6.2 Position and Role of Managing Directors

The MD's anatomy: the board's-and-the company's executive head — the management's chief (the delegated board-powers' exerciser: the day-to-day direction, the officers' supervision, the policy's execution); the board's member-and-servant (the MD sits-on-and-serves-the board — the executive-director's double face); the company's-and-signature's face (the representation's powers — the third-party's apparent-authority (LAW5404's authority cases' interface)); the accountability's chain (to the board-and-through-it-to the meeting — the 1.18's monitoring's target); the success-and-failure's personification (the performance's-and-the scandal's public face — the Nepali MD-culture's-and-the scandal-era's honest notes).