comparisonof corporate titles- j d supra（comparisonof公司标题- j d上）.docVIP

Comparison of Corporate Executive Titles By: Ivo Djambov, corporate counsel, McDermott International, Inc.; and Charles D. Powell, partner, Fulbright Jaworski, LLP Ivo Djambov is in-house corporate counsel at McDermott International in Houston. He has also practiced in the EU and has spent several years as an international attorney with a large Houston law firm. His practice is focused primarily on US and international corporate and securities matters, commercial transactions and corporate governance.  [Chuck’s info] The US corporate tradition has established a certain roster of executive officers’ titles such as chief executive officer/CEO, chief financial officer/CFO, and chief operations officer/COO. These are widely used by US corporations and their international subsidiaries and are universally understood by corporate insiders and their business counterparts to imply certain status and range of authority within the corporation. However, as corporate operations become increasingly global, business executives and their counsel have begun to encounter a substantial variety of corporate titles which do not conform to the US model. In many instances the US subsidiaries of European, Australian and Canadian companies would designate the title “managing director” for their principal executive officer. In a transactional setting, the usage of unfamiliar titles can cause some degree of confusion. The purpose of this article is to discuss and compare on a practical level the meanings of the most common corporate executive titles as used in some of the world’s principal business jurisdictions in North and South America, Europe and Asia. United States Chief Executive Officer (CEO) – As the top manager, the CEO is responsible for the overall operations of the corporation and reports directly to the board of directors. It is the CEO’s responsibility to implement board decisions, to maintain the smooth performance of the organization and to supervis