1. Chief Executive Officer (CEO): The CEO is responsible for overall strategic planning and decision-making in the organization. They set the company's direction, goals, and objectives, and ensure that all decisions align with the organization's mission and vision.
2. Board of Directors: The board of directors is a group of individuals elected by the shareholders to represent their interests and provide guidance to the CEO and senior management. They play a crucial role in corporate governance by making important decisions, monitoring the organization's performance, and overseeing its compliance with laws and regulations.
3. Shareholders: Shareholders are the owners of a company who invest capital in exchange for ownership shares or stocks. They have the right to vote on significant company decisions, elect directors, and receive dividends. Shareholders provide financial support, participate in corporate governance through voting rights, and expect a return on their investment.
4. Senior Management: Senior management is responsible for the day-to-day operations of the organization. They oversee different departments and ensure that the company's goals and objectives are met. This includes functions such as finance, operations, marketing, human resources, and more. Senior management reports to the CEO and implements strategies to achieve the organization's goals.
5. Employees: Employees are the workforce of the organization and play a vital role in its success. They carry out the tasks necessary for the organization's operations, contribute to innovation and productivity, and help achieve the company's objectives. Employees also have rights and responsibilities, and their welfare and satisfaction are important for the overall performance and growth of the business.
What are the five Governing key roles in business studies
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