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Corporate titles or business titles are given to company and organization officials to show what job function, and seniority, a person has within an organisation. [1] The most senior roles, marked by signing authority, are often referred to as "C-level", "C-suite" or "CxO" positions because many of them start with the word "chief". [2]
The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws. These authorities may specify the number of members of the board, how they are to be chosen, and how often they are to meet.
There are considerable variations in the composition and responsibilities of corporate titles. Within the corporate office or corporate center of a corporation, some corporations have a chairman and chief executive officer (CEO) as the top-ranking executive, while the number two is the president and chief operating officer (COO); other corporations have a president and CEO but no official deputy.
The Federal Facilities Council is a successor to the Federal Construction Council. It is a cooperative association of 20 federal agencies with interests and responsibilities related to all aspects of facility design, acquisition, management, maintenance, and evaluation.
Advisory board members should provide the company with knowledge, understanding and strategic thinking of the industry or management of the company. [5] Companies should seek advisory board members whose qualities complement the existing board of directors and not mask gaps in knowledge or skill in the main board.
MasterFormat has continued to be updated and revised since 2004, with new numbers, titles, and a new division added in 2010 and additional updates completed in 2010, 2011, 2012, 2014, 2016, and 2018. [5]
It provides a master list of divisions, and section numbers and titles within each division, to follow in organizing information about a facility's construction requirements and associated activities. [2] Standardizing the presentation of such information improves communication among all parties involved in construction projects. [2]
A non-executive director (abbreviated to non-exec, NED or NXD), independent director or external director is a member of the board of directors of a corporation, such as a company, cooperative or non-government organization, but not a member of the executive management team.