Hagley Community College
Managing Director/Chief Executive Kaihautū Whakahaere/Tumu Matua
Managing directors/chief executives lead and make overall decisions for an organisation to make sure it operates effectively.
Managing directors/chief executives may do some or all of the following:
- direct and manage organisations and their business strategies, operations, plans and policies
- manage risks to the organisation and consult with management staff on issues
- ensure the organisation complies with relevant laws
- report regularly to stakeholders, often through the board of directors
- represent the organisation at conferences and official occasions.
Useful Experience
Useful experience for managing directors/chief executives includes:
- business and senior management experience
- corporate governance experience
- developing and implementing strategic business plans.
Personal Qualities
Managing directors/chief executives need to be:
- able to lead and motivate others
- able to multitask and delegate
- skilled at planning and organising
- skilled at problem solving and decision making
- good at communicating
- positive and adaptable
- able to work well under pressure.
Skills
Managing directors/chief executives need to have:
- a strong understanding of business, finance and other areas of management
- a strong understanding of what their clients and stakeholders need
- knowledge of how to enable cultural development within an organisation
- knowledge of all laws which are relevant to the organisation.
Conditions
Managing directors/chief executives:
- often work long and irregular hours, which may include evenings and weekends
- work in offices, but may spend time at different worksites within their organisation
- often travel to meet with clients or stakeholders and to attend conferences.
Subject Recommendations
A tertiary entrance qualification is required to enter further training. Useful subjects include business studies and English.
Managing Director/Chief Executives can earn around $200K-$800K per year.
Pay for managing directors/chief executives depends on their experience, the size and earnings of their organisation and whether it's in the public (government) or private sector.
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Public sector managing directors/chief executives can earn between $200,000 and $800,000 a year.
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Private sector managing directors/chief executives cam earn between $300,000 and $1.2 million a year.
- Chief executives of the top companies listed on the New Zealand Stock Exchange earned an average of $2.29 million a year in 2022.
Private sector managing directors/chief executives may also receive shares and performance bonuses.
Source: Bridgeman, D, 'CEO Pay Survey: NZ's Top Bosses Richer than Ever Following Big Pay Rises', NZ Herald, 19 March 2023; and Te Kawa Mataaho Public Service Commission, 'Chief Executive Remuneration', 2 November 2023.
Managing directors/chief executives may progress to set up their own business, or move into an executive chairperson or board of director role. They may also move into local or national politics.
Years Of Training
To become a managing director/chief executive you usually need experience in a senior leadership role.
A relevant tertiary qualification is usually required, such as a Bachelor’s degree or diploma in business management, applied management, commerce or law, or a Master of Business Administration.
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