Which stakeholder group is responsible for managing a private limited company?

The Board of Directors is responsible for managing a private limited company as they are tasked with making important decisions that direct the company's activities and strategic objectives. This group consists of individuals elected by the shareholders to oversee the company’s operations and ensure it adheres to its mission and legal requirements. They play a crucial role in governance, guiding the company's executive management and approving major corporate policies and strategies.

Investors primarily provide capital and are motivated to see a return on their investment, but they do not manage day-to-day operations. Shareholders own portions of the company and have voting rights in key decisions, yet they do not engage in management directly. Government regulators set the legal framework within which the private limited company operates but do not manage the company themselves, focusing instead on compliance and regulatory standards. Thus, while all these groups play important roles related to a private limited company's functioning, the management is explicitly the domain of the Board of Directors.