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Corporate Hierarchy (Chair of Board (COB) selected by (Chairman (also can…
Corporate Hierarchy
Chair of Board (COB)
selected by
Chairman (also can be) CEO
its a hierarchy loop
Internal Board Of Directors
CEO (also can be) Chairman
Interlocking Directories
due to controversy in interlocking directories, a lot of power is shifted to CEO instead
CFO
functions
looks after
FP & A Manager aka (Management Accounting)
Heads the management accounting department
Other functions to handle
set target for sales n production
3 more items...
looks after
Serior Analyst
1 more item...
the Controller
Heads the financial accounting department
the Treasurer
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.
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THINGS NEEDED TO BE CFO
Some Manager
COO
Sales &/or Production
Targets
THINGS NEEDED TO BE COO
Outside director
also known as executive director if also under company's management team
Purely non executive direcor - controlled by outside company bodies
Dummy Director(s)
Classified / Staggered Board
class 1
class 2
class 3