Corporate title
Encyclopedia : C : CO : COR : Corporate title
Publicly and privately held for-profit corporations confer corporate titles or business titles on company officials as a means of identifying their function in the organization. In addition, many non-profit organizations, educational institutions, partnerships, and sole proprietorships also confer corporate titles. This is a quick reference summary for many high level titles used by American corporations. Other countries often use similar titles for corporate executives.
- Excecutive or Non-Excecutive Chairperson, Chairman or Chairman of the Board – presiding officer of the corporate Board of Directors who elects and removes the officers of a corporation and oversees the human, financial, environmental and technical operations of a corporation; traditionally the Chair also concurrently holds the title of CEO.
- Chief Executive Officer or CEO (United States), Chief Executive or Managing director (United Kingdom, Commonwealth and some other English speaking countries) – The CEO of a corporation is the highest ranking management officer of a corporation and, in concurrently as Chairperson, has final decisions over human, financial, environmental, technical operations of the corporation. The CEO is also the Chairman of the Board as a matter of general business culture, especially in closely held corporations. In publicly held corporations, these positions may be separated but with implications affecting corporate governance.
- Chief Financial Officer or CFO – high level corporate officer with oversight of corporate finances; reports to the CEO; may concurrently hold the title of Treasurer.
- Chief Operating Officer or COO – high level corporate officer with responsibility for the daily operation of the company; reports to the CEO.
- Chief Marketing Officer or CMO.
- Chief Business Development Officer or CBDO.
- Chief Analytics Officer or CAO – high level corporate manager with overall responsibility for the analysis and interpretation of data relevant to a company's activities; generally reports to the CEO, or COO.
- Chief Communications Officer or CCO
- Chief Data Officer or CDO
- Chief Information Officer or CIO – high level corporate manager with overall responsibility for the company's information resources and processing environment; generally reports to the CEO, CFO, or COO.
- Chief Information Security Officer or CISO
- Chief Networking Officer or CNO – responsible for the social capital within the company and between the company and its partners
- Chief Process Officer or CPO
- Chief Technical Officer or CTO – (sometimes Chief Technology Officer) high level corporate officer responsibile for the company's technical direction; in non-technology companies usually reports to the CIO but in technology companies, may report directly to the CEO.
- Chief Knowledge Officer or CKO – high level corporate officer responsible for ensuring that the organization maximizes the value it achieves through "knowledge".
- Chief Security Officer or CSO.
- Chief Strategy Officer or CSO.
- Chief Risk Officer or CRO.
- Chief Credit Officer or CCO.
- Director or Member of the Board of Directors - a high level official with a fiduciary responsibility of overseeing the operation of a corporation and elects or removes officers of a corporation; nominally, Directors, other than the Chairman are usually not considered to be employees of the company per se, although they may receive compensation, often including benefits; in publicly-held companies, the Board of Directors is normally made up of members (Directors) who are comprised of a mixture of corporate officials who are also management employees of the company (inside directors) and members who are not employed by the company in any capacity (outside directors or non-executive directors). In privately held companies, the Board of Directors often only consists of the statuatory corporate officials, and in sole proprietorships and partnerships, the board is entirely optional, and if it does exist, only operates in an advisory capacity to the owner or partners. Non-profit corporations are governed by a Board of Trustees instead of a Board of Directors
- Director - manager of managers within an organization who is often responsible for a major business function and often reports to a Vice President. Often used with name of a functional area; Finance Director, Director of Finance, Marketing Director, etc. Not to be confused with a Member of the Board of Directors who is also referred to as a Director
- Foreman
- General manager or GM
- Manager
- Owner
- Partner
- President - legally recognized highest "titled" corporate officer outside of the CEO (who ranks highest). The President works directly for the Board of Directors but is not expected to handle daily operations, which is the responsibility of the CEO who is usually the Chairman of the Board. The President is usually a member of the Board of Directors. The office of President can be limited by the Chairman/CEO to represent only one division within a corporation, such as the President of Sales. The President reports to the CEO. In the event there is no CEO, the President is the highest ranking officer but is not normally the Chairperson.
- Secretary - legally recognized "titled" corporate officer who reports to the Board of Directors and is responsible for keeping the records of the Board and the company. This title is often concurrently held by the treasurer in a dual position called secretary-treasurer; both positions may be concurrently held by the CFO. Note, however, that the Secretary has a reporting line to the Board of Directors, regardless of any other reporting lines conferred by concurrent titles.
- Secretary-Treasurer - in many cases, the offices of Secretary and Treasurer are held by the same person. In this case, the position is commonly referred to by the combined title Secretary-Treasurer
- Statutory agent
- Superintendent
- Supervisor
- Treasurer - legally recognized corporate officer entrusted with the fiduciary responsibility of caring for company funds. Often this title is held concurrently with that of Secretary in a dual role called secretary-treasurer. It can also be held concurrently with the title of CFO. Note, however, that the Treasurer has a reporting line to the Board of Directors, regardless of any other reporting lines conferred by concurrent titles.
- Vice Chair or Vice Chairman - officer of the Board of Directors who stands in for the Chairman in his/her absence, or who supervises a particular activity of the Board or company. A Vice Chairman might also concurrently hold other corporate titles, or might be an outside director.
- Vice President - Middle or upper manager in a corporation. Depending on the corporate structure Vice Presidents report to the President, who will in turn report to the Director, who then reports to the Chief Officer of their respective division, who will then report to the CEO. They often appear in various hierarchical layers such as Executive Vice President, Senior Vice President, Associate Vice President, or Assistant Vice President. Many times, corporate officers such as the CFO, COO, CIO, CTO, Secretary, or Treasurer will concurrently hold Vice President titles. Vice Presidents in small companies are also referred to as chiefs of a certain division, such as VP of Finance, or VP of Administration. These titles are the same as CFO and such titles. It is not necessary to have a Vice President in most corporations.
- Exempt - Meaning that they're exempt from the FLSA. In a corporation, this generally applies to salaried professional staff, and executives, earning in excess of $23,660 annually.
- Non-exempt - Generally an employee paid by the hour who is entitled to a minimum wage, overtime pay at the rate of time and one-half the regular rate for all hours worked in excess of 40 hours per week, as well as other protections under child labor and equal pay laws.
Corporate titles are sometimes given more for honor than out of any differentiation in job function. For example, the COO title is often given to a manager who really only runs a certain division of a company, but is set to be in line to be the CEO. The titles "President" and "Vice President" are sometimes given in the same way.
From Wikipedia, the Free Encyclopedia. Original article here. Support Wikipedia by contributing or donating.
All text is available under the terms of the GNU Free Documentation License See Wikipedia Copyrights for details.
