Document background
The Company Director Agreement is a fundamental governance document used when appointing new directors or formalizing existing director relationships within Indian companies. This agreement is essential under Indian corporate law, particularly the Companies Act 2013, and should be implemented whenever a director joins a company's board, whether in an executive or non-executive capacity. The document comprehensively covers the director's roles, responsibilities, remuneration, and obligations, while ensuring compliance with statutory requirements and corporate governance best practices. It's particularly crucial for establishing clear expectations, protecting confidential information, managing potential conflicts of interest, and defining the terms of engagement between the company and its directors. The agreement should be tailored to reflect specific requirements based on whether the director is executive or non-executive, and whether the company is listed or unlisted.
