Executive director
An executive director is a board member who also has executive management responsibilities in the organisation. The role combines participation in collective board direction and oversight with responsibility for managing assigned activities. Executive knowledge can inform the board, but personal interests and management involvement need appropriate challenge and governance safeguards. Exact duties follow the applicable legal framework.
Worked example
A finance director manages the finance function and also sits on the board. She contributes detailed knowledge but participates in decisions affecting the whole organisation rather than representing only her department.
Common mistake
Do not assume every senior employee is a director or that executive directors owe duties only to their own function. Their board responsibilities require a wider perspective.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | BT | Direct | September 2026–June 2027 |
| ACCA | SBL | Direct | September 2026–June 2027 |
| FIA | FBT | Direct | September 2026–June 2027 |