President (corporate title)

AGM Annual General Meeting of a typical small (141 member) volunteer organisation

President (corporate title)

The President is a corporate title used by executives in organizations to denote a senior position, often being the second in command after the Chief Executive Officer (CEO). The role and responsibilities of a President can vary significantly between organizations, depending on the company's size, culture, and corporate structure.

Roles and Responsibilities

The President of a company is primarily responsible for implementing the company's policy and vision as established by the Board of Directors. They often oversee the daily operations of the organization, ensuring that the company remains productive and efficient. In some cases, especially in smaller companies, the President may also serve as the CEO. The President may be responsible for:

• Setting company goals and strategies
• Overseeing budgeting and finance
• Managing senior executives
• Developing and maintaining company culture
• Representing the company in public and professional settings

Position in Corporate Hierarchy

In the corporate hierarchy, the President usually ranks just below the CEO but above the Vice Presidents and other executives. In some organizations, the title of President and CEO are held by the same person, blurring the lines between the two roles. However, when the roles are separate, the President typically reports directly to the CEO and may have significant input in company decisions.

Variations Across Organizations

The role of President can vary widely among different organizations. In some companies, the title is used to denote the head of a particular division or region (e.g., President of North American Operations). In others, the President may act more like a Chief Operating Officer (COO), with a focus on the day-to-day management of the company.

Appointment and Tenure

The appointment of a President is typically decided by the company's Board of Directors or the CEO. The tenure of a President can vary, with some serving fixed terms and others remaining in the role indefinitely, at the discretion of the company's leadership.

Challenges and Opportunities

Serving as a President in a corporation comes with its set of challenges and opportunities. Presidents must navigate the complexities of managing large teams, making high-stakes decisions, and steering the company through periods of change. However, it also offers the opportunity to shape the direction of the company, mentor future leaders, and contribute to the organization's success.

See Also

• Chief Executive Officer
• Vice President
• Board of Directors
• Chief Operating Officer