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- Dictionarymanaging director
noun
- 1. the person who is in overall charge of the running of an organization or business: "he is the managing director of an engineering firm"
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Learn what a managing director or chief executive does in a company, from directing and controlling operations to providing strategic advice and guidance to the board. Find out the main purpose, responsibilities, skills and qualifications of this role, and access related resources and courses from the IoD.
- Who Is A Chief Executive Officer?
- Who Is A Managing Director?
- Is It Compulsory For Companies to Have A Managing Director and/or A CEO?
- What Are The Duties and Obligations of An MD and A CEO?
- Frequently Asked Questions
Under Singapore’s Companies Act (CA), the term ‘chief executive officer’ (CEO) refers to any person, either employed by or acting for the company, who is principally responsible for the management and conduct of the whole or part of the company’s business. The CA’s definition of CEO applies to any person whose job scope includes the above, regardle...
On the other hand, ‘managing director’ (MD) is not a legal term under the CA. In other words, the law does not define any specific job scope for MDs. However, the constitution of a company(a document which contains rules on the internal management of the company) typically states that: 1. An MD may be appointed from within the board of directorsof ...
For a company to be validly registered in Singapore, the company needs to have at least one person ordinarily resident in Singapore to occupy the legal position of ‘director’ and manage the company’s day-to-day business. Do note that this person can give themselves any job title they like, whether it is ‘Director’, ‘Founder’ or something else.) Hen...
While people who hold the titles of ‘Managing Director’ and ‘CEO’ may all be involved in the management of the company’s business, it is still important to maintain a distinction between the roles. This is because different legal duties and obligations may apply to them.
1. Can there be more than 1 MD or CEO in a company?
Yes, companies can have multiple MDs and/or CEOs. The total number of MDs and/or CEOs that a company can have depends on what its constitution provides for.
2. Can the same person hold the position of MD and CEO?
Yes, there are no restrictions on the same person holding the position of both MD and CEO. However, this isn’t commonly done.
3. Can the company appoint either an MD or a CEO but not both?
Yes, it is possible for a company to decide to appoint just an MD or a CEO, but not both (as may be the case for smaller companies). — While the above provides a broad overview of the legal roles and differences between an MD and a CEO, it is by no means exhaustive. The scopes of the powers and duties of MDs and CEOs will ultimately depend on the precise situation. If you need advice on how to appropriately exercise such powers, and/or comply with such duties, of an MD or CEO, we would recomm...
Learn the meaning of managing director, the person in charge of a company, in English and Business English. See how to use the term in sentences and translations in different languages.
Sep 30, 2022 · A director is an executive within a company who manages a specific department, such as sales, human resources and marketing, among others. As leadership personnel within a company, directors are typically responsible for performing important tasks, such as planning the growth of their department and defining long-term objectives.
Jul 19, 2023 · A managing director is a high-level executive who oversees the overall operations and strategy of an organization. Learn about their traits, duties, and how a board portal platform like OnBoard can help them and the board run effective meetings.
Dec 10, 2023 · A managing director is a senior executive who oversees a company's operations, policies and goals. Learn about the common duties, skills, qualifications, salary and outlook for this role from Indeed.com.
May 21, 2024 · Learn the meaning of managing director, a noun for someone who is in charge of a large company or organization. See recent examples of how to use this word in sentences from various online sources.
