114 2.7 Director’s and auditor’s roles


By the end of this sub unit, you should be able to:

1. Explain the role of directors and auditors.

2. Describe the expectations required from the role of directors and auditors.

3. Explain the concepts of bona fide, duty of care, due diligence, discretion, etc.



The management of a company is usually entrusted to a group of persons called directors. The directors are usually the members of the Board of Directors (BoD). The Board of Directors are supported by the company secretary and the company accountant.


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