In general, the difference between a central government and a federal central government is that the autonomous statuses of self-governing regions exists by the sufferance of the central government and are often created through a process of devolution.
Managing Director Job Description. The Managing Director (MD) is the most senior role in any company. With ultimate responsibility for the companyâs performance the Managing Director will report in to the Chairman and shareholders whilst leading a Board of Directors. image source. The Managing Director is responsible for many aspects of the business.
It has to be understood that the executive director has nothing to do with the board of directors and is more of a CEO or chief executive of an organization. In fact, ED reports to the board of directors on a daily basis. Managing Director is undoubtedly the highest ranking officer and is a link between the administration and the board of directors. He is the ship of the captain who has to take vital decisions at crucial times.