Duties of Chief Executive:

• The following are duties of chief executive
• He determines policies in order to achieve company objectives
• He plans to make the management more effective.
• He applies all the decision of the board of directors and reports the results
• Organize the employees with the help of personnel management.
• He must look after the routine business matters on daily basis.
• Supply of latest information to the directors about the business affairs.
• Arrange training and promotion of for management development
•  Attends all ceremonial functions of the company.
• Supervision and control over production and sales.
• Maintenance of sound financial position through collection and management of funds.
• Set up a research and development programme for the production and designs of goods.
• Establishment of inventory standards for economical purchases.
• Exploring the new market for creating customers.
• Preparation and approval of estimates of future output through budgets.
• Keeping the business alive through regular and reasonable rate of return.
• Making good relations with employees and the general public.

Company Secretary:

Definition:

A company secretary is an officer of the company He is a link between the management and shareholders and general public. He deals with the recording and communication activities of the company.

Amendment:

A listed company shall have a whole time secretary and single member company shall have a secretary possessing such qualifications as may be prescribed [Sec. 204 (A)]

Functions:

• The secretary’s functions are as under
• To preserve the common seal To prepare the different documents.
• To maintain the legal and business books.
• To issue prospectus
• To call meeting of directors
• To implement the policies made by directors To provide information to the directors needed by them.
• To coordinate several departments • To receive applications for shares and debentures.
• To arrange meetings of shareholders. Dfa ho To send certificates of shares and debentures.
• To convey the decision of directors to the employees and shareholders. • To record minutes of meetings
• To distribute copies of resolutions.

Managing Agent:

A Joint Stock company can appoint any person, firm or company to manage the affairs of the company. The managing agents will work under the control of directors.