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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.
Sometimes a vice president is also called presidium member, especially when there are more than person holding the post. The primary responsibility of the vice president of a club or organization is to be prepared to assume the powers and duties of the office of the president in the case of a vacancy in that office. [10]
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]
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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.
A board of directors is an executive committee that supervises the activities of a business, a nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws ...
The role of the chair in a private equity-backed board differs from the role in non-profit or publicly listed organizations in several ways, including the pay, role and what makes an effective private-equity chair. [41] Companies with both an executive chair and a CEO include Ford, [42] HSBC, [43] Alphabet Inc., [44] and HP. [45]
The vice president's role began steadily growing in importance during the 1930s, with the Office of the Vice President being created in the executive branch in 1939, and has since grown much further. Due to its increase in power and prestige, the vice presidency is now often considered to be a stepping stone to the presidency.