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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.
Many positions at this level report to a president or chief executive officer, or to a company's board of directors. [3] People in senior executive positions of publicly traded companies are often offered stock options so it is in their interest that the company's stock price increases over time, in parallel with being accountable to investors ...
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.
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).
In some organizations, the chair is also known as president (or other title). [2] [3] In others, where a board appoints a president (or other title), the two terms are used for distinct positions. The term chairman may be used in a neutral manner, not directly implying the gender of the holder.
In the US, an executive director is a chief executive officer (CEO) or managing director of an organization, company, or corporation. [1] The title is widely used in North American not-for-profit organizations, though many United States nonprofits have adopted the title president or CEO.
In the corporate environment, the head of a company is the Chief Executive Officer (CEO), with the president being second in command. Leading the company's executive group rather than the overall company, the executive president in this instance is responsible for day-to-day operations.
In a joint-stock company, the members are known as shareholders, and each of their shares in the ownership, control, and profits of the corporation is determined by the portion of shares in the company that they own. Thus, a person who owns a quarter of the shares of a joint-stock company owns a quarter of the company, is entitled to a quarter ...