Company Management: A strong management is the backbone of any successful company. This is not to say that employees are not important, but management that ultimately makes the company’s vision, mission, and strategic decisions. Normally management is the process of planning, organizing, leading, and controlling effectively and efficiently to attain the organizational goals. Management companies comprise of experienced managers with established track records in their respective fields and usually provide services such as accounting, general administration, maintenance recruitment, and secretarial services.
Company management is distinctive and separate from other types of business management. Here management is separated from the ownership. Though shareholders are the owner of the company, they are not the directors. Basically, shareholders cannot take part in directorship but shareholders are responsible to elect the board of directors.
Directors are elected by direct vote of the shareholders. Elected directors form a board and control all activity of the Company. A company has many shareholders; all can’t maintain a direct relationship with the company. For that, they elect the board of directors for maintaining business activities and try to develop the company. Again a Managing Director (MD) is elected by the Board of Directors.