A managing director is the most senior position at a business. You have the final say on all company actions and are ultimately responsible for all decisions made by the company. You are the liaison between a company’s upper management and the board. You make frequent reports to the chairperson and board. Unlike the CEO, you oversee the management and daily operations of the company; your duties include implementing new policies, protocols, or directives, paying close attention to how these decisions affect budgets and profitability. You are also the one who chooses and leads a board of directors.