Explain the appointment, position and role of the Managing Director and CEO.

The MD's statutory-and-constitutional appointment: the board's selection (the Companies Act 2063's face — the MD appointed by the board within the Act's-and-articles' frame (the board's own delegation of 1.18's head)), the tenure-and-terms (the contract's-and-the resolution's discipline: the period, the powers, the remuneration (the Act's-and-the meeting's approval faces where prescribed)); the eligibility's bars (the disqualification faces of 1.7's catalogue; the multiple-MD's- and-overlapping faces); the approval faces for the regulated sectors (the NRB's-and-SEBON's fit- and-proper approvals for the BFIs'-and-listed-MDs — the sectoral-governance overlay of 5.4.3).