Corporate Hierarchy and Executive Roles

Overview of Executive Roles

• Key Executives:
  • Chief Executive Officer (CEO)
  • Chief Operations Officer (COO)
  • Chief Financial Officer (CFO)
• Role Differences:
  • Share certain responsibilities but have distinct functional roles.

Basic Corporate Hierarchy Structure

1. Executives:
   • Work in teams under a manager.
2. Managers:
   • Oversee various departments.
3. Directors:
   • Responsible for different departments.
4. Vice Presidents:
   • Manage directors.
5. C-Suite Executives:
   • Include COO, CFO, etc.
6. CEO:
   • Highest position, reports to the Board of Directors.
7. Board of Directors:
   • Governing body of the organization.

Roles and Responsibilities

Chief Executive Officer (CEO)

• Focus Areas:
  • Overall operations of the company.
  • Company policies.
  • Strategic goals and performance assessment.
  • Smooth functioning of departments.
• Day-to-Day Oversight:
  • Operations, marketing, sales, research, culture.
• Leadership Role:
  • Acts as an example for all employees.
  • Liaises with investors, shareholders, and external bodies.

Chief Operations Officer (COO)

• Responsibilities:
  • Oversees daily operations.
  • Supports the CEO in achieving company goals.
  • Ensures smooth departmental functions.
• Positioning:
  • May work alongside or be positioned above/below the CEO.

Chief Financial Officer (CFO)

• Focus Areas:
  • Financial management and strategy.
  • Revenue growth and cost management.
  • Cash flow monitoring and financial reports.
  • Managing investor and partner relations.

Salary Insights

United States (as of Feb 2021)

• CEO Average Salary: $116,890
• COO Average Salary: $120,547
• CFO Average Salary: $133,859

India (as of Feb 2021)

• CEO Average Salary: ₹3,003,722
• COO Average Salary: ₹2,502,523
• CFO Average Salary: ₹3,541,126

Conclusion

• CEO, COO, and CFO are distinct roles within the C-suite.
• Each has unique responsibilities but must all function as leaders for the organization.