Corporate Officers

Vice presidents in small companies are also referred to as chiefs of a certain division such as vice president for finance or vice president for administration.

Corporate officers. Corporate officers are high level management executives hired by the business s owner or board of directors. Officers of corporations as you will see have specific duties relating to the overall board of directors duties. Courts have consistently held s corporation officers.

The corporate officers usually consist of a president one or more vice presidents the secretary and a treasurer. Many times corporate officers such as the cfo coo cio cto secretary or treasurer will concurrently hold vice president titles commonly evp or svp. Officers can also be shareholders and directors but don t necessarily have to be.

Officers are usually appointed by the corporation s board of directors and while specific positions may vary from one corporation to another typical corporate officers include. Chief executive officer ceo or president. Chief analytics officer cao the senior manager responsible for the analysis.

When corporate officers perform a service for the corporation and receive or are entitled to payments those payments are considered wages. In this case the liability of the individual is increased. Examples include the organization s chief executive officer ceo chief financial officer cfo treasurer president vice president and secretary.

For example a. The fact that an officer is also a shareholder does not change this requirement. Corporate titles or business titles are given to company and organization officials to show what duties and responsibilities they have in the organization.

Corporate officers are the people with day to day responsibility for running the corporation such as the chief executive chief financial officer and treasurer. Chief administrative officer cao a top tier executive who supervises the daily operations of a business and is ultimately responsible for its performance. Such payments to the corporate officer are treated as wages.