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Generally, the CEO is either a general manager or owner of a company and he makes the final decision on all of the important issues related to the firm, such as hiring and firing of employees. The CEO, therefore holds a high-profile position in the company. The CEO's job involves the day-to-day operations of the firm.
The financial statement shows the financial position and activity of a firm. It is the primary source of data used by the top management, creditors and stock market analysts to evaluate the financial health of a company. It provides an overview of the business activities, performance, gains or losses, and a summary of the financial position of the company.
The board of directors is made up of twelve elected directors. Chair the board, these directors are responsible for monitoring the company's compliance with all of the legal and regulatory requirements. If the board of the director is not fulfilling its role, then the board of directors develops a governance package to fix the issue. The board also oversees the CEO in relation to the CEO's performance in the company.
HR is the part of any company which recruits, trains, and terminates employees who work for the company. The HR department oversees the compensation or salary, benefits package, employee handbook, development opportunities, performance evaluations, employee relations, payroll, policies, and many other relevant HR matters.
Leaders · Manage the process of employee recruitment, selection, development, orientation and training through managerial, supervisory, and administrative positions. · Prepare and maintain written policies that govern every aspect of employment. · Respond to all complaints submitted concerning employee actions or behavior. · Solve employment disputes, such as claims of discrimination, harassment, or wrongful discharge. · Resolve and prevent conflict among employees and supervisors of different departments and groups.
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