International Standard ISCO

Managing Directors and Chief Executives

Definition note

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

Tasks performed usually include: planning, directing and coordinating the general functioning of an enterprise or organization; reviewing the operations and results of the enterprise or organization, and reporting to boards of directors and governing bodies; determining objectives, strategies, policies and programmes for the enterprise or organization; providing overall direction and management to organizations; establishing and managing budgets, controlling expenditure and ensuring the efficient use of resources; authorizing material, human and financial resources to implement organizational policies and programmes; monitoring and evaluating performance of the organization or enterprise against established objectives and policies; consulting with senior subordinate staff and reviewing recommendations and reports; representing the organization at official occasions, in negotiations and at conventions, seminars, public hearings and forums; selecting or approving the selection of senior staff; ensuring the organization complies with relevant legislation and regulations.

Managing Directors and Chief Executives

112

Broader Terms

Date of creation
14-May-2017
Modified
14-May-2017
Accepted term
14-May-2017
Descendant terms
0
More specific terms
0
Alternative terms
0
Related terms
0
Notes
2
Metadata
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