Article 3 of the Model Articles entitles

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Article 3 of the Model Articles states that the directors collectively are entitled to exercise the powers of the company. This means that the directors, as a group, have the authority to make decisions on behalf of the company and carry out its business activities. Shareholders may still have certain powers, such as the ability to appoint and remove directors or approve significant transactions, but the ultimate decision-making authority lies with the directors.

Article 3 of the Model Articles Entitles