ich was ever afterwards
called by her name. Her punishment is the subject of the famous group
called "The Farnese Bull," by Apollonius and Tauriscus of Tralles, in
the Naples museum (see GREEK ART, Plate I. fig. 51).
DIRECT MOTION, in astronomy, the apparent motion of a body of the solar
system on the celestial sphere in the direction from west to east; so
called because this is the usual direction of revolution and rotation of
the heavenly bodies.
DIRECTORS, in company law, the agents by whom a trading or public
company acts, the company itself being a legal abstraction and unable to
do anything. As joint-stock companies have multiplied and their
enterprise has extended, the position of directors has become one of
increasing influence and importance. It is they who control the colossal
funds now invested in trading companies, and who direct their policy
(for shareholders are seldom more than dividend-drawers). Upon their
uprightness, vigilance and sound judgment depends the welfare of the
greatest part of the trade of the country concerned. It is not to be
wondered at that in view of this influence and independence of action
the law courts have held directors to a strict standard of duty, and
that the parliament of the United Kingdom has singled out directors from
other agents for special legislation in the Directors Liability Act
1890, the Larceny Act 1861, the Companies Act 1867 and the Winding-up
Act 1890.
The first directors of a company are generally appointed by the articles
of association. Their consent to act must now, under the Companies Act
1908, be filed with the registrar of joint-stock companies. Directors
other than the first are elected at the annual general meeting, a
certain proportion of the acting directors--usually one-third--retiring
under the articles by rotation each year, and their places being filled
up by election. A share qualification is nearly always required, on the
well-recognized principle that a substantial stake in the undertaking is
the best guarantee of fidelity to the company's interests. A director
once appointed cannot be removed during his term of office by the
shareholders, unless there is a special provision for that purpose in
the articles of association; but a company may dismiss a director if the
articles--as is usually the case--authorize dismissal. The authority and
powers of directors are prima facie those necessary for carrying on the
ordinary business
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