The directors of a company are responsible for the day-to-day management of that company.

The directors make decisions on behalf of the company in order that it can carry on its business, including making decisions relating to the company:

1. •

   raising funds

2. •

   entering into contracts

3. •

   purchasing or renting premises

4. •

   acquiring stock or equipment, and

5. •

   employing people

For details on decision making by directors, and the processes and procedures typically involved, see Practice Notes: Directors’ decision-making—power, authority and duties, Directors’ decision-making—convening board meetings, Directors’ decision-making—conduct at board meetings, Directors’ decision-making—post board meeting formalities and Directors’ decision-making—written resolutions and decisions by sole directors.