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The most senior roles, marked by signing authority, are often referred to as "C-level", "C-suite" or "CxO" positions because many of them start with the word "chief". [2] Many positions at this level report to a president or chief executive officer, or to a company's board of directors. [3]
There are considerable variations in the composition and responsibilities of corporate titles. Within the corporate office or corporate center of a corporation, some corporations have a chairman and chief executive officer (CEO) as the top-ranking executive, while the number two is the president and chief operating officer (COO); other corporations have a president and CEO but no official deputy.
The definition varies; for instance, the California Corporate Disclosure Act defines "executive officers" as the five most highly compensated officers not also sitting on the board of directors. In the case of a sole proprietorship, an executive officer is the sole proprietor.
An executive officer is a person who is principally responsible for leading all or part of an organization, although the exact nature of the role varies depending on the organization. In many militaries and police forces, an executive officer, or "XO", is the second-in-command, reporting to the commanding officer. The XO is typically ...
Executive managers hold executive powers delegated to them with and by authority of a board of directors and/or the shareholders.Generally, higher levels of responsibility exist, such as a board of directors and those who own the company (shareholders), but they focus on managing the senior or executive management instead of on the day-to-day activities of the business.
The executive director is accountable to the board of directors and reports to the board on a regular basis as defined by the organization's bylaws. The board sets the vision through a high-level strategic plan, but it is the role of the executive director to create implementation plans that support the strategic plan.
The top or senior layer of management is a small group which consists of the board of directors (including non-executive directors, executive directors and independent directors), president, vice-president, CEOs and other members of the C-level executives.
There are many titles within a company such as executive director, managing director, company director and chairman. The corporate structure consists of four key areas: Board of directors- oversees a department and maintains full operational responsibilities area is next to the C-level executives in the corporate jobs hierarchy.