A managing director can work as a salaried director or as an entrepreneur. Managing director is not in employment with the employing company according to the Limited Liability Companies and Employment Contracts Acts. Work done as a salaried managing director can be compared to an employment condition fulfilling work even though the work is not done in employment.
If your work as a managing director ends completely, you may receive earnings-related allowance based on your last salary, and your allowance will be calculated the same as other salaried employees’.