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Corporate titles or business titles are given to company and organization officials to show what job function, and seniority, a person has within an organisation. [1] 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]
The top management group, comprising jomu/sangmu and above, is often referred to collectively as "cadre" or "senior management" (幹部 or 重役; kambu or juyaku in Japanese; ganbu or jungyŏk in Korean). Some Japanese and Korean companies have also adopted American-style titles, but these are not yet widespread and their usage varies.
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.
Intel Board of Directors, 2012. The term director is a title given to the senior management staff of businesses and other large organizations.. The term is in common use with two distinct meanings, the choice of which is influenced by the size and global reach of the organization and the historical and geographic context.
Confusion can arise because the words executive and director occur both in this title and in titles of various members of some organizations' boards of directors. In the US nonprofit sector, the executive director role is the highest ranking position within the organization. It corresponds to a CEO position in a for-profit corporation.
The title does not denote a leadership position within the company, but often a role relatively junior to the executive board. Financial services companies have multiple vice presidents, [ 7 ] possibly because the title is a form of delayering when an employee can not be moved higher in the organization but still deserves recognition. [ 8 ]
Talent management includes building the quality and depth of talent, including a focus on succession and leadership/employee development. In a separate survey of over 200 U.S. and European CHROs, University of South Carolina professor Patrick Wright [8] found that nearly all participants cited 'talent' as the top priority on their CEO's agenda for HR.
A partner in a law firm, accounting firm, consulting firm, or financial firm is a highly ranked position, traditionally indicating co-ownership of a partnership in which the partners were entitled to a share of the profits as "equity partners". The title can also be used in corporate entities where equity is held by shareholders.
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