managing director
Definition
Noun: A managing director is a senior executive who is responsible for controlling the resources, expenditures, and overall operations of a company or organization. This person holds the highest position in the day-to-day management and is often the chief executive.
Usage
The term is used to refer to the top executive in charge of managing a company. It is a formal business title. - The managing director presented the annual report to the board. - She was appointed managing director after ten years with the firm. - All major strategic decisions require the approval of the managing director.
Advanced Usage
- The role of a managing director can vary between countries and corporate structures. In some systems, the managing director is equivalent to the Chief Executive Officer (CEO).
- In a board context, the managing director is often a member of the board of directors with executive responsibilities.
Variants and Related Words
- Director (noun): A member of the board of a company. A managing director is a specific type of director with executive power.
- Chief Executive Officer (CEO) (noun): A very similar or equivalent title in many corporations.
- General Manager (noun): A title sometimes used interchangeably, though it may imply a slightly narrower scope of authority.
Synonyms
- Chief Executive
- Head
- President (in some corporate structures)
- Executive Director
Related Phrases
- Board of Directors: The group of people to whom the managing director typically reports.
- Senior Management: The team of top executives, which includes the managing director.
Noun
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someone who controls resources and expenditures
