How many directors must a BCA company have if it is classified as public?

In the context of a Business Corporations Act (BCA) company classified as public, the law typically requires a minimum of three directors on the board. This requirement ensures a level of governance that allows for diverse perspectives and reduces the risk of inadequate oversight when managing corporate affairs.

A board of three directors enhances the decision-making process by providing a more robust structure in which different viewpoints can be represented and considered. It also helps in maintaining checks and balances within the board, promoting accountability and integrity in governance.

Having only one or two directors in a public company could lead to concentrated power, which may undermine effective governance and pose risks to shareholders and other stakeholders. Therefore, the requirement for three directors in a public BCA company plays a crucial role in establishing a sound corporate governance framework.