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A managing director is someone who is responsible for the daily operations of a company, organization, or corporate division. A managing director may also be called a chief executive officer.. A managing director is responsible for leading teams to meet the company's goals. A company may have several managing directors in charge of various semi-autonomous business units.
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.