Executive Director Salaries In Namibia

Executive Director Salaries In Namibia

Who is Executive Director?

An executive director is a member of a board or firm who is also an employee of the company and has management responsibilities. Executive directors have executive responsibilities for running the company’s day-to-day business activities. They’re usually a senior executive or a board member. A person working as an Executive Director in Namibia typically earns around 39,500 NAD.

Frequently Asked Questions

What is the difference between CEO and executive director in Namibia?

Executive director and chief executive officer (CEO) are leadership titles in organizations. The term executive director is more frequently used in nonprofit entities, whereas CEO is used with for-profit entities and some large nonprofits.

Is director fee a salary in Namibia?

Director’s fees are paid to the director for directorial services rendered to the company. As director’s fees are not considered salaries, CPF contributions do not have to be made on them. Directors’ fees are however taxable but they are generally taxed in the country where the company is a tax resident.

Who is the boss of an executive director in Namibia?

The Board/CEO relationship can make or break the success of a non-profit organization. The Board of Directors is the collective boss of the CEO/Executive Director of a non-profit corporation.

Can you have a CEO and executive director in Namibia?

The answer is yes, although most nonprofit corporation laws contain a requirement that one person is designated as the president. A nonprofit can have a president/CEO and an executive director if the organization maintains a specific structure. For example: President/CEO who has full authority for operations.

Are directors considered employees in Namibia?

Directors of a corporation – members of the governing board – are defined by statute as non-employees. If an exempt organization pays its board members to attend board meetings or otherwise compensates them for performing their duties as directors, the organization should treat them as independent contractors.

What is higher than an executive director in Namibia?

In general terms, a managing director will outrank an executive director. That is because they have more direct responsibility to the daily operations of the company. The executive director is responsible for specific programs or services that are assigned to the by the Board of Directors or the managing director.

What skills do executive directors need in Namibia?

  • Being an excellent communicator.
  • Honing fundraising skills.
  • Pursuit of board meeting success.
  • Having a vision to put the mission into a long-term view.
  • Technology sophistication for future growth.

What are the duties of an executive director in Namibia?

The Executive Director is responsible for overseeing the administration, programs and strategic plan of the organization. Other key duties include fundraising, marketing, and community outreach. The position reports directly to the Board of Directors.

Is executive director higher than managing director in Namibia?

While the Managing Director is the most senior role in the organization, they control and direct its work. Executive Director is rank below the managing directors if the MD or CEO is not available in the organization, then executive director reserve the right to decide in favor of the organization.

Is director higher than CEO in Namibia?

A CEO comes after the board of directors in the organizational structure. A Managing Director comes under the authority of the CEO. A Chief Executive Officer does not have any responsibility for the day to day affairs of the organization.

Who is more powerful CEO or MD in Namibia?

In most cases, no. The board of directors has the powers to hire or terminate a CEO anytime. But in instances where the survival/success of the company is dependent on the CEO or the company/brand is synonymous with the CEO, the CEO is way more powerful than the board of directors.

Who is higher than a CEO in Namibia?

In general, the chief executive officer (CEO) is considered the highest-ranking officer in a company, while the president is second in charge.

Do executive directors attend board meetings in Namibia?

Executive directors should attend and/or participate in discussions at board meetings, however. Their presence is essential because they likely know the most about: The organization’s mission and programs. Finances.

Does an executive director have to be an employees in Namibia?

Executive directors are also employees and so they still have full rights as an employee, which are separate to their role as a director.

Who can become a director in Namibia?

Only an Individual (living person) can be appointed as a Director of a Company. A body corporate or a business entity cannot be appointed as a Director of a Company. A company can, however, have a maximum of fifteen Directors and it can be increased further by passing a special resolution.