A managing director should be able to distinguish what their company and their employees need. They must also know what the best approach is when dealing with a new business or client. They control and balance the resources used and expenditures of the company. Most of the company’s policies are either made or approved by them. They must also be able to create, launch and execute their own business plan that they deem appropriate for the company they are handling.
As part of the senior management, the managing director is expected to always keep the company afloat, without any debts and with possible room for expansion and growth in the industry they are in. In most companies, the managing director need not take care of finances, but they have to be in close contact for them to be able to discuss issues about finances that may affect the company like fluctuation of the currencies and the like.