Bharat Entrepreneurs

Chief Executive Officer(CEO)

• Has general supervision over the company
• Presides at all corporate meetings
• Is often also the chairman of the board
• Has the power to sign all corporate documents, share certificates, and other instruments except , where by law, president must sign
• Is often made an ex officio member of all standing committees

President

• May also be the CEO
• May substitute for the chairman of the board in his or her absence.
• Power is limited to matters that arise within the ordinary course of business and are in the best interests of the company, including, but not limited to : calling special meetings of shareholders; fixing compensation paid to officers;appointing and removing officers; setting out the duties of subordinate officers
• Has implicit powers with respect to carrying out aothorised acts on behalf of the company
• Has authority to perform any act that the directors authorize and ratify, unless powers are restricted in the company’s charter, articles, or bylaws
• Unauthorized legal acts may be ratified subsequently by the directors

Vice President

• Acts as assistant to the president
• Is often assigned an important role in corporate administration
• Assumes president’s power and duties and acts in his or her place in the event of president’s absence, death, or incapacity
• Has no other powers by virtue of the office; without express or implied authority, cannot manage or bind the company
• Designated by seniority in situations where a company has multiple vice presidents

Corporate Secretary

• Keeps corporate books and has charge of corporate seal
• Has additional powers, which may include: preparing shareholder lists for annual meetings; maintaining and recording entries in stock ledger; signing corporate documents and instruments.
• Authority determined primarily by character of corporate business and relative powers of other officers
• Powers may overlap with those of treasurer, controller, or auditor

Treasurer

• Usual powers include:car, custody and maintenance of corporate funds and securities; maintenance of books of accounts and records ; preparation of financial statements; disbursement of corporate funds
• Has powers delegated to it by directors, committees, or by direction of president/CEO
• Is often appointed to finance committee and as adviser to other officers in financial matters

General Manager

• Has authority to perform acts necessary in usual and ordinary course of company’s business
• Specific functions vary with size and nature of business, and as delegated by directors, committees, or president/CEO
• Authority may be limited to general management over specific portions of the business, such as manufacturing or sales

Controller

• Is chief accounting officer with powers including , but not limited to : maintenance and audit of company’s financial records ; preparation of financial statements; supervision of company accounting practices
• Works with audit committee, outside auditors, creditors, and corporate counsel

Assistant Officers

• Perform specific duties assigned by directrs and other senior officers
• May substitute for senior officers during absences

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