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52-494: 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. Typically, senior managers are "higher" than vice presidents , although many times

104-462: A board of directors , or may have no executive powers, in which case they are mainly a spokesperson for the organization. The power given depends upon the type of organization, its structure, and the rules it has created for itself. If the chair exceeds their authority, engages in misconduct, or fails to perform their duties, they may face disciplinary procedures. Such procedures may include censure , suspension, or removal from office . The rules of

156-541: A chief marketing officer (CMO), particularly mature companies in competitive sectors, where brand management is a high priority. A chief value officer (CVO) is introduced in companies where business processes and organizational entities are focused on the creation and maximization of value. Approximately 50% of the S&;P 500 companies have created a chief strategy officer (CSO) in their top management team to lead strategic planning and manage inorganic growth, which provides

208-472: 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 meetings or conferences, to "chair" something (chairing) means to lead the event. Terms for the office and its holder include chair , chairperson , chairman , chairwoman , convenor , facilitator , moderator , president , and presiding officer . The chair of

260-448: A chairman of the board or a president (or both), as well as a secretary and a chief financial officer. Limited liability company (LLC)-structured companies are generally run directly by their members, but the members can agree to appoint officers such as a CEO or to appoint "managers" to operate the company. American companies are generally led by a CEO. In some companies, the CEO also has

312-448: A lead independent director to provide some element of an independent perspective. 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. Companies with both an executive chair and a CEO include Ford , HSBC , Alphabet Inc. , and HP . A vice- or deputy chair, subordinate to

364-535: A long range perspective versus the tactical view of the COO or CFO. This function often replaces a COO on the C-Suite team, in cases where the company wants to focus on growth rather than efficiency and cost containment. A chief administrative officer (CAO) may be found in many large complex organizations that have various departments or divisions. Additionally, many companies now call their top diversity leadership position

416-491: A parliamentary chamber is sometimes called the speaker . Chair has been used to refer to a seat or office of authority since the middle of the 17th century; its earliest citation in the Oxford English Dictionary dates to 1658–1659, four years after the first citation for chairman . Feminist critiques have analysed Chairman as an example of sexist language, associating the male gender with

468-423: A quasi-title gained particular resonance when socialist states from 1917 onward shunned more traditional leadership labels and stressed the collective control of Soviets (councils or committees) by beginning to refer to executive figureheads as "Chairman of the X Committee". Lenin , for example, officially functioned as the head of Soviet Russian government not as prime minister or as president but as "Chairman of

520-402: A senior officer may also hold a vice president title, such as executive vice president and chief financial officer (CFO). The board of directors is technically not part of management itself, although its chairman may be considered part of the corporate office if he or she is an executive chairman. A corporation often consists of different businesses, whose senior executives report directly to

572-441: A single deputy chair. This type of deputy chair title on its own usually has only an advisory role and not an operational one (such as Ted Turner at Time Warner). An unrelated definition of vice- and deputy chairs describes an executive who is higher ranking or has more seniority than an executive vice-president (EVP). General counsel A general counsel , also known as chief counsel or chief legal officer ( CLO ),

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624-509: Is a Korean translation for " chief operating officer " ( 최고운영책임자, choego unyŏng chaegimja ), not companies have yet adopted it with the exception of a few multi-nationals such as Samsung and CJ (a spin-off from Samsung), while the CFO title is often used alongside other titles such as bu-sajang (SEVP) or Jŏnmu (EVP). Since the late 1990s, many Japanese companies have introduced the title of shikkō yakuin (執行役員) or 'officer', seeking to emulate

676-535: Is an association of 700 general counsel and senior managing counsel. The non-profit organization was founded in the fall of 1998 as the Dallas-Fort Worth General Counsel's Management Practices Forum (“DFWGCMPF”). The association is a partnership between in-house members and outside counsel, known as underwriters. Members are general counsel and managing counsel of corporations, non-profit organizations and government agencies. The mission of

728-455: Is equivalent to the position of président-directeur général in France. Executive chair is an office separate from that of CEO, where the titleholder wields influence over company operations, such as Larry Ellison of Oracle , Douglas Flint of HSBC and Steve Case of AOL Time Warner . In particular, the group chair of HSBC is considered the top position of that institution, outranking

780-515: Is middle management and may be called "vice presidents", " directors " or "managers", depending on the size and required managerial depth of the company. In British English, the title of managing director is generally synonymous with that of chief executive officer. Managing directors do not have any particular authority under the Companies Act in the UK, but do have implied authority based on

832-510: Is often called the "C-suite", or "CxO", where "x" is a variable that could be any functional area (not to be confused with CXO ). The traditional three such officers are CEO , COO , and CFO . Depending on the management structure, titles may exist instead of, or be blended/overlapped with, other traditional executive titles, such as president , various designations of vice presidents (e.g. VP of marketing), and general managers or directors of various divisions (such as director of marketing);

884-554: Is the chief in-house lawyer for a company or a governmental department. In a company, the person holding the position typically reports directly to the CEO , and their duties involve overseeing and identifying the legal issues in all departments and their interrelation, including engineering, design, marketing, sales, distribution, credit, finance, human resources and production, as well as corporate governance and business policy. This would naturally require in most cases reporting directly to

936-428: Is the presiding officer of an organized group such as a board , committee , or deliberative assembly . 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. In some organizations, the chair is also known as president (or other title). In others, where

988-905: The Council of People's Commissars ". At the same time, the head of the state was first called "Chairman of the Central Executive Committee " (until 1938) and then "Chairman of the Presidium of the Presidium of the Supreme Soviet ". In Communist China, Mao Zedong was commonly called "Chairman Mao", as he was officially Chairman of the Chinese Communist Party and Chairman of the Central Military Commission . In addition to

1040-423: The chief diversity officer (CDO). However, this and many other nontraditional and lower-ranking titles are not universally recognized as corporate officers, and they tend to be specific to particular organizational cultures or the preferences of employees. Chairman of the board – presiding officer of the corporate board of directors. The chairman influences the board of directors, which in turn elects and removes

1092-523: The 1980s, however, the general counsel position has become increasingly prominent in multinational companies, often directly advising the board of directors in place of outside lawyers. General counsel are now often among the most highly paid executives of major American corporations, with many earning seven-figure or eight-figure compensation packages. Prominent American government lawyers and law firm partners are often hired for general counsel roles at prominent companies. Similar trends are also being seen in

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1144-544: The CEO or COO, but that depends on the form of the business. If organized as a division then the top manager is often known as an executive vice president (EVP) . If that business is a subsidiary which has considerably more independence, then the title might be chairman and CEO. In many countries, particularly in Europe and Asia, there is a separate executive board for day-to-day business and supervisory board (elected by shareholders) for control purposes. In these countries,

1196-489: The CEO or Project Director is not a person with a strong technical background related to the aid program focus such as economic development, renewable energy, human rights, agriculture, WASH, emergency responses, etc. The CTO provides guidance and advice to the program implementation team related to technical things. In some development aid programs, this position is similar to the technical director. Chairman The chair , also chairman , chairwoman , or chairperson ,

1248-412: The CEO presides over the executive board and the chairman presides over the supervisory board, and these two roles will always be held by different people. This ensures a distinction between management by the executive board and governance by the supervisory board. This seemingly allows for clear lines of authority. There is a strong parallel here with the structure of government, which tends to separate

1300-521: The Forum is to improve the professional lives of general counsel and managing counsel through meaningful opportunities for peer-to-peer interaction and knowledge exchange, mentoring through professional development in legal best practices, ethics, governance, and compliance. In November 2000, the DFWGCMPF changed its name to The Texas General Counsel Forum, also known as The Forum, and in the following year

1352-590: The Houston Chapter was formed, and then the Austin-San Antonio Chapter was founded. In July 2005, the Forum hired a chief executive officer with the mandate to improve the efficiency and effectiveness of the organization, expand membership, and launch the organization nationally. In November 2009, the board of directors approved expanding the Forum nationally, and dropped the reference to Texas, becoming simply The General Counsel Forum. In

1404-471: The United Kingdom and other countries. General counsel often have broad roles encompassing crisis management and public policy advocacy. Many companies also hire in-house counsel to handle specialized tasks such as tax work, mergers and acquisitions , labor law and intellectual property , sometimes building in-house practice groups that rival the practices of major law firms. The Forum

1456-431: The administrative or executive duties in organizations, the chair presides over meetings. Such duties at meetings include: While presiding, the chair should remain impartial and not interrupt a speaker if the speaker has the floor and is following the rules of the group. In committees or small boards, the chair votes along with the other members; in assemblies or larger boards, the chair should vote only when it can affect

1508-852: The board of directors in supervisory roles. Under the commercial code in Japan, Jugyōin (従業員) meaning the "employee", is different from Kaishain (会社員), meaning the "stockholders". The typical structure of executive titles in large companies includes the following: 商人 使用者 商業使用人 使用者 労働者 被用者 被雇用者 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. For example, although there

1560-578: The board, such as: Many companies in the US have an executive chair; this method of organization is sometimes called the American model. Having a non-executive chair is common in the UK and Canada; this is sometimes called the British model. Expert opinion is rather evenly divided over which is the preferable model. There is a growing push by public market investors for companies with an executive chair to have

1612-487: The chair oversaw the controls of the business through compliance and audit and the direction of the business. Non-executive chair is also a separate post from the CEO; unlike an executive chair, a non-executive chair does not interfere in day-to-day company matters. Across the world, many companies have separated the roles of chair and CEO, saying that this move improves corporate governance. The non-executive chair's duties are typically limited to matters directly related to

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1664-413: The chair, is sometimes chosen to assist and to serve as chair in the latter's absence, or when a motion involving the chair is being discussed. In the absence of the chair and vice-chair, groups sometimes elect a chair pro tempore to fill the role for a single meeting. In some organizations that have both titles, deputy chair ranks higher than vice-chair, as there are often multiple vice-chairs but only

1716-405: The chief executive, and is responsible for leading the board and representing the company in meetings with government figures. Before the creation of the group management board in 2006, HSBC's chair essentially held the duties of a chief executive at an equivalent institution, while HSBC's chief executive served as the deputy. After the 2006 reorganization, the management cadre ran the business, while

1768-513: The course of performing work delegated to them by the board of directors, and are considered managers of the company rather than employees, with a legal status similar to that of directors. Shikkō yakuin are considered employees of the company that follow the decisions of the board of directors, although in some cases directors may have the shikkō yakuin title as well. The highest-level executives in senior management usually have titles beginning with "chief" and ending with "officer", forming what

1820-571: The division/subsidiary heads and senior officers that report directly to the CEO. State laws in the United States traditionally required certain positions to be created within every corporation, such as president , secretary and treasurer . Today, the approach under the Model Business Corporation Act , which is employed in many states, is to grant corporations discretion in determining which titles to have, with

1872-627: The exercise of authority, this has led to the widespread use of the generic "Chairperson". In World Schools Style debating , as of 2009, chairperson or chair refers to the person who controls the debate; it recommends using Madame Chair or Mr. Chairman to address the chair. The FranklinCovey Style Guide for Business and Technical Communication and the American Psychological Association style guide advocate using chair or chairperson . The Oxford Dictionary of American Usage and Style (2000) suggested that

1924-707: The fall of 2012, the General Counsel Forum founded the Chicago Chapter. In the United Kingdom a group of general counsel, called the GC100, was officially launched on 9 March 2005 and brings together the senior legal officers of more than eighty-five FTSE 100 companies. The GC100 group was created in response to the increasing volume and complexity of domestic and international law and regulation which impacts on UK listed companies. The group

1976-697: The formal titles that are used on business cards. Korean corporate titles are similar to those of Japan. Legally, Japanese and Korean companies are only required to have a board of directors with at least one representative director. In Japanese, a company director is called a torishimariyaku (取締役) and a representative director is called a daihyō torishimariyaku (代表取締役). The equivalent Korean titles are isa (이사, 理事) and daepyo-isa (대표이사, 代表理事). These titles are often combined with lower titles, e.g. senmu torishimariyaku or jōmu torishimariyaku for Japanese executives who are also board members. Most Japanese companies also have statutory auditors , who operate alongside

2028-424: The gender-neutral forms were gaining ground; it advocated chair for both men and women. The Daily Telegraph 's style guide bans the use of chair and chairperson ; the newspaper's position, as of 2018, is that "chairman is correct English". The National Association of Parliamentarians adopted a resolution in 1975 discouraging the use of chairperson and rescinded it in 2017. The word chair can refer to

2080-414: The general understanding of what their position entails, as well as any authority expressly delegated by the board of directors. In Japan, corporate titles are roughly standardized across companies and organizations; although there is variation from company to company, corporate titles within a company are always consistent, and the large companies in Japan generally follow the same outline. These titles are

2132-736: The latter may or may not imply membership of the board of directors . Certain other prominent positions have emerged, some of which are sector-specific. For example, chief audit executive (CAE), chief procurement officer (CPO) and chief risk officer (CRO) positions are often found in many types of financial services companies. Technology companies of all sorts now tend to have a chief technology officer (CTO) to manage technology development. A chief information officer (CIO) oversees information technology (IT) matters, either in companies that specialize in IT or in any kind of company that relies on it for supporting infrastructure. Many companies now also have

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2184-470: The officers of a corporation and oversees the human, financial, environmental and technical operations of a corporation. This position is sometimes called "Chief technical officer", and often has the responsibility of managing the "technical issues" related to products or services in organizations that are not necessarily focused on technology. This is relatively common in NGOs and the development aid sector when

2236-539: The only mandated organ being the board of directors. Some states that do not employ the MBCA continue to require that certain offices be established. Under the law of Delaware , where most large US corporations are established, stock certificates must be signed by two officers with titles specified by law (e.g. a president and secretary or a president and treasurer). Every corporation incorporated in California must have

2288-417: The organization would provide details on who can perform these disciplinary procedures. Usually, whoever appointed or elected the chair has the power to discipline them. There are three common types of chair in public corporations. The chief executive officer (CEO) may also hold the title of chair, in which case the board frequently names an independent member of the board as a lead director. This position

2340-545: The owner or CEO overseeing the very business on which the CLO is expected to be familiar with and advise on the most confidential level. This requires the CLO/general counsel to work closely with each of the other officers, and their departments, to appropriately be aware and advise. Historically, general counsel often handled administrative tasks while outside lawyers in private practice handled more complex legal work. Since

2392-403: The place from which the holder of the office presides, whether on a chair, at a lectern, or elsewhere. During meetings, the person presiding is said to be "in the chair" and is also referred to as "the chair". Parliamentary procedure requires that members address the "chair" as "Mr. (or Madam) Chairman (or Chair or Chairperson)" rather than using a name – one of many customs intended to maintain

2444-668: The political cabinet from the management civil service . In the United States and other countries that follow a single-board corporate structure, the board of directors (elected by the shareholders) is often equivalent to the European or Asian supervisory board, while the functions of the executive board may be vested either in the board of directors or in a separate committee, which may be called an operating committee ( J.P. Morgan Chase ), management committee ( Goldman Sachs ), executive committee ( Lehman Brothers ), executive council ( Hewlett-Packard ), or executive board ( HeiG ) composed of

2496-433: The presiding officer's impartiality and to ensure an objective and impersonal approach. In the British music hall tradition, the chairman was the master of ceremonies who announced the performances and was responsible for controlling any rowdy elements in the audience. The role was popularised on British TV in the 1960s and 1970s by Leonard Sachs , the chairman on the variety show The Good Old Days . "Chairman" as

2548-403: The result. At a meeting, the chair only has one vote (i.e. the chair cannot vote twice and cannot override the decision of the group unless the organization has specifically given the chair such authority). The powers of the chair vary widely across organizations. In some organizations they have the authority to hire staff and make financial decisions. In others they only make recommendations to

2600-443: The separation of directors and officers found in American companies. In 2002, the statutory title of shikkō yaku (執行役) was introduced for use in companies that introduced a three-committee structure in their board of directors. The titles are frequently given to buchō and higher-level personnel. Although the two titles are very similar in intent and usage, there are several legal distinctions: shikkō yaku make their own decisions in

2652-472: The title of "president". In other companies, a president is a different person, and the primary duties of the two positions are defined in the company's bylaws (or the laws of the governing legal jurisdiction). Many companies also have a CFO, a COO and other senior positions such as chief legal officer (CLO), chief strategy officer (CSO), chief marketing officer (CMO), etc. that report to the president and CEO. The next level, which are not executive positions,

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2704-528: Was formed with the support of Practical Law Company which acts as its secretariat. The main objectives of the GC100 are to: Membership of the GC100 is by invitation only. At the AGM on the 16 January 2007 members voted in favour of extending membership to company secretaries as well as general counsel in the FTSE 100. The formal name of the GC100 is now "The Association of General Counsel and Company Secretaries of

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