Executive Director. Duties and Rights

The position of executive director is increasingly found in companies that engage in various activities. Applying for this vacancy, you should know what duties and rights this employee has. The functions of the executive director are multifaceted and consist of the organization of personnel activities, the resolution of financial and commercial issues and various administrative and economic problems.

This is a leadership position. The executive director is appointed by the general director and is also dismissed from his post.

This is the second most important role in the company. During the absence of the general director, the management is entrusted to the executive director. He has the right to sign and acts on behalf of the company.

The person holding this position has an irregular working day. What are the functions of the executive director? Its responsibilities are to implement and monitor the current activities of all departments, branches, which must comply with the general situation of the company. He is engaged in the development of long-term plans for the development of the company and monitors their implementation.

His duties also include safeguarding of property, control over finances, keeping records and providing data to relevant authorities. He controls the activities of employees, imposes penalties and encourages, if necessary.

The Executive Director prepares orders and orders related to the work of the staff. Supervises the performance of duties, supervises large transactions and prepares reports.

Work with staff is also the responsibility of the person holding this position. The Executive Director prepares vacancies, conducts selection of candidates, interviews. He controls the work of the human resources department, namely, the proper management of documentation, drafting of employment contracts, time sheets and leave schedules.

This post provides for the holding of a meeting of shareholders, control over the payment of dividends and other services. He monitors the drawing up of contracts and agreements with customers. His duties include the organization of seminars, promotional activities and reporting on the results of their conduct. He participates in negotiations with clients and prepares contracts for conclusion with them.

Another aspect of his work is financial control. This is the tracking of timely payment of services and goods by counterparties, the provision of accounts and certificates of work performed. He negotiates with clients, discusses terms of contracts, works with accounts receivable, sends claims and suits to court.

The Executive Director works with audit companies, monitors financial flows, material position of the company and its branches, makes proposals for improving financial activities and spending material resources.

The Executive Director has the rights within his competence. He makes proposals, monitors and organizes the activities of the company and is responsible in accordance with regulatory enactments.