Main Tasks of President Director
Leading the company in making and publishing various company policies as well as overseeing the implementation of these policies. Prepare annual budget and company annual budget before reporting to shareholders
1. Develop a Strategy to Drive the Business to Be More Advanced
A company must have a team to develop a business strategy based on their respective divisions. As the president director, you are required to be able to formulate a strategy or business plan that can direct the company in a better direction. In this case, the CEO can use input from employees from all levels to develop the strategy for the plan.
2. Organizing the Company's Overall Vision and Mission
What is meant by organizing here is that a president director must be able to formulate, communicate, and implement the vision, mission, and direction the company will take in the future, including what will be done to its employees. A president director must ensure that every employee has a clear understanding of the goals to be achieved by the company. This can be done by communicating at a level that can make employees really feel involved in the company's goals so that they believe that their roles are valued.
3. Leading Regular Meetings with Company Senior Leaders
Usually the president director will be the leader of regular meetings with the CEO, the executive team, and the company's senior leaders to ensure that various decisions needed by the company have been carried out properly and on time. In this case, the president director is responsible for disseminating ideas and directions throughout the company so that every employee understands the role and contribution that the leadership expects of them.
4. Appoint People to Lead Certain Divisions and Supervise Their Work
Usually, a company has many divisions so that their overall performance becomes more focused. Each division in the company will be led by someone who is considered qualified and expert in his field. Well, this is where the job of a director is to appoint employees who will lead certain divisions. Because divisional leaders are appointed directly by the director, generally the divisional leaders are asked to provide regular reports on their division's performance to the director.
5. Submitting Reports to Shareholders on Company Performance
Submitting a report to shareholders on the performance that has been achieved by the company is also the duty of the president director of the company. This is so that shareholders know what the company has achieved.
6. Overseeing Internal and External Business Competition
Another task of the president director is to oversee the overall business competition situation, both internally and externally. So that the president director can immediately find out if there is an opportunity for business expansion, changes in regulations in the business industry, how customers think about products, what innovations are made by competitors, and other.
7. Evaluating Company Success
Although the target has been achieved, the main director's duties do not stop there. A president director still has to evaluate the company's success using certain methods, or maybe the company did not succeed in achieving the set targets, so this is where the main director's job is to find out the reasons behind the failure.
The president director also has a great responsibility for carrying out the company's mandate. One of the responsibilities of a president director is to bear or be responsible if there is a loss in the company because he does not carry out his duties in accordance with the policy. In a case like this, the president director will be held accountable both civilly and criminally. If there is a loss, even though the president director has carried out his duties properly and correctly, he is not to blame or does not need to be responsible for the loss. Prior to that, the relevant parties will conduct an in-depth investigation based on the policies, articles of association, and other aspects before deciding whether or not the company's president director should be responsible or not in the event of a loss.
From the explanation above, it can be concluded that the main director's job is not easy. A person who succeeds in becoming a president director in a company must have been equipped with a variety of experiences and valuable lessons. Armed with these experiences and lessons, a president director is able to direct the company in a better direction than before and is ready to be responsible for all the decisions he makes.
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