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A president is a leader of an organization, company, community, club, trade union, university or other group. [1] [2] The relationship between a president and a chief executive officer varies, depending on the structure of the specific organization.
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 person holding the office, who is typically elected or appointed by members of the group or organisation, presides over meetings of the group, and is required to conduct the group's business in an orderly fashion. [1] In some organizations, the chair is also known as president (or other title).
The title is widely used in North American not-for-profit organizations, though many United States nonprofits have adopted the title president or CEO. [ 2 ] 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.
Within research, several differences have been identified between how firms are led by founder CEOs and non-founder CEOs. Differences identified include stock performance, equity stake, managerial incentives, innovation investment and participation in mergers and acquisitions.
Small business owners in the United States make between $83,000 to $126,000 on average, depending on their industry and location. Keep in mind that many business owners do not take a salary in the ...
Subordinate executives are given different titles in different organizations, but one common category of subordinate executive, if the CEO is also the president, is the vice president (VP). An organization may have more than one vice president, each tasked with a different area of responsibility (e.g., VP of finance, VP of human resources).
A difference may be that the membership elects the officers of the organization, such as the president and the secretary, and the officers become members of the board in addition to the directors and retain those duties on the board. [7] The directors may also be classified as officers in this situation. [18]