An Executive director is a Chief Executive officer (CEO) or Managing director of an organization, company, or corporation, who is responsible for making decisions to complete the mission and for the success of the organization.

A Managing Director is one who is employed by the company and has substantial powers of management over the affairs of the company subject to superintendence, direction and control of the board.

A whole time Director is one who devotes whole of his time of working hours to the company and has a significant personal interest in the company as the source of his income.

Following companies are required to appoint KMP.
(i) Every listed company.
(ii) Every public company (Having paid up share capital of ₹ 10 crore or more).

'A Person who is appointed or elected member of the Board of Directors of a company and has the responsibility of determining and implementing policies along with others in the board. It is not necessary to, hold any shares in the company or be an employee. Directors act on the basis of resolutions made in the Board of Directors meeting according to their powers stated in the Articles of Association of the company''.