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Q: corporation president;s duties. ( Answered 5 out of 5 stars,   0 Comments )
Question  
Subject: corporation president;s duties.
Category: Business and Money > Small Businesses
Asked by: tzuberp-ga
List Price: $25.00
Posted: 07 Feb 2006 03:51 PST
Expires: 09 Mar 2006 03:51 PST
Question ID: 442543
What are the duties of the President of the Board of a Corporation? He
is not an employee, is not on the payroll, but appears at the factory
5-6 times each day - pesters, interrupts, gives orders, makes demands.
Are these behaviors normal or average for the President of the Board
of Stockholders.
Answer  
Subject: Re: corporation president;s duties.
Answered By: wonko-ga on 07 Feb 2006 12:28 PST
Rated:5 out of 5 stars
 
In my experience, this type of behavior is quite unusual, particularly
if the company is very large.  The characteristics of this person's
position you describe would suggest this person is a nonexecutive
chairperson.  However, even an executive chairperson, who participates
in a company's day-to-day operations, would typically not involve
themselves in the minutiae of a specific factory's operations on an
ongoing basis.

Conventionally, high-level executives are more involved in broader
management issues and strategy on a daily basis.  If this is a small
company with a single factory, and the person you describe has a
significant ownership stake in the enterprise, then this behavior is a
little less out of place.  However, even in those cases continuing
behavior like this, unless there are particular problems at the
factory that are broadly impacting the company, would strike me as
being rare, at least in the United States.

Sincerely,

Wonko

Sources:

"All organizations have specific goals and objectives that they strive
to meet. Top executives devise strategies and formulate policies to
ensure that these objectives are met. Although they have a wide range
of titles such as chief executive officer, chief operating officer,
board chair, president, vice president, school superintendent, county
administrator, or tax commissioner?all formulate policies and direct
the operations of businesses and corporations, public sector
organizations, nonprofit institutions, and other organizations.

A corporation?s goals and policies are established by the chief
executive officer in collaboration with other top executives, who are
overseen by a board of directors. In a large corporation, the chief
executive officer meets frequently with subordinate executives to
ensure that operations are conducted in accordance with these
policies. The chief executive officer of a corporation retains overall
accountability; however, a chief operating officer may be delegated
several responsibilities, including the authority to oversee
executives who direct the activities of various departments and
implement the organization?s policies on a day-to-day basis. In
publicly held and nonprofit corporations, the board of directors
ultimately is accountable for the success or failure of the
enterprise, and the chief executive officer reports to the board."

"Top Executives" US Department of Labor Bureau of Labor Statistics
http://www.bls.gov/oco/ocos012.htm

"CEO or President. The corporation's CEO or President generally is
responsible for the overall day-to-day activities of the corporation
(some of which are often delegated to other officers). The CEO
typically signs major contracts, stock certificates, and other legal
documents, as required. The CEO acts under the direction of the Board.
For substantial actions to be taken, the CEO will act on behalf of the
corporation by corporate resolution;"

"The Role of Officers of a Corporation" to AllBusiness (2006)
http://www.allbusiness.com/articles/Incorporation/532-31-1783.html#

"The main duties of the board are to choose the chief executive
officer and other officers to run the day-to-day operations of the
corporation and to exercise high-level oversight. Typically corporate
boards are involved in issues of ownership, strategy, financing, and
mergers and acquisitions.

"The main duties of the board are to choose the chief executive
officer and other officers to run the day-to-day operations of the
corporation and to exercise high-level oversight. Typically corporate
boards are involved in issues of ownership, strategy, financing, and
mergers and acquisitions."

"The board is run by the chairman of the board."

"Board of Directors" Wikipedia (January 25, 2006)
http://en.wikipedia.org/wiki/Board_of_directors

"Function
Typically, a chairperson is responsible for determining the final
agenda for each meeting, ensuring that all issues raised during it are
addressed, and ensuring all participants operate within the rules of
order ? rules previously defined and agreed to for the group.

A rotating chair is a person who functions in that capacity only for
that meeting and will cede it to another for the next meeting.

Types
Generally, there are two types of chairpersons: non-executive and executive.

A non-executive chairperson will sit on and chair the main board of a
company and be a part-time officer who usually provides support and
advice to a chief executive officer (CEO). This position usually
entails fulfulling a similar function on a number of ancillary board
committees.

An executive chairperson is a full-time position who typically not
only leads the board but will also take a hands-on role in the
companies day to day running. An executive chairperson frequently sits
on the management executive committee of the company, though this
committee may still be led by the CEO."

"Chairperson" Wikipedia (January 30, 2006) http://en.wikipedia.org/wiki/Chairperson

Search terms: chairman Board of Directors duties Corporation;
president Board of Directors duties Corporation
tzuberp-ga rated this answer:5 out of 5 stars

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