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Directing and controlling the resources of the company: This could include overseeing hiring processes and implementing policies to effectively recruit, train and retain employees to ensure that the company functions as efficiently as possible.Preparing business plans, budgets and reports: A managing director usually works with other senior management team members to prepare business plans and monitor progress against them to ensure that the company is operating as cost-effectively as possible. This involves the preparation of the annual budget, and close monitoring throughout the year to ensure that targets are met and costs are kept as low as possible. The managing director is usually also responsible for presenting the company's annual reports and accounts to the board and making sure they are approved.Representing the company in negotiations with customers and suppliers: The managing director often acts as the face of the company in important negotiations with customers and suppliers, in order to keep clients happy and costs low for the company.Developing and maintaining professional relationships with new customers: The managing director often plays an important role in developing crucial professional relationships with large clients, suppliers, local government and other organisations.Providing strategic advice to the chair of the board and other members: The managing director needs to stay up to speed on the latest developments in their industry in order to provide the board with accurate advice and ensure that the company implements policies to meet their targets while complying with local or national regulations.Developing and maintaining research and development programs: Depending on the industry, this could be key to ensuring that the company is at the forefront of the industry and can provide exemplary products or services to its customers.Developing and maintaining appropriate policies and procedures: This could include ensuring that the company is abiding by equal opportunities employment laws, or legal health and safety practices

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  Makerere University

  2Nd Upper