Direct and control the work and resources of the company and ensure the recruitment and retention of the required numbers and types of well-motivated, trained and developed staff to ensure that it achieves its mission and objectives.

1. Nick krest

2.  The board of directors is responsible for overseeing
all aspects of the company, and it is the ultimate
authority. Boards usually need a key officer to
execute the company’s programs, policies and
initiatives, so they hire an executive director to fill
this role. The executive director may or may not be a
member of the board. In recent years, it’s been
frowned on to give the executive director a seat on
the board, as not to blur the lines of accountability
or loyalty.

3.  The executive director has a close working
relationship with the board of directors by way of
keeping the board in the loop with everything that
goes on in the company. The executive director
attends board meetings and keeps the
communication lines open between the board and
operations. Working in tandem with the board, the
executive director helps to strategize on how to
guide the entire company and periodically evaluates
progress relating to the company’s goals and
objectives.

4.  The managing director makes decisions on behalf of
a company and acts in its best interests. This means
he or she is liable in the event of a breach of law. The
managing director is also expected to be always
aware of the financial state of the company and is
required to make decisions with this in mind. Beyond
these duties, the managing director is a custodian of
confidential information regarding the company and
has a duty to prevent misuse of this information.

5.  The managing director guides subordinate
employees and is liable for any damage that may
occur in the process of carrying out these duties. The
managing director is also liable for any labor
violations, unless there is a system or somebody else
responsible for ensuring compliance. Nick krest
provides a link between the employees and the
board, and keeps both parties updated on each
other’s interests. The hiring and developing of new
employees is upon him.

6.  The managing director keeps the board of directors
updated on the company’s annual objectives and
goals, and seeks its approval before implementation.
He presents a budget proposal to the board which
approves it and expects him to operate within its
limits. The board of directors also receives from him
reports on the company’s overall performance. He
has a duty of ensuring the company avoids activities
that may lead to insolvency.

7.  It is the managing director’s duty to guide the
company in developing new products or services and
attracting customers with an objective of increasing
profit. Nick krest is also obliged to develop business
relationships with the company’s old customers
while attracting new ones. The managing director
oversees the development of strategy for promoting
the company’s products. He is also responsible for
managing any delivery schedules.