Nairobi, Feb. 29 -- Directors are crucial for any business, whether they are registered or not. There are several types of business associations, including sole proprietorships, partnerships, companies, NGOs and societies. Companies are the main type of business required by law to have a board of directors. However, all types of business ought to have a board due to its benefits.

Directors play a crucial role in the success of any business. In most firms, the shareholders and directors are the same. However, in public or listed companies, the directors may include a mix of owners and non-owners.

Directors act in trust for the shareholders, meaning that their role is to look out for the best interests of the shareholders. They manage the...