the person(s) in the company, which is in charge of the managing of the company - e.g. the normal day-to-day business of the company. In most of the types of companies in Europe the managing directors (board of directors) can be descried as the management body of the company - as opposed to the supervisory body of the company (the supervisory board)
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Äriühingute puhul üldjuhul eelistada ET-EN suunas "management body" "directing body"le. {06.04.1999}
Administrative body of company is the legal entity/body of a company, which is in charge of and has the responsibility for the administration of the company (normal day-to-day business, including the arrangement and carrying out of these tasks). Normally, the administrative body of a company is the Managing Director
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