Roles and Responsibilities in a Company
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Company President
- Leads the business
- Develops vision, communicates it, and implements it
- Oversees other executives and holds regular meetings
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Officers and Their Duties
- President, Vice President, Secretary, Treasurer
- CEO oversees daily activities, often delegated to officers
- Paid officers are considered employees
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Formal Addressing of Former Officials
- "Mr. LastName" for former Presidents and ex-officials
Distinction Between President and CEO
- CEO Responsibilities
- Highest-ranking executive responsible for major decisions
- Acts as the main communication link between the board and corporation
Corporate Structure and Governance
- Board of Directors
- Responsible for overall direction
- Liability Protection and Compliance
- Officers insulated from personal liability
- Employee vs Officer
- Directors can also be employees under contracts