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A managing director is a senior-level executive that generally focuses on business development, employee recruitment and client retention.They are employed in a variety of industries.They have the authority to look after the operations of companies and organizations across a variety of industries such as banking, marketing, advertising, etc.They are responsible for building up the new business contacts, to interact with the clients and for the recruitment of the employees.They are mainly responsible for coordinating the efforts of various departments such as legal, finance, marketing and sales people to meet the company's goal.

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Q: What is the responsibility and work of managing director?
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What are the duties of a deputy managing director?

The Deputy Managing Director reports directly to the Managing Director and is empowered by the Managing Director to manage the day-to-day overall operational activities. The Deputy Managing Director ensures cost control activities; monitors revenues and expenditures in assigned area to assure sound financial control; assures effective and efficient use of budgeted funds, materials, facilities and time.


What is the full form of cmd?

1. Chief Managing Director 2. Chairman & Managing Director 3. Command (in computers)


Difference between a chairman and managing director?

Chairman is a head of a group of company's. but the Managing director is a head of a single organisation.


Difference between Managing director and Whole Time Director?

Managing Director means a director who by virtue of an agreement with the company or of a resolution passed by the company in general meeting or by its Board of Directors or by virtue of its memorandum or articles of association is entrusted with substantial powers of management which would not otherwise be exercisable by him. It includes a director occupying the position of managing director by whatever name called. Whole time director includes a director in the whole time employment of the company. A person who does not devote substantially the whole of his time to the company is not a whole time director. A whole time director is virtually a managing director though not so designated. A director in charge is also in the same position as a managing director. It has been held that a Managing director is a part of the company's Board of directors and not a servant of the company.


Can a company appoint managing director and manager simultaneously?

Information provided by Legalpund = Can a Company appoint a Managing Director and a Manager at the same time? = No company can appoint or employ, at the same time, or, continue the appointment or, employment at the same time, of a Managing Director, as well as a Manager. But, there is no legal prohibition against having a Whole Time Director and Manager, simultaneously, or, Managing Director and whole-time Director, simultaneously. Again, there is no prohibition on a company having more than one Managing Director. This section applies to all companies, public and private. As per provisions of this section a company cannot apply both managing director and manager at the same time. The term " managing director" and "manager" has been defined in section 2(26) and 2(24) respectively. "managing director is a director who is entrusted with "substantial" powers of management which would not otherwise be exercisable by him. From the definition of managing director it appears that the company may entrust "substantial" power of management to one or more directors and therefore a company may have more than one managing director.Further the expression MANAGING DIRECTOR shall also include a director occupying the position of managing director, by whatever name called.For instance, President, CEO , chief operating officer, etc. in the case of MNCs shall be considered as the MANAGING DIRECTOR for the purpose of COMPANIES ACT, although they are not designated as such.

Related questions

What is the work of a managing director?

manages the marketing activities


How do you spell managing director?

Managing director is correct.


Abbreviation for the word Managing used as in Managing Director?

MD for managing director.


Does executive director outrank Managing director?

No


When was Daniel Bernard a managing director at Metro?

1981-1992, managing director of Metro France


Who is the senior Managing director or director?

you have a38 year age old lady work as a administeror m.d. in bombay office in parleji biscuite


When was Charles Bell managing director for McDonald's Australia?

1993-1999, managing director of McDonald's Australia


What is the different managing director and executive director?

A managing director supervises people. An executive director is involved in setting the strategy for the overall organization. They rank at the top in the organization.


Position?

Managing Director


Who was the Managing Director of Design at Harland and Wolff?

Thomas Andrews was the Managing Director of Design at Harland and Wolff, known for his work on designing the RMS Titanic. He was known for his innovative ship designs and his dedication to the industry.


When was Michael Bailey a managing director at Gardner Merchant?

1991-1992, managing director of contract feeding business


Who is the managing director of portweb India?

Mr.Tarunshivam is now the ceo and managing director of Portweb Inc. world wide.