A director is a person from a group of managers who leads or supervises a particular area of a company. Companies that use this term often have many directors spread throughout different business functions or roles (e.g. director of human resources). The director usually reports directly to a vice president or to the CEO directly in order to let them know the progress of the organization. Large organizations also sometimes have assistant directors or deputy directors. Director commonly refers to the lowest level of executive in an organization, but many large companies use the title of associate director more frequently. An executive director is roughly equivalent to Vice President or Senior director in some businesses. Some companies also have regional directors and area directors. Regional directors are present in companies that are organized by location and have their departments under that. They are responsible for the operations for their particular country. Though directors are the first stage in the executive team, area directors are seen as higher up, based on their area of control.
Depending upon the size of an organization or a company, the number of directors can vary. Start-up companies can have a single director, which is the minimum for a private limited company according to the law. However, as organizations and businesses expand, the number of directors can increase because more tasks and responsibilities become present. For example, if the company expands and has more than one department, such as finance, sales, marketing, production and IT, then the business may form a board of directors, with each director overseeing a department and maintaining full responsibility within that department.
A managing director oversees the performance of the company as a whole and then has the duty to report back to the chairman or board of directors. 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.
A company director is one of the employees within a group of managers who maintains a prolific role within an organization and usually has the higher role within an organization. This is mainly because they decide on how to control the business and also make the final and key decisions.