Executive Director An executive director is also known as “Whole-time director” he is the one who is a full-time employee for a particular company. Managing Director A “Managing Director” means a Director who, by virtue of an agreement with the company or a resolution passed in its general meeting, or by its Board of Directors, is entrusted with substantial powers of management of affairs of the company. Ordinary Director The ordinary director is the one who will attend the Board of meeting or some important matters in the company. hese types of directors are a way different to the Managing director and Executive director. Alternate director Usually, alternate Directors are appointed for a person who is Non-Resident Indian (NRI) or for foreign collaborators of a company. Alternate Director is someone appointed by the Board of Directors in a general meeting to act for a Director called the “original director” during his absence. Nominee Director Banks and Private Equity investors who grant debt or equity assistance to a company generally impose a condition as to the appointment of their representative on the Board of the concerned Company. These nominated persons are called Nominee Director. Professional Director Any of the directors acquiring the professional qualifications and do not have enough interest in financial interest is known as Professional Director.