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 include - (a) planning, directing and coordinating the general functioning of an enterprise or organization; (b) reviewing the operations and results of the enterprise or organization and reporting to boards of directors and governing bodies; (c) determining objectives, strategies, policies and programmes for the enterprise or organization; (d) providing overall leadership and management to the enterprise or organization; (e) establishing and managing budgets, controlling expenditure and ensuring the efficient use of resources; (f) authorizing material, human and financial resources to implement organizational policies and programmes; (g) monitoring and evaluating performance of the organization or enterprise against established objectives and policies; (h) consulting with senior subordinate staff and reviewing recommendations and reports; (i) representing the organization at official occasions and board meetings, in negotiations and at conventions, seminars, public hearings and forums; (j) selecting or approving the selection of senior staff; (k) ensuring the organization complies with relevant legislation and regulations. Examples of the occupations classified here: - Chief executive - Managing director - Regional manager Note Regional managers and other senior managers who coordinate and supervise the activities of subordinate managers who have a diverse range of functional responsibilities are included in Unit Group 1120: Managing Directors and Chief Executives. Managers responsible for specialized functions within a specific geographic area are excluded from this unit group. For example, regional sales managers are classified in Unit Group 1221: Sales and Marketing Managers. Jobs whose principal responsibility is to participate as a member of the board of directors of one or more enterprises or organizations are included in Unit Group 1120: Managing Directors and Chief Executives. Chief executives of government-owned enterprises are included in Unit Group 1120: Managing Directors and Chief Executives.