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:
“We do not need to minimize the poverty of the ghetto or the suffering inflicted by whites on blacks in order to see that the increasingly dangerous and unpredictable conditions of middle- class life have given rise to similar strategies for survival. Indeed the attraction of black culture for disaffected whites suggests that black culture now speaks to a general condition.”
—Christopher Lasch (b. 1932)