What is the main responsibility of executive directors?

The main responsibility of executive directors encompasses both management duties and serving as members of the board of directors. This dual role is critical because executive directors are not only leaders of the organization but also play a significant part in strategic decision-making and governance.

In their management capacity, executive directors are involved in the day-to-day operations of the company, overseeing various departments, and ensuring that the organization meets its goals efficiently. They implement the board's strategic decisions and are accountable for the overall performance of the organization. Serving as board members allows them to contribute to high-level governance discussions, ensuring alignment between the management's operational practices and the board's strategic objectives.

While engaging with shareholders, policy advising, and financial oversight are important activities, they are typically part of the broader framework within which executive directors operate. Engaging with shareholders often falls under the purview of the entire board, while policy advising may be led by specialized committees. Financial oversight is usually a collaborative effort involving various executives and the finance department. Thus, the specific role of managing the organization and participating in the board's governance distinctly highlights the primary responsibility of executive directors.