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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.
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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 General Manager?
MD - Managing Director is often what the lead partner business. In US, the head of a partnership is usually called the "General Partner" or "General Manager
Whati s the difference between MD and Chairman?
MD is Managing Director and Chairman is a man in chair
What the difference between mission director and mission president?
mission director for NASA and mission president for ESA
Difference between Managing director and manager?
In a company ,there r different departments.Each department is headed by one manager.To co ordinate n supervise the work of the departmental / functional managers a general manager post is usually created.The general manager is a manager .He is not a director.The managing director is the chief executive officer of the company .He looks after the day to day management of the business.He is one of the directors of the company n above the general manager.The general manager directly reports to the managing director n the managing director to the board of directors.Source(s):Business management,chapter span of management.
