A director of a company oversees all the operations of the company. They are usually head of a board of directors and responsible for important decisions in all areas of a company. They can relate directly with the staff in day to day responsibilities as well.
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The role will vary from company to company. Many of the personnel directors in an organization will be in charge of all personnel of the company and handle things such as hiring and paying the employees.?æ
Managing Director means a director who by virtue of an agreement with the company or of a resolution passed by the company in general meeting or by its Board of Directors or by virtue of its memorandum or articles of association is entrusted with substantial powers of management which would not otherwise be exercisable by him. It includes a director occupying the position of managing director by whatever name called. Whole time director includes a director in the whole time employment of the company. A person who does not devote substantially the whole of his time to the company is not a whole time director. A whole time director is virtually a managing director though not so designated. A director in charge is also in the same position as a managing director. It has been held that a Managing director is a part of the company's Board of directors and not a servant of the company.
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varies depending on the director