The directors sold directly to concessionaires, who had to make their profits above the high prices asked by the company.

A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization.

In a publicly-held company, directors are elected to represent and are legally obligated to represent the interests of the owners of the company -- the shareholders / stockholders.

Theoretically, the control of a company is divided between two bodies: the board of directors, and the shareholders in general meeting.

The development of a separate board of directors to manage the company has occurred incrementally and indefinitely over legal history.

Until the end of the 19th century, it seems to have been generally assumed that the general meeting ( of all shareholders ) was the supreme organ of the company, and the board of directors was merely an agent of the company subject to the control of the shareholders in general meeting.

Under English law, successive versions of Table A have reinforced the norm that, unless the directors are acting contrary to the law or the provisions of the Articles, the powers of conducting the management and affairs of the company are vested in them.

" A company is an entity distinct alike from its shareholders and its directors.

This evidence suggests that some shareholders express their displeasure with a company by voting against its directors.

The company remains bound, but the directors retain the discretion to vote against taking the future actions ( although that may involve a breach by the company of the contract that the board previously approved ).

As fiduciaries, the directors may not put themselves in a position where their interests and duties conflict with the duties that they owe to the company.

:"( i ) that what the directors did was so related to the affairs of the company that it can properly be said to have been done in the course of their management and in the utilisation of their opportunities and special knowledge as directors ; and ( ii ) that what they did resulted in profit to themselves.

Similarly, they should not act as directors of competing companies, as their duties to each company would then conflict with each other.

Historically, directors ' duties have been owed almost exclusively to the company and its members, and the board was expected to exercise its powers for the financial benefit of the company.

For example, in the United Kingdom, the Companies Act 2006 requires directors of companies " to promote the success of the company for the benefit of its members as a whole " and sets out the following six factors regarding a director's duty to promote success:

This represents a considerable departure from the traditional notion that directors ' duties are owed only to the company.

* Chief Architecture Officer or CAO ; a relatively new executive-level position at a corporation, company, organization, or agency, typically reporting directly to the CEO or board of directors.

* Chief Brand Officer or CBO – a relatively new executive-level position at a corporation, company, organization, or agency, typically reporting directly to the CEO or board of directors.

A Board of Directors is normally made up of members ( Directors ) who are a mixture of corporate officials who are also management employees of the company ( inside directors ) and persons who are not employed by the company in any capacity ( outside directors or non-executive directors ).

He proposed to the Lords Seventeen ( Heeren XVII, the directors of the VOC ) that the kingdom of Ceylon be divided in two, but they rejected the proposition: a war would be too costly.

These plans, like Du Pont's, contained provisions for passing the vote on Du Pont's General Motors shares on to the ultimate stockholders of Du Pont, Christiana, and Delaware, except that officers and directors of the three companies, their spouses, and other people living in their households, as well as other specified persons, were to be totally disenfranchised.

The first directors of the Manchester Light and Power Company were John Marsden, M. L. Manley, William F. Orvis, George Smith, and John Blackmer.

Concessionaires were to be under the supervision of the directors.

Elected to the board of directors were:

Fifteen statuettes were awarded, honoring artists, directors and other personalities of the filmmaking industry of the time for their works during the 1927 – 1928 period.

Woolfson came up with the idea of making an album based on developments in the film industry, where directors such as Alfred Hitchcock and Stanley Kubrick were the focal point of the film's promotion, rather than individual film stars.

The New Wave of French and Italian art directors and their stars were riding high internationally, and he felt Bardot was being undersold.

The articles were held to constitute a contract by which the members had agreed that " the directors and the directors alone shall manage.

And accordingly, the directors were required to disgorge the profits that they made, and the shareholders received their windfall.

Previously in the United Kingdom, under the Companies Act 1985, protections for non-member stakeholders were considerably more limited ( see for example, s. 309 which permitted directors to take into account the interests of employees but which could only be enforced by the shareholders and not by the employees themselves ).

Sergio Danguillecourt, a member of the board of directors of Bacardi Ltd and a great-great-grandson of the rum company's founder Don Facund Bacardí i Massó, and his wife Jacqueline Kriz Danguillecourt were on board.

These ideas were dismissed by his directors.

This group is often associated with the French New Wave directors who came to prominence during the same time period, and indeed both groups were often friends and journalistic co-workers.

Charlton were rare among football clubs, in that they reserved a seat on their directors ' board for a supporter.

Commodore's board of directors were as impacted as anyone else by the price spiral and decided they wanted out.

Reportedly, at the special board meeting held on April 15, the directors were unanimous in dismissing Pfeiffer.

After Trumbo and the others were blacklisted, some Hollywood actors and directors, such as Elia Kazan and Clifford Odets, agreed to testify and to provide names of fellow communist party members to Congress.

Every corporation, whether financial or union, as well as every division of the administration, were set up as branches of the party, the CEOs, Union leaders, and division directors being sworn-in as section presidents of the party.

Despite the foundation of the Kuratorium Junger Deutscher Film ( Young German Film Committee ) in 1965, set up under the auspices of the Federal Ministry of the Interior to support new German films financially, the directors of this New German Cinema, who rejected co-operation with the existing film industry, were consequently often dependent on money from television.

Other directors were also just starting to take up this style in 1915, for instance William S. Hart in Bad Buck of Santa Ynez.

Many stage performers, directors and writers were introduced to cinema as producers sought personnel experienced in dialogue-based storytelling.

1929 was a watershed year: William Wellman with Chinatown Nights and The Man I Love, Rouben Mamoulian with Applause, Alfred Hitchcock with Blackmail ( Britain's first sound feature ), were among the directors to bring greater fluidity to talkies and experiment with the expressive use of sound ( Eyman, 1997 ).

Additionally, many of the performers, producers, directors and other artists of pre-Soviet Russia, had fled the country or were moving ahead of the Red Army forces as they pushed further and further south into what remained of the Russian Empire.

Various Soviet directors were more concerned with artistic success than with economical success ( They were paid by the academy, and so money was not a critical issue ).