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Corporate Officer Definition | UpCounsel 2022
https://www.upcounsel.com/corporate-officer-definition
Define Corporate Officer. means, with respect to the Recipient, its president; any vice president in charge of a principal business unit, division, or function (such as sales, administration or finance); any other officer who performs a policy-making function; or any other person who performs similar policy making functions for the Recipient.
Corporate Officer Definition: 483 Samples | Law Insider
https://www.lawinsider.com/dictionary/corporate-officer
The officers of a corporation are appointed by the board of directors. Officers are responsible for managing the day-to-day operations of a corporation. The corporation statute of each state will decide what officer positions need to be filled within each business. Generally, there are eight officer roles within an organization. President or CEO
FAQ corporate officer
What does it mean to be a corporate officer?
Corporate Officer means an individual who is on file with the Division of Corporations and Commercial Code as: Corporate Officer means an officer of the Company whose compensation is approved by the Compensation Committee of the Board, including without limitation the Chief Executive Officer of the Company.
Who appoints the corporate officers of a company?
The board of directors appoints corporate officers. The corporate officers usually consist of a president, one or more vice presidents, the secretary, and a treasurer. In large companies the number of officers may be myriad, with tens or even hundreds of vice presidents, who are usually employees of the company as well.
When is an executive officer of the recipient a corporate officer?
Executive officers of subsidiaries or parents of the Recipient may be deemed Corporate Officers of the Recipient if they perform such policy-making functions for the Recipient.
The shareholders invest in the business in the hopes of a financial return on this investment, and the directors oversee the corporation's affairs and strive to protect shareholder interests. Corporate officers are high-level management executives hired by the business's owner or board of directors.
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