Director (business)

The term director is a title given to the senior management staff of businesses and other large organizations.

The term is in common use with two distinct meanings, the choice of which is influenced by the size and global reach of the organization and the historical and geographic context.

Further to this, the term is also used in reference to various technical (legal) definitions specific to corporate governance legislation in individual countries.

The corporate structure consists of four key areas: Depending upon the size of an organization or a company, the number of directors can vary.

A board of directors ensures that a clearly outlined structure is in place which will help the business to work much more efficiently.

The chairman or board of directors may set daily and weekly targets, which should be met by the employees that are working within their respective departments.

The managing director also has the role to report their progress so the board can evaluate it to see if targets have been achieved.

Other responsibilities include producing annual accounts, maintaining control of complete transactions, setting out financial targets and budgets for the business and also managing the companies policies.