Who are considered the first directors of a BCA company?

The first directors of a BCA (Business Corporations Act) company are those individuals listed in the Notice of Articles. This document serves as a key foundational part of the company's establishment and outlines important information, including the names and possibly the addresses of the individuals who will serve as directors at the outset. Listing directors in the Notice of Articles provides a clear and formal acknowledgment of who will guide the company's management and make important decisions from the beginning.

While individuals who are appointed by shareholders or elected during the first shareholders' meeting have roles in governance, they typically come into play after the initial board is established. The founding members of the company may also play a significant role in its formation, but they are not exclusively referred to as the first directors unless explicitly mentioned in the Notice of Articles. This procedural clarity ensures that there is a record of accountability from the very start of the company's operation.