If they actually are like trying to be a managerial role and 33% are acting like managers (mostly meetings and more meetings for example) that I think would be

If they actually are like trying to be a managerial role and 33% are acting like managers (mostly meetings and more meetings for example) that I think would be worry some indeed. For some organizations, though, Director isn't really a "Director" but more of a rank like "Senior." By this I mean there would be Assistant Director of Blah blah Development that didn't actually direct a group of people, but were was a more senior-ish developer earning the Director part of their name. It is odd, but it wouldn't be the first place I've seen that.