JSFiddle - React, Tailwind, and code Playground
HTML
<select class="founder_designation" rel="Designation" placeholder="Designation" multiple="multiple" name="designation">
<option value="">-- Select Designation --</option>
<option value="chairman_managing_director">Chairman & Managing Director</option>
<option selected="selected" value="director" >Director</option>
<option value="whole_time_director">Whole Time Director</option>
<option value="other">Other</option>
</select>
JavaScript
$(".founder_designation").on("change",function(){
alert($(this).val()); //It display all selected options with comma separated
})