As a rule privat company has only one director. A public company must have at least two directors. Usually there is no upper limit on the number of directors a public company may have. The company`s note-paper must list either all or none of the names of its dsrectors. A limited liability company or a corporation is headed by yhe board of directors elected by shareholders. he directors appoint one of their numbers to the position of manaing director to be in change of the day-to-day running of the company/ In large organizations managing director is oftem assisted by a general manager. Some companies also have assistant general managers. Many directors have deputies who are named deputy dsrectors. Directors need not be shareholders. They are responsible for the managment of a company. They are not subject to any residence orr nationality restrictions. Big companies hsve many managers heading departaments. The are aii responsible to the managing dsrector. Among various department managers the following can be mentioned: sales manager, personec manager, chief managerr and others.