Managing directors and chief executives

Managing directors and chief executives formulate and review the policies and plan, direct coordinate and evaluate the overall activities of enterprises or organizations (except special interest organizations and government departments) with the support of other managers, usually within guidelines established by a board of directors or a governing body to whom they are answerable for the operations undertaken and results.

Tasks

• Planning, directing and coordinating the general functioning of an enterprise or organization
• Reviewing the operations and results of the enterprise, or organization and reporting to boards of directors and governing bodies
• Determining objectives, strategies, policies and programs for the enterprise or organization
• Providing overall leadership and management to the enterprise or organization
• Establishing and managing budgets, controlling expenditure and ensuring the efficient use of resources
• Authorising material, human and financial resources to implement organizational policies and programs
• Monitoring and evaluating performance of the organization or enterprise against established objectives and policies
• Consulting with senior subordinate staff and reviewing recommendations and reports
• Representing the organization at official occasions and board meetings, in negotiations and at conventions, seminars, public hearings and forums
• Selecting, or approving the selection of senior staff
• Ensuring the organization complies with relevant legislation and regulations