Directors' duties

So you know how when you play a game, each person has certain things they can do and things they can't do, right? Well, when a bunch of grown-ups get together to start a business or a company, they also have specific things they have to do and not do. These grown-ups are called directors, and their job is to make decisions and take care of the company.

Directors’ duties are like rules that make sure the directors (who are the grown-ups in charge) do their job properly and take care of the company they're running. Just like how you have to follow the rules when you play a game, the directors have to follow the rules when they run a company.

One of these rules is that the directors have to be loyal to the company they're taking care of – just like how you're loyal to your friends and family. They have to make decisions that are good for the company, even if those choices aren’t good for them as individuals.

Another rule is that the directors have to be careful when they make decisions. They have to think really hard about what could happen if they make a certain choice, and how that will affect the company. For example, if the directors decide to spend all of the company’s money on something that isn’t important, like a really big chocolate cake, that could be a bad decision, and nobody would want to work with that company anymore.

So, directors’ duties are like a set of rules that the grown-ups in charge have to follow when they are running a company. It's like a big game where everyone has to play fair and make smart choices to win.