Poor Performance. Poor performance can get anyone fired from a job, and a board chairman is no different. Past success can often buy a board chairman a couple of years of grace if sales turn south or donations drop precipitously. But if he does not get things turned around within a year or two, he is usually replaced.

The right of the president of the United States to withhold information from Congress or the courts.

In the case of the former, the president retains the power to veto such a decision; however, the Congress may override a veto with a two-thirds majority to end an executive order.

In the corporate world, a chairman is a person who usually elected or appointed to chair meetings of the Board of Director or Members of a company. Managing Director is the top director of a company who is entrusted with substantial powers to manage the company.

King III recommends that the chairperson should be an independent non-executive director. To ensure the chairman acts in an independent manner, internationally recognised governance codes state that the chairman should not have previously been the CEO of the company.

A director is a manager of managers. In a healthy organization, employees will typically require closer supervision than managers, giving directors more time and space to work on high-level tasks. These types of personnel-based skills can often be vital to a manager’s success but not necessarily required of a director.

A Manager manages things, while a Director directs things. It’s like the subtle difference between tactics and strategy. A Director directs his people where to go. A Manager deals with driving those people in that correct direction.

While both the managing director and executive director are high-level positions, the managing director is the highest-ranking executive position. Some other key differences are: The managing director is responsible for controlling and directing operations within the organization.