Commercial affairs means any business that has any business operations that are related to the management or management functions of an entity.
The commercial affairs role of a director is a general-purpose position that covers the full range of the business functions of the entity.
The role of the director includes the following:The role has broad responsibilities for the development of commercial affairs and strategic planning, including developing and maintaining a comprehensive strategic vision for the commercial affairs sector, as well as conducting business development, public relations and marketing activities.
The position is not subject to the same governance requirements as that of a member of the board of directors.
The director must be available to answer questions and provide advice to the board on matters that are important to the commercial activities of the company.