Corporate President
The corporate president , formally only President ( German : (corporate) president), is a function in companies , communities , clubs , unions and others, especially in the United States . In many of these forms of society , the president is recognized as the highest office. The duties and responsibilities, and therefore the authority and power of the President, vary greatly from one organization to another .
The president usually reports to one or more vice presidents ( this can be: first vice president, executive vice president, senior vice president and others).
history
Originally, the president was a kind of overseer who should also appoint the chairman of meetings, meetings, conventions, and more. This is still possible for him today. In the meantime, however, he also acts as Chief Officer , which gives him administrative and executive powers.
Position in entrepreneurship
In entrepreneurship, the President's area of responsibility is mostly focused on the management, administration and control of the core areas of the company and its entire operation , in contrast to the Chief Executive Officer , who occupies the position of the top manager of the company and thus the strategic orientation and operational business goals of the company. His job is not to be confused with that of the Chief Operating Officer , whose work focuses on the control and administration of the actual product or service .
Depending on the company statutes and the internal organization, it can also happen that the designation "President" is only used alongside other functional designations, e.g. B: CEO or COO is managed.
Powers and Powers
As already explained, the tasks and thus also the authority and power of the President can vary greatly depending on the organization . In some organizations, he is able to hire staff and make financial decisions. In others it is only possible for him to advise the board of directors , in still others the president has no administrative and executive powers, but is mainly a representative. The scope of his tasks depends on the type of company, its structure and the guidelines you have drawn up yourself.
Disciplinary proceedings
If the President his power improperly used or its not met in the assigned tasks, one can against him disciplinary proceedings are initiated. Such a process can result in sanctions , restrictions or even dismissal . The process and its potential consequences are designed by the organization. Normally, the body that appointed or elected the president has the power to withdraw his function.
See also
Individual evidence
- ↑ 'President' Once Meant Little More Than 'Foreman' , on npr.org in English (accessed September 17, 2017)
- ↑ President on dictionary.com , in English (accessed September 17, 2017)
- ↑ How can we get rid of officers we don't like before their term is up? , on robertsrules.com in English (accessed September 17, 2017)