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Management of a Corporation (view source)
Revision as of 03:53, August 30, 2016
, 03:53, August 30, 2016clean up
There are three classes of management in a formal corporate enterprise: 1) The Board of Directors, 2) Officers and 3) Managers.
There are three classes of management in a formal corporate enterprise: The Board of Directors, Officers, and Managers.
The Board of Directors are elected by the Shareholders to provide broad oversight and guidance to the Officers of the Corporation. Boards will have various committees with specific duties, such as the Audit Committee to liaise with the company's auditors, the Compensation Committee to determine the appropriate compensation for various senior managers, and many other ad hoc committees depending upon the needs of the business at the time.
The Board of Directors are elected by the Shareholders to provide broad oversight and guidance to the Officers of the Corporation. Boards will have various committees with specific duties, such as the Audit Committee to liaise with the company's auditors, the Compensation Committee to determine the appropriate compensation for various senior managers, and many other ad hoc committees depending upon the needs of the business at the time.