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Corporate structure | Sutori

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Corporate structure

Important abbreviations

1) VP

Vice President

  • He’s now the VP of the company.
  • She spent 13 years as a VP of marketing.

A VP is someone responsible for one of the main parts of an organization. For example: VP of human resources/marketing/sales



2) CFO

Chief Financial Officer

  • I’ve been CFO and VP of this company for seven years.
  • As CFO he was responsible for the financial situation of a company employing more than 1,000 staff.

The CFO, chief financial officer, is a senior executive responsible for a company’s finances.


3) COO

Chief Operating Officer

  • I was COO of a successful organic cosmetics company.
  • As COO he has responsibility for several special projects, as well.

The COO is the person with responsibility for managing the usual activities of an organization. A chief operating officer is in charge of the day-to-day running of a company.


4) CIO

Chief Information Officer

  • He has been the company’s CIO since 2011.
  • The software giant will announce the name of its next CIO tomorrow.

A CIO is a person part of the top management who is responsible for an organization’s information resource and IT affairs.


5) CMO

Chief Marketing Officer

  • Have you talked to the CMO regarding the new corporate branding and marketing channels?
  • As CMO, he was in charge of the design and implementation of our customer outreach strategy that has helped us grow our customer base.

A CMO is an executive responsible for all marketing aspects of a company, such as advertising, marketing channels, and branding. The CMO is considered part of the top management.


6) PA

personal assistant

  • Many PAs say their role is very demanding.
  • She is PA to the company’s CMO.

A personal assistant is someone whose job is helping a manager in a higher position. The PA usually helps with administrative tasks, e.g. by writing letters, planning, arranging meetings, and making phone calls.


7) HRM

Human Resource Manager

  • He is a game-changing HRM, but also a great mentor to us.
  • We need the HRM to make the employee arrangements to support our strategic decision.

An HRM is responsible for all activities regarding employees and their employment, including attracting, developing, and maintaining effective staff.


8) PRO

public relations officer

  • She assumed the position of PRO in June.
  • His dream is to become a PRO in a major corporation one day.

A PRO is responsible for providing information about an organization so that people have positive ideas about it. The PRO improves a company’s public image by leading PR exercises or campaigns.


9) PM

project manager

  • She works as a PM for a tech company.
  • You will be meeting with the PM later today to work on the budget.

PMs are managers who plan a project or activity and organize and control the work of all the people involved in it.


10) CEO

Chief Executive Officer

  • In January 2001, he became CEO, leading the company through its initial public offering.
  • Being a CEO of a company at such a young age is not common.

This abbreviation is commonly found in companies. A CEO is the head of an organization and the person in charge of the overall performance of a company.


1) What is your Dream position?

2) Is it hard to become a COO, CFO or CEO?

3) Does CEO need to speak English well?

accountant

One whose profession includes organizing, maintaining and auditing the records of individuals or businesses. The records are usually, but not always, financial records.


administrator

Person who works as a manager and runs the office.


board of directors

A body of elected or appointed members who jointly oversee the activities of a company. The board is non-executive which means that the members are not concerned by day-to-day running of the company. The board is headed by a chairman.


chief executive officer

The Managing Director, the most important person in a company. The CEO makes big decisions.


chief financial officer

Responsible for the Finance Department. Expert in financial matters. The Finance Department takes responsibility for organizing the financial and accounting affairs including the preparation and presentation of appropriate accounts, and the provision of financial information for managers. Accountants work for the Finance Department.


clerk

Ordinary office worker


education officer

Organizes training, classes for the employees


laborer

A worker who does hard physical work


receptionist

Visitors must check in with them


research worker

A person who investigates and produces new products. Research workers work for Research and Development department (R&D)


personnel officer

A person who takes care of administration of new and existing personnel


public relations officer

gives information to the press, TV, etc about the company


safety officer

makes sure that machine etc are not dangerous to use


sales assistant

sells goods to the public. Sales assistant works for the Sales Department, the division of a business that is responsible for selling products or services.


security officer

makes sure thieves, criminals, etc cannot enter the company.


shareholders

one that owns or holds a share or shares of a company.


skilled worker

trained to do specific tasks. An unskilled worker, by contrast, does a job that needs no training.


supervisor

Also called team leader. A supervisor makes sure that the workers are doing their job properly. Under the supervisor, there are analysts, who analyze information or data, and assistants.


union representative

looks after the staff's interests.

  1. The   _____  is responsible for selling products or services.
  2. An _____   works in a _____ department  to organize the financial and accounting affairs of a company.
  3. Generally speaking, a  _____  investigates and produces new products.
  4. A  _____  makes sure that the workers are doing their job properly.
  5. A   _____ looks after the staff's interests.
  6. A   _____  makes sure that machine etc are not dangerous to use.
  7. An   _____  does a job that needs no training. However, a  _____ is trained to do specific tasks.
  8. A   _____ takes care of administration of new and existing personnel.

Burberry shareholders rebel against CEO pay

Shareholders from the British fashion house Burberry are up in arms about a proposed pay package for its CEO. They rejected a resolution at the company's annual general meeting to provide newly-appointed CEO Christopher Bailey with a multi-million-dollar remuneration deal. The vote was 52.7 per cent against the resolution. Executives proposed to hand Mr Bailey a $12.3 million "golden hello", an annual salary of up to $17 million and shares worth up to $33 million by 2018. The share package has been called a "golden handcuffs" arrangement to stop him from joining a rival company in the next few years. He will also receive add-ons for pensions and performance bonuses.


Burberry chairman Sir John Peace defended the package. He said he was "disappointed" and would talk to shareholders. He said: "I want to understand why they felt so strongly to vote against." He said the packages for Bailey and his predecessor Angela Ahrendts were to keep "world-class executives" at the company. Under Ms Ahrendts' guidance between 2006 and 2014, the company's sales increased to over $3.4 billion, and shares gained more than threefold to $12 billion. Peace pointed out that many companies around the world would be willing to pay Mr Bailey a lot more. He added that Bailey was "worth every penny". Bailey joined Burberry in 2001 as Design Director and became Creative Director in 2004.

1. TRUE / FALSE: Read the headline. Guess if  a-h  below are true (T) or false (F).

a.

Burberry shareholders are up in arms about a salary package.

T / F

b.

The shareholders haven't yet rejected the pay deal.

T / F

c.

The new CEO will get over $12 million for joining the company.

T / F

d.

Burberry have offered the CEO a shares deal to stop him leaving.

T / F

e.

The chairman said he understood why shareholders felt bad.

T / F

f.

The chairman said world-class executives aren't interested in salary.

T / F

g.

The previous CEO triples the value of the company's share value.

T / F

h.

The present CEO joined the company over ten years ago.

T / F

  1. At what kind of meeting did shareholders reject a resolution?
  2. How many people voted against the deal?
  3. How much could the shares package be worth?
  4. What will the CEO receive add-ons for?
  5. How did the chairman feel about the shareholders' decision?
  6. What kind of people does the chairman want to keep?
  7. By how many times did the previous CEO increase share value?
  8. When did the new CEO join Burberry?