A member of the board of directors who bears the responsibility of

managing the company on behalf of the shareholders

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Directors are individuals appointed by the shareholders of a limited liability company to manage its affairs. They hold fiduciary duties to act in the best interest of the company and ensure compliance with regulatory requirements. Directors are responsible for strategic planning, financial oversight, and risk management.

Example: A fintech startup appoints three directors responsible for strategic planning, financial oversight, and marketing. The finance director ensures the company maintains accurate financial records and complies with tax regulations, while the marketing director oversees branding and customer acquisition strategies.