Managing Director

Managing director is the term used for the chief executive of many limited companies in the United Kingdom, Commonwealth and some other English speaking countries. The title reflects their role as both a member of the Board of Directors but also as the senior manager. At investment bank and other financial institutions, "managing director" does not refer to the chief executive but can rather refer to the head of a major business unit. The term Chief Executive (or its American equivalent "Chief Executive Officer" or just "CEO") is in general usage in the United Kingdom for the senior executive of public limited companies, charities and Executive Agencies. At subsidiary companies usage is more variable, with managing director often preferred. The role of a Managing Director (MD) is to design, develop and implement the strategic plan for their company in the most cost effective and time efficient manner. The Managing director is responsible for both the day-to-day running of the... full article at wikipedia