are outsiders to the company.
The effectiveness of the induction process of the board of director members is the Company Secretary. They need to ensure that this is done as quickly as possible and most effective. They too need to ensure that there is a formal programme whereby the director is familiarised with the company, its products, services and its operations.
The new director needs also to be assessed in terms of identifying any specific training that needs to be provided in order to fulfil their role as director. Training for any specific gaps needs to also be provided as part of the induction process.
The most effective form of induction of information that the new board member can acquire is in the form of written documents which must be supplied by the Company Secretary. It must be readily and easily available for the director for a few weeks in the beginning in order for them to familiarise themselves with the
1. Director
These are individuals that take on the role and position of a director of a company or an alternate director. These positions or roles can include such as a managing director, manager or even the secretary of the company (Hendrickse & Hefer-Hendrickse 2012:198).
2. Shadow director
This director acts as a shadow. The actions that a shadow director takes on is done in the background or behind the scenes and is not necessarily seen by everyone. They influence the course of business behind the scenes (Hendrickse & Hefer-Hendrickse 2012:198).
3. Executive director
This directors …show more content…
They too receive remuneration for their employment unlike the non-executive directors as they are outsiders to the company.
The effectiveness of the induction process of the board of director members is the Company Secretary. They need to ensure that this is done as quickly as possible and most effective. They too need to ensure that there is a formal programme whereby the director is familiarised with the company, its products, services and its operations.
The new director needs also to be assessed in terms of identifying any specific training that needs to be provided in order to fulfil their role as director. Training for any specific gaps needs to also be provided as part of the induction process.
The most effective form of induction of information that the new board member can acquire is in the form of written documents which must be supplied by the Company Secretary. It must be readily and easily available for the director for a few weeks in the beginning in order for them to familiarise themselves with the