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An example of a "line relationship" (or chain of command in military relationships) in this chart would be between the general and the two colonels—the colonels are directly responsible to the general. An example of a "lateral relationship" in this chart would be between "Captain A", and "Captain B" who both work on level and both report to ...
Managing Director (MD) [4] - A managing director is employed by the business, often by the chairman. Other roles include running the business and producing salaries. The managing director works along with the board of directors and oversees the performance of the business, thus reporting back to the chairman.
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.
Management discussion and analysis or MD&A is an integrated part of a company's annual financial statements. The purpose of the MD&A is to provide a narrative explanation, through the eyes of management, of how an entity has performed in the past, its financial condition, and its future prospects.
CEOs at leading firms pocket over 1,000 times their employees' salaries. Curious about the companies with the widest gaps? Dive deeper to uncover the full story.
(Maskot—Getty Images) Gen Z workers came of age during the pandemic and missed out on one vital part of work experience: learning the office lingo. ... For example, a business might set KPIs ...
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The CEO is tasked with implementing the goals, targets and strategic objectives as determined by the board of directors. As an executive officer of the company, the CEO reports the status of the business to the board of directors, motivates employees, and drives change within the organization. As a manager, the CEO presides over the ...