Although a company is a separate legal person, it is an inanimate one and can therefore act only through the agency of its directors, who then may delegate some of their powers to managers. With owner-managed companies, any distinctions between owners, directors and managers are somewhat academic, but could become more important as a business expands.

If a company follows the model articles, ‘subject to the articles, the directors are responsible for the management of the companyʼs business, for which purpose they may exercise all the powers of the company.’

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