Directors and managers

As a rule a private company has only one director. A public company must have at least two directors. Usually there is no upper limit on the number of directors a public company may have.

A limited liability company or a corporation is headed by the board of directors elected by shareholders. The directors appoint one of their numbers to the position of managing director to be in charge of the day-to-day running of the company. In large organizations managing director is often assisted by a general manager. Some companies also have assistant general managers. Many directors have deputies who are named deputy directors.

Directors need not be shareholders. They are responsible for the management of a company's affairs. They are not subject to any residence or nationality restrictions.

Big companies have many managers heading departments. They are all responsible to the managing director. Among various departmental managers the following can be mentioned:

• sales manager,

• personnel manager,

• chief manager,

• district manager,

• sales and marketing manager,

• industrial engineering manager, etc.

Направление «эКОНОМИКА»

Текст 1