1. IT Organisational
Structure:
1. Board of Directors :
These are elected by the shareholders, the board of directors are made up of two types of representatives .The first type includes individuals chosen from within the company , this could be the COE , CFO , manager who works for the company for daily basis . The other type of representative is chosen externally and is considered to be independent from the company. The role of the board is to monitor the managers of a corporation, acting as an advocate for stockholders. In essence, the board of directors tries to make sure that shareholders' interests are well served.Further more the board members can be divided into three specialized categories .
Chairman - He is technically the leader of the corporation, the chairman person or chairman of the board is responsible for running the board smoothly . His or her duties typically include maintaining strong communication with the chief executive officer and high-level executives, formulating the company's business strategy, representing management and the board to the general public and shareholders, and maintaining corporate integrity. A chairman is elected from the board of directors.Ø
Inside Directors – These directors are responsible for approving high-level budgets prepared by upper management, implementing and monitoring business strategy, and approving core corporate initiatives and projects. Inside directors are either shareholders or high-level management from within the company. Inside directors help provide internal perspectives for other board members. These individuals are also referred to as executive directors if they are part of company's management team.Ø
Outside Directors – While having the same responsibilities as the inside directors in determining strategic direction and corporate policy, outside directors are different in that they are not directly part of the management team. The purpose of having outside directors is to provide unbiased and impartial perspectives on issues brought to the board.Ø
2. Management Team:
The management team is directly responsible for the daily transactions and profitability of the company.
These managers are essentially the main asset for the corporation from technical aspect to managerial aspect tends to the security aspect .
Chief Executive Officer (CEO) –Is typically responsible for the entire operations of the corporation and reports directly to the chairman and board of directors of the organization for the daily transactions and profitability of the organization .It is CEO’s responsibility and decision to implement initiatives and to maintain a smooth operation of the firm the CEO will also be designated as the company's president and therefore also be one of the inside directors on the board (if not the chairman).Ø
Chief Finance Officer (CFO) – Also reporting directly to the CEO, the CFO is responsible for analyzing and reviewing financial data, reporting financial performance, preparing budgets and monitoring expenditures and costs. The CFO is required to present this information to the board of directors at regular intervals and provide this information to shareholders and regulatory bodies such as the Securities and Exchange Commission (SEC). Also usually referred to as a senior vice president, the CFO routinely checks the corporation's financial health and integrity.Ø
Chief Operations Officer (COO) –He is responsible for the corporation's operations, the COO looks after issues related to marketing, sales, production and personnel. More hands-on than the CEO, the COO looks after day-to-day activities while providing feedback to the CEO. The COO is often referred to as a senior vice presiden
1. Board of Directors :
These are elected by the shareholders, the board of directors are made up of two types of representatives .The first type includes individuals chosen from within the company , this could be the COE , CFO , manager who works for the company for daily basis . The other type of representative is chosen externally and is considered to be independent from the company. The role of the board is to monitor the managers of a corporation, acting as an advocate for stockholders. In essence, the board of directors tries to make sure that shareholders' interests are well served.Further more the board members can be divided into three specialized categories .
Chairman - He is technically the leader of the corporation, the chairman person or chairman of the board is responsible for running the board smoothly . His or her duties typically include maintaining strong communication with the chief executive officer and high-level executives, formulating the company's business strategy, representing management and the board to the general public and shareholders, and maintaining corporate integrity. A chairman is elected from the board of directors.Ø
Inside Directors – These directors are responsible for approving high-level budgets prepared by upper management, implementing and monitoring business strategy, and approving core corporate initiatives and projects. Inside directors are either shareholders or high-level management from within the company. Inside directors help provide internal perspectives for other board members. These individuals are also referred to as executive directors if they are part of company's management team.Ø
Outside Directors – While having the same responsibilities as the inside directors in determining strategic direction and corporate policy, outside directors are different in that they are not directly part of the management team. The purpose of having outside directors is to provide unbiased and impartial perspectives on issues brought to the board.Ø
2. Management Team:
The management team is directly responsible for the daily transactions and profitability of the company.
These managers are essentially the main asset for the corporation from technical aspect to managerial aspect tends to the security aspect .
Chief Executive Officer (CEO) –Is typically responsible for the entire operations of the corporation and reports directly to the chairman and board of directors of the organization for the daily transactions and profitability of the organization .It is CEO’s responsibility and decision to implement initiatives and to maintain a smooth operation of the firm the CEO will also be designated as the company's president and therefore also be one of the inside directors on the board (if not the chairman).Ø
Chief Finance Officer (CFO) – Also reporting directly to the CEO, the CFO is responsible for analyzing and reviewing financial data, reporting financial performance, preparing budgets and monitoring expenditures and costs. The CFO is required to present this information to the board of directors at regular intervals and provide this information to shareholders and regulatory bodies such as the Securities and Exchange Commission (SEC). Also usually referred to as a senior vice president, the CFO routinely checks the corporation's financial health and integrity.Ø
Chief Operations Officer (COO) –He is responsible for the corporation's operations, the COO looks after issues related to marketing, sales, production and personnel. More hands-on than the CEO, the COO looks after day-to-day activities while providing feedback to the CEO. The COO is often referred to as a senior vice presiden
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