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so they take part in the daily procedures that take place in the company. They may act as the finance managers of the company. A nonexecutive director is a member of the board who actively takes part in decision making of the company

but they are not employees. They may take part in suggesting disciplinary actions against significant members of the company’s management. A non-executive director only takes part in the board proceedings of the company. An executive director may also enter into contracts that benefit the company. He also has extensive knowledge on every scope of the company

processes and principles that govern a company. They act as guidelines for controlling and directing the procedures in the company as it strives to achieve its goals and objectives. They also ensure that stakeholders benefit from the processes of the company. The stake holders include the board of directors

customers

insurances

bank guarantee and outgoings. This will help you determine the necessary ones and the inappropriate ones.