duties (noun, du-ties, \ ˈduːtiz \) of directors (noun, di-rec-tor, \ dəˈrektərz \)
Definition: is a set of rules and principles, under which a company or a business director is supposed to operate. In other words, it is a selection of rulings that a director (or a couple of them) must obey. Duties of directors oftentimes include such requirements as: to act within his or her powers; to act in a company’s or business’s best interests; to avoid the possible interest conflicts between the members of the board of directors; not to gain personal benefits from the third parties; to show competence and caution in all business operations and situations; not to use the confidential information; etc.
In a Sentence:
- To act with honor is one of the duties of directors.
- There are numerous duties of directors that you ought to obey. Consider this job offer and think about your responsibilities well.
- Duties of directors require you to stay loyal to your company. You cannot use your position to gain benefit from external parties.
Synonyms and related words: director, board of directors, chief executive, director’s responsibilities, business principles
