Corporate Hierarchies
Just thought I would share the write-up I made of corporate hierarchies and the various positions within them, in case they were of use to anyone.
Investors (anyone who invests money in a corporation):
"[T]here are some fundamental differences between an investor vs shareholder. An investor can invest money into a company without the need for shares to be issued. [This means] investors may choose to invest in any sort of business structure, including a sole proprietorship, a partnership, etc. It is quite common for investors to place money in startup businesses to aid their growth and development. This is an action shareholders cannot do, as shareholders can only become equity owners when the company decides to issue its shares." (https://lawpath.com.au/blog/investor-vs-shareholder-whats-the-difference)
Basically, a loan provider (though repayment is not always required).
All shareholders are investors but not all investors are shareholders.
Shareholders:
Anyone who owns stocks/shares (there is a difference but it varies depending on who is writing).
Has meetings such as the Annual General Meetings (AGM), though who can attend these is dependent on the organisation and can be limited to those who possess a certain amount of stocks/shares.
At the AGM, they can establish a Nomination Committee - a committee to select new board members - by calling for a vote to do so (voting against such a request is generally not done).
Members of the Nomination Committee must come from the board.
Shareholders can also directly nominate candidates for the board (this is called Nomination from the Floor) but only if the company bylaws allow for this.
Executive Chairman/Chairman of the Board
Selected by majority vote by the board of directors.
Calls for and heads the board of directors.
Board of Directors:
Elected by the Shareholders via the Nomination Committee.
Maximum of fifteen legal entities (corporations can be on the board of directors for other corporations).*
Set the overall goals of a company, e.g. regional/market-share expansion, "greening," or cost-reduction.
Monitoring progress towards these goals and reporting this information to shareholders.
*"The law as it stands requires that only one director on a company’s board be a “natural” person and any number may be corporate directors. Provision to prohibit the use of corporate directors was made in the Small Business, Enterprise and Employment Act 2015 but this has yet to come into force." (https://www.downthewireblog.com/2020/12/limit-on-corporate-directors-consultation-opens/#:~:text=The%20law%20as%20it%20stands,yet%20to%20come%20into%20force)
Committees:
One or more legal entities are usually comprised of a subsection of the board of directors.
They have a more specific mission than the board of directors - which usually assigns them their mission.
Standing committees meet on an ongoing basis.
Special committees meet for a limited period to address a specific problem or need (e.g. the nomination committee).
Examples include:
The executive committee (recruitment and performance reviews senior management and evaluation and negotiation of confidential business opportunities);
The audit committee (oversees the organisation's financial reporting process);
The governance committee (addresses meeting calendars, the nomination of board directors, the formation and membership of committees and changes to bylaws).
Chairman (usually Chief Executive Officer - CEO):
CEOs are hired by the board of directors (internally or externally).
Heads Executive Team Meetings (ETMs).
C-Suite
Smaller companies will have two or three c-suite executives (CEO, CFO, COO), larger companies could have seventeen or more.
Chief Marketing Officer (CMO)
Chief Administration Officer (CAO)
Chief Executive Officer (CEO)
Chief Financial Officer (CFO)
Chief Operating Officer (COO)
Chief Information Officer (CIO)
Chief Commercial Officer (CCO)
Chief Human Resources Manager (CHRM)
Chief Strategy Officer (CSO)
Chief IT Architect (CITA)
Chief Learning Officer (CLO)
Chief Procurement Officer (CPO)
Chief Privacy Officer (CPO)
Chief Green Officer (CGO)
Some may sit on the board of directors.
Manages the VPs and Senior VPs
V-Level (Vice Presidents & Senior Vice Presidents)
Larger organisational goals.
Sample job titles:
VP of Sales
VP of Marketing
Senior VP of Information
Manages D-Level directors.
D-Level (Directors)
Some day-to-day, some larger organizational goals.
Sample job titles:
Director of Learning for Singapore
Director of Sales for New South Wales
Director of Marketing for Brazil
Director of Operations for Wales
Director of Human Resources for Austin
Manages B-Level managers.
B-Level (Regional/Departmental Managers)
Day-to-Day operations managers for branches or areas.
Sample job titles:
Sales Manager (this will be the Sales Manager for a particular branch or area)
Operations Manager (for a particular branch or area)
Branch Manager
Area Manager
Human Resources Manager
Manages low-level managers.
Low-Level
Manages people.
Supervisors managing ~5-6 employees.**
Managers managing 15-20 employees.**
**Mileage may vary on these classifications.
Employees
Most people (everyone up to and including the C-Suite is an employee).
Has a contract with the employer for consistent*** work and hours.
Either waged or salaried.
***Except zero-hours contracts and shift-work, which vary depending on the demands of the business.
Independent Contractors
A euphemism for precarious workers, like app based delivery/transportation workers.
No contract with the employer for consistent hours, works piecemeal.
---
Officium: Latin for performance of a task, from opus (work) and facere (do).
Officiarius/officialis: Latin for official.
2 notes
·
View notes
Tumblr's private shareholders really are fucking losers
If they actually used this app as intended and interacted with the rest of us, maybe they'd realize why twitter and reddit users moved here as a safe haven and immediately liked it
If you implement their suggestions, users with over 10 yr accounts are going to leave, myself included. I will delete my original blog from 2011, this newer account, & never look back unlike last time in 2018 @staff so hear me out
I have a better suggestion & solution, make the shares public - I and other adults on here who've used y'all for way longer can become your shareholders
As someone who's recommended you all to a 30k+ user base for 2 years, imagine wtf would happen if I could be your walking ad forever because I had 5 stocks. Just 5 and I'll put real ad signage on my car, in all my videos, and even my front lawn because I actually see a future with this website not becoming a knock off twitter and tiktok
2 notes
·
View notes