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Difference between members and directors in Acticles of Association

  • 08-09-2008 8:16am
    #1
    EH
    Registered Users, Registered Users 2 Posts: 146 ✭✭


    Hi
    Does anyone know the difference between "directors" and "members" as noted in articles of association of a company?
    Thanks
    EH


Comments

  • #2
    information
    Closed Accounts Posts: 362 ✭✭information


    EH wrote: »
    Hi
    Does anyone know the difference between "directors" and "members" as noted in articles of association of a company?
    Thanks
    EH
    there a few different types of companies, without knowing which type the company is:
    the members could refer to the shareholders, if its a limited company
    or could be members of the company, if its a limited company with no share capital ie( anot for profit organisation)

    directors are directors no different.


  • #3
    antoinolachtnai
    Registered Users, Registered Users 2 Posts: 9,815 ✭✭✭antoinolachtnai


    In general, members put the capital up for the company.

    Directors run the company.

    In general, the directors are elected by the members.

    Being a director of a company is a fairly onerous responsibility.

    Being a member of a company does not entail very much responsibility, other than paying for the shares you've bought or paying a guarantee.


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