Every company must name in the listing module at least 2 directors. CEO and directors must be SL accounts registered and controlled by unique individuals.
The board of directors has the responsibility to manage the business of a corporation for the benefit of its shareholder owners.
The directors of Vstex listed corporations stand in a fiduciary relationship not only to the stockholders but also to the corporations upon whose boards they serve.
The director’s fiduciary duty to both the corporation and its shareholders is characterized as a triad: due care, good faith, and loyalty. That triparte fiduciary duty does not operate intermittently but is the constant compass by which all director actions for the corporation and interactions with its shareholders must be guided.
Although the fiduciary duty of a Vstex listed company director is unremitting, the exact course of conduct that must be charted to properly discharge that responsibility will change in the specific context of the action the director is taking with regard to either the corporation or its shareholders.
The VSTEX has endeavored to provide the directors with clear signal beacons and brightly lined-channel markers as they navigate with due care, good faith, and loyalty on behalf of a Vstex listed corporation and its shareholders.
