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Officially by Protocol, the Chairman is the head of a company.final decision is taken by the Chairman only.

However managing director have all the operational decision powers and control Inside the company.

Its like presidential and Prime Ministerial position in countries like UK and India ,where president (In uk Its the princess ) is the head of the nation, but all powers are in the hands of prime ministers .

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Q: Who is higher the managing director or the Chairman?
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