Director

The person responsible under corporate statutes for managing or supervising the management of the business and affairs of the corporation (e.g., CBCA, s. 102(1)). The directors are elected by the shareholders, and there may be one or more. If there is more than one, they must act collectively. The “director” is the person appointed under section 260 of the CBCA to carry out the duties and exercise the powers of the director to administer the Act.