What are the duties of a Managing Director of an IT Company?

Answer 1

The duties of a Managing Director of an IT Company do not differ significantly from any other company. The duties of the MD include:

To manage the overall operations of the company, with the assistance of subordinate staff;
Responsibility for Budgeting, Financial Controls, ultimate responsiblility for the success of the company and reporting requirements;
He has a duty of care; a duty of good faith and a duty of loyalty.

Basically, if you consider the responsibilities of a sole proprietor, then expand the business, the MD has all the duties and responsibilities of the sole proprietor, but with assistants.

As the name suggests, he is the 'top man' but is the last man in a chain of responsibility. "The buck stops here".