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To exercise independent judgment, that is, not to subordinate the directors power to the
will of others. This does not prevent directors from relying on advice, so long as they
exercise their own judgment on whether or not to follow it.
Oversee the affairs of the company as well as ensuring the interests of companys
stakeholders.
The directors will comply with the companys constitution as well as decisions made and
exercise the powers only for the agenda for which they were given (Abrams, 2003).
The director is obliged to be diligent, careful as well as being well informed about the
eaterys affairs.
The directors will declare any interest in any proposed transaction. This declaration has to
be made prior to any transaction being entered into.
On the other hand, Melissa and Billy will be the officers of the company. In the eatery, these
officers are appointed by the board of directors. Their main task is to handle various
operations of the restaurant.
Hiring Interim officers will apply the following conditions.
Once the directors are hired, the Board shall negotiate an autonomous contractor