Comparative Analysis of Qualifications and Disqualifications of Directors: Commercial Act of Iran and Common Law Countries
Abstract
The directors of companies oversee almost all business operations and are the most important figures in corporate governance. Every company relies on its directors and board to succeed. Directors are crucial to a company since it is the work of directors to supervise and manage its operations. Director duties must be understood and executed responsibly. A person can be a director if meets legal conditions. This study meticulously compares the director's qualification and disqualification under the Commercial Act of Iran to common law countries including Australia, the UK, Malaysia, and Singapore. Such a comparison would reveal whether parts of the Iranian Commercial Act needed change or improvement.
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