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 words general and/or director:
“No doubt, the short distance to which you can see in the woods, and the general twilight, would at length react on the inhabitants, and make them savages. The lakes also reveal the mountains, and give ample scope and range to our thought.”
—Henry David Thoreau (1817–1862)
“The director is simply the audience. So the terrible burden of the director is to take the place of that yawning vacuum, to be the audience and to select from what happens during the day which movement shall be a disaster and which a gala night. His job is to preside over accidents.”
—Orson Welles (1915–1984)