President (corporate title)

The President is a leader of an organization, company, community, club, trade union, university or other group. In many organizations, it is the legally recognized highest "titled" corporate officer, ranking above the various Vice Presidents (e.g. Senior Vice President and Executive Vice President). The president may also be the chairperson. The relationship between the president and the Chief Executive Officer varies, depending on the structure of the specific organization. In a similar vein to the Chief Operating Officer, the title of corporate President as a separate position (as opposed to being combined with a "C-Suite" designation, such as "President and Chief Executive Officer" or "President and Chief Operating Officer") is also loosely defined; the President is usually the legally recognized highest "titled" corporate officer, ranking above the various Vice Presidents (including Senior Vice President and Executive Vice President), however that post on its own is generally considered subordinate to the CEO. The powers of the president vary widely across organizations and such powers come from specific authorization in the bylaws (e.g. the president can make an "executive decision" only if the bylaws allow for it).

Originally, the term "president" was used to designate someone who presided over a meeting, and was used in the same way that "foreman" or "overseer" is used now (the term is still used in that sense today). It has now also come to mean "chief officer" in terms of administrative or executive duties.

In addition to the administrative or executive duties in organizations, the president has the duties of presiding over meetings. Such duties at meetings include:

While presiding, the president should remain impartial and not interrupt a speaker if the speaker has the floor and is following the rules of the group. In committees or small boards, the president votes along with the other members. However, in assemblies or larger boards, the president should vote only when it can affect the result. At a meeting, the president only has one vote (i.e. the president cannot vote twice and cannot override the decision of the group unless the organization has specifically given the president such authority).

The powers of the president vary widely across organizations. In some organizations the president has the authority to hire staff and make financial decisions, while in others the president only makes recommendations to a board of directors, and still others the president has no executive powers and is mainly a spokesman for the organization. The amount of power given to the president depends on the type of organization, its structure, and the rules it has created for itself.

If the president exceeds the given authority, engages in misconduct, or fails to perform the duties, the president may face disciplinary procedures. Such procedures may include censure, suspension, or removal from office. The rules of the particular organization would provide details on who can perform these disciplinary procedures and the extent that they can be done. Usually, whoever appointed or elected the president has the power to discipline this officer.

This page was last edited on 2 May 2018, at 20:37 (UTC).
Reference: https://en.wikipedia.org/wiki/President_(corporation) under CC BY-SA license.

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