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Corporations are required by law to have Presidents and Chairmen. That is the legal construct. They are not required to have CEOs who therefore sit on shakier
by fsckboy 2y ago
Corporations are required by law to have Presidents and Chairmen. That is the legal construct.
They are not required to have CEOs who therefore sit on shakier legal ground.
- JumpCrisscross 2y ago> Corporations are required by law to have Presidents and Chairmen Varies by jurisdiction. Common ones are a president, secretary and treasurer. (They can be the same person.)
- fsckboy 2y agowhen companies are big enough (to where CEO actually has meaning), shareholder rights kick in, and there are many additional legal requirements; none of those require a CEO