Freestone Resources Inc. (fka FSNR)

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The Role of Directors and Officers in a Corporation

Depending on the company, the board of directors and officers can be made up of the same individuals. The board of directors and officers often work closely together, but play very different roles in the corporation.


Differences between Directors and Officers

While directors and officers have some similar duties, and in some corporations an individual can hold both positions, there are two significant characteristics officers have that directors do not. They have the authority to legally bind the corporation. In addition, corporate officers are generally not personally liable for lawful acts taken on behalf of the corporation.


http://business-law.freeadvice.com/business-law/corporations/directors_officers.htm