Justify the following statement: Indian companies prefer to appoint a Managing Director than a Manager.

Question

Justify the following statement:

Indian companies prefer to appoint a Managing Director than a Manager.

Monjur Alahi

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2025-01-04 04:42

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Salim Ahmed Kawsar · Accepted Answer · 2023-02-05T15:29:48+06:00

Indian company prefers to appoint managing director rather than manager because Managing Directors holds dual authorities and he is able to influence the board of director in a better way.
Manager need not be a director of a company while the managing director has to be director of a company,
The company cannot have more than one manager, while it can have more than one managing director.
Thus, Indian companies prefer to appoint a managing director than a manager.