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Managing Director » Learn More

Managing directors may do some or all of the following:

  • provide the overall direction and management of an organisation
  • ensure a strategic plan and business plan are set in place and constantly monitored
  • ensure realistic goals are set for an organisation, and that these goals are met
  • ensure the organisation complies with company law and other relevant legislation
  • monitor financial performance and ensure the organisation remains profitable
  • manage risks to the organisation
  • ensure the organisation's policies and procedures are followed
  • consult with management staff on issues
  • provide leadership and motivation for employees or members
  • act as a bridge between the organisation, its shareholders and the outside world
  • represent the organisation at conferences and official occasions.

 

What people in this job do

Managing directors need to have:

  • a broad understanding of all areas of management, including knowledge of finance, marketing and communication, strategic planning, human resources and information technology
  • knowledge of company law and other legislation relevant to their area of business
  • strong leadership and motivational skills
  • the ability to multitask and delegate
  • good planning, organisational and time management skills
  • problem-solving ability
  • decision-making skills
  • strong written and oral communication skills
  • the ability to analyse and evaluate information.

 

Managing directors need to be:

  • adaptable
  • patient
  • focused
  • positive
  • able to work well under pressure.