Managing Director Duties & Responsibilities

The role and function of a Managing Director includes the following duties and responsibilities:

Develop and execute the company’s business strategies in order to attain goals
Provide strategic advice to the board and Chairperson
Prepare and implement comprehensive business plans
Plan cost-effective operations and market development activities
Establish company policies and legal guidelines
Ensure a positive work environment
Ensure performance appraisal, training and professional development activities
Reward performance, prevent issues and resolve problems
Execute public speaking and represetational apperances in a professional manner
Analyze problematic situations and occurrences and provide solutions to ensure company survival and growth
Build long term, trusting relationships with shareholders, business partners and authorities
Oversee the company’s financial performance, investments and other business ventures
Supervise the work of executives providing guidance and motivation to drive maximum performance
Further develop and enhance company culture

Note that this is not an exhaustive list of Managing Director duties and responsibilities. Job functions for specific Managing Director roles may vary, depending on the industry and type of employer.

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