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Key Executive Roles Explained

The document describes 10 roles within an organization: 1) Chairman & Managing Director oversees meetings and business operations. A Managing Director runs daily operations or a business unit. 2) Vice Chairman assists the Chairman and acts in their absence. 3) A Senior Vice President supervises departments and regions, makes high-level decisions, and ensures compliance. The roles described focus on leadership and management positions within an organization.

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0% found this document useful (0 votes)
169 views5 pages

Key Executive Roles Explained

The document describes 10 roles within an organization: 1) Chairman & Managing Director oversees meetings and business operations. A Managing Director runs daily operations or a business unit. 2) Vice Chairman assists the Chairman and acts in their absence. 3) A Senior Vice President supervises departments and regions, makes high-level decisions, and ensures compliance. The roles described focus on leadership and management positions within an organization.

Uploaded by

Reon George
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Brief Description of each role:

1) Chairman & Managing Director - The chairman, chairwoman or chairperson, is the presiding officer of an
organized group such as a board, committee. The person holding the office, who is typically elected or appointed by members
of the group, presides over meetings of the group, and conducts the group's business in an sequential manner.A chairman is the
leader of a business meeting or group. The chairman often opens a meeting by addressing the group and explaining what the
agenda will be.The powers of the chairperson vary widely across organizations. In some organizations they have the authority
to hire staff and make financial decisions.

Managing Director - A managing director is someone who is responsible for the daily operations of a company, organization,
or corporate division. In some countries, the term is equivalent to CEO (Chief Executive Officer) the executive head of a
company. In other countries, managing directors primarily work as the heads of individual business units within a company
rather than heading up the company as a whole.

2) Vice Chairman - A member of a committee, board, group, etc., designated as immediately subordinate to a chairman
and serving as such in the latter's absence; a person who acts for and assists a chairman.In some organizations, the chairperson
is also known as president.

3) Senior Vice President - Senior Vice Presidents hold an executive role in organizations, usually reporting to the CEO
or the President of the company. They supervise a department (e.g. Engineering, Marketing) or a specific region where the
company operates.The role of the Senior Vice President (SVP) is to play a leading role in high-level organizational decisions
and daily operations.They supervise Vice Presidents and managers and evaluate each department’s performance. They also
ensure employee compliance with company policies.
4) Deputy General Manager - The deputy general manager is an executive position who's primary function is to learn
the CEO's duties in case they ever have to fill in for the CEO. That is their primary responsibility, to be an emergency fill-in
for the CEO, or the top position in any company. They spend the majority of their time assisting CEOs with what they do so
that they may learn the position.

5) Safety Officer - A safety officer, also known as an occupational health and safety officer, is a key professional in the
work environment. Safety officers provide safety management, advice, monitoring, and reporting in the workplace, and engage
staff in programs that ensure safe practice in the workplace.The role of a safety officer can vary from company to company,
but they all have one thing in common — ensuring the safety of everyone in the workplace. They verify that everyone on the
site is following safe work practices and doing their jobs safely.

6) Chief Financial Officer - The term chief financial officer (CFO) refers to a senior executive responsible for managing
the financial actions of a company. The CFO's duties include tracking cash flow and financial planning as well as analyzing
the company's financial strengths and weaknesses and proposing corrective actions.The role of a CFO is similar to a treasurer
or controller because they are responsible for managing the finance and accounting divisions and for ensuring that the
company’s financial reports are accurate and completed in a timely manner.

7) Senior Manager & Manager - Although a manager and a senior manager both perform administrative and
supervisory duties, their exact role within an organization may differ. Manager vs. senior manager duties may also depend on
the company, domain and industry.A senior manager performs administrative and supervisory duties.Managers in a senior-
level position
may possess many of the same responsibilities as a manager, though on a more strategic level.Senior managers may manage
supervisors and managers who work under them. They provide guidance and assistance to these professionals to fulfil their
duties and perform well in their respective roles. Senior managers who are in charge of several supervisory roles may have
significantly greater responsibilities than professionals in those supervisory roles.

8) Assistant Manager - The assistant manager ensures operational excellence by performing managerial tasks, such as
scheduling, maintaining inventory, and/or evaluating employee performance. Regardless of the industry they work in, which
can vary greatly, he or she bridges the gap between upper management and staff.An assistant manager is usually a step below a
manager, and has the authority needed to do most things the manager can do when the manager is unavailable. Those with
assistant manager titles act to support the overall manager, and they can be sent to complete tasks on their own.

9) Associate Vice President - Associate vice presidents (AVP) of financial operations work with a vice president to
maintain the financial integrity of an organization, including ensuring the efficiency of its internal control environment. They
are primarily tasked with ensuring that the company maintains sound financial management practices, as well as overseeing
fiscal operations, accounts payable/receivable, budget, payroll, purchasing, and other areas.An associate vice president's
role is to implement the company's policies and regulations, all while overseeing the business operations within a
particular area. Typically responding to a president or stakeholders, an associate vice president's responsibilities
revolve around supervising management officials, devising strategies to boost sales and public brand awareness,
liaise with external key suppliers and agencies, and craft new policies when necessary. Furthermore, an associate
vice president must promptly respond to issues and concerns and develop a budget for the company.

10)General Manager - A general manager (GM) is an executive who has overall responsibility for managing both the
revenue and cost elements of a company's income statement, known as profit & loss (P&L) responsibility. A
general manager usually oversees most or all of the firm's marketing and sales functions as well as the day-to-day
operations of the business. Frequently, the general manager is responsible for effective planning, delegating,
coordinating, staffing, organizing, and decision making to attain desirable profit making results for an organization.

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