In CIS corporate governance, the general director is the highest executive position in a company, analogous to a US CEO or a UK managing director. The position exists for all Russian legal forms (Joint stock companies (AO) and limited-liability companies (OOO)), except for a sole proprietorship (IP).
The general director is defined as the "single-person executive body" of a company, acts without power of attorney to represent the company, and issues powers of attorney to others. His or her powers are defined precisely by the company charter, by decision of the general meeting of shareholders (AO) or participants (OOO), and by resolutions of the board of directors.
Famous quotes containing the word general:
“Without metaphor the handling of general concepts such as culture and civilization becomes impossible, and that of disease and disorder is the obvious one for the case in point. Is not crisis itself a concept we owe to Hippocrates? In the social and cultural domain no metaphor is more apt than the pathological one.”
—Johan Huizinga (1872–1945)