There are three tiers of power in a corporation:
The appointing of officers is done by the Board of Directors of the company. The most notable officer titles are President, Vice President, Secretary and Treasurer. However, if required, the board can appoint other officers, such as a Chief Executive Officer (CEO), Chief Financial Officer (CFO), Chief Technology Officer (CTO), managers or any other title the board wishes to create.
Let’s first discuss what it takes to be the President of a company. The person who is President of a company is in the highest position within an organization and, in some cases, takes on the title of Chief Executive Officer as well. The President/CEO is often (but not always) the founder and owner of the business.
In addition, he or she:
While these are general terms of a corporate President’s duties, they may differ in individual organizations.
Next: Officers of a Corporation
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There are 11 comments left for What Is The Role of a President of a Corporation?Ben said: Monday, April 9, 2018
Can the duty of the President conflict with the Chairman?HBS Staff replied: Monday, April 9, 2018
No, typically the President handles all the day to day matters and works alongside the Chairman to efficiently run the business.