What is a Corporate Officer?
Video Transcript What Is a Corporate Officer? You have recently incorporated your business and you are coming in contact with terminology pertaining to corporations that you weren’t previously familiar with. One of these terms has to do with corporate officers. Hello I’m Robert Todd and I’m here to answer the question what is a corporate officer? Well generally speaking corporate officers include the President of the corporation, the Vice President of the corporation, the secretary of the corporation and the treasury of the corporation. There is specific duties to the corporation that are outlined in the bylaws. The officers of the corporation are generally elected by the board of directors and the board of directors are generally elected by the shareholders or the owners of the corporation. I’m Robert Todd and thank you for watching.
President – Elected by the board of directors and responsible for the implementation of their directives and orders. Handles the day-to-day managerial business of the corporation and defers to the board of directors on matters of policy. Secretary- responsible for the maintenance of corporate records. Treasurer- responsible for the management of corporate bank accounts and funds. The board of directors dictate the actual policy. Back to the top What is a Corporate Director? The board of directors acts as a managerial body for the corporation. A corporate director is a member of this body and is generally elected by the shareholders. Each director must attend meetings of the board, which must be held no less than once a year. Directors must make sure that major corporate actions are clearly written and were taken behalf of the corporation. Directors have a fiduciary responsibility to the shareholders to keep their best interests in mind. Back to the top Where can I get a Corporate Seal?
