Corporate Hierarchy (Chair of Board (COB) selected by (Classified /…
Chair of Board (COB)
Classified / Staggered Board
Chairman (also can be) CEO
its a hierarchy loop
Internal Board Of Directors
CEO (also can be) Chairman
due to controversy in interlocking directories, a lot of power is shifted to CEO instead
FP & A Manager aka (Management Accounting)
Heads the management accounting department
Other functions to handle
set target for sales n production
3 more items...
1 more item...
Heads the financial accounting department
Heads… the treasury department!
give every operational department, including Sales or Production, a target to reach in terms of revenue and expenses. Then you collect information along the way to see how far away the departments are from their targets.
THINGS NEEDED TO BE CFO
Sales &/or Production
THINGS NEEDED TO BE COO
also known as executive director if also under company's management team
Purely non executive direcor - controlled by outside company bodies