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.
A director is a person from a group of managers who leads or supervises a particular area of a company, program, or project. Companies that use this term often have many directors spread throughout different business functions or roles (e.g. director of human resources).