COMPANY MANAGEMENT: ROLES AND RESPONSIBILITIES | MANAGEMENT MINDS

In any business, there are many roles and responsibilities that need to be fulfilled in order to ensure the success of the company. Each role has a specific purpose that is important for the organisation as a whole. The following is an overview of some of the most common leadership roles and their corresponding responsibilities:h

Shareholders - As shareholders, it is their responsibility to monitor management closely and make sure that they are adhering to shareholder value objectives. It’s also important for them to engage with management on issues relevant to their interests. 

Board of Directors - A board’s job is primarily focused on governance; this means overseeing all aspects of operations while ensuring compliance with corporate policies and regulations.

Shareholders are people who own a part of the company. They have the right to vote for directors and officers and have the power to influence the company's decisions.

Directors are responsible for the running of the company. They are elected by shareholders and are expected to represent their interests.

Officers are responsible for carrying out the instructions of the directors. They are usually employees of the company and are appointed by the directors.

The CEO is responsible for the overall running of the company. He or she is usually the founder or the person who has been running the company for the longest time.

The COO is responsible for the day-to-day running of the company.

The CFO manages the finances of the company.

The CTO is responsible for the technology of the company.

The CMO is responsible for marketing and communications.

The CLO is responsible for legal matters.

Roles of managers vary depending on the type of company. However, in most cases, they are responsible for the direction and objectives of the company.

The roles of shareholders, directors, officers, and managers in a company vary depending on the type of company, but they are all responsible for the direction and objectives of the company.