What is the difference between executive directors and non-executive directors?

To open an account with Cledara, we only include executive directors in our KYC review.

But when the board of directors in your company consists of 10 members, sometimes it is hard to differentiate between the executive and non-executive directors.

Below is a comparison table to help you easily identify which member of the board Cledara will need to review.

Executive directors Non-executive directors
Are involved in day-to-day operations Do not engage in the day-to-day management
Are involved in policymaking and planning exercises as managers Are involved in sharing experience and expertise as advisors
Are on the payroll and are considered employees of the company Are not on the payroll and are not considered employees of the company
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