The Power in a Company Company’s organizational structure from Shareholders to Financial Department.

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Presentation transcript:

The Power in a Company Company’s organizational structure from Shareholders to Financial Department

Shareholders Stockholders Owners

Meetings of shareholders /General Meetings of Shareholders/ convened / convoked ussually 1 per year

Meetings of shareholders’ 1 per year – General Meeting of Shareholders In Poland ussually in June more often (e.g. in March – to discuss sth.) Extraordinary General Meeting of Shareholders

Shareholders (at a meeting) Supevisory Board nominate, designate appoint

Supervisory Board meetings usually 1 per month -1 per 3 months

Supervisory Board Board of Directors appoints nominates, designates

Supervisory Board Board of Directors Stockholders reports

Supervisory Board – (Chairman) Board of Directors – (Chairman of the Board) Shareholders - (main shareholder) Who heads (leads)

Board of Directors meetings, minutes – usually 1 per week

Board of Directors Board of managers Board of governors Bord of trustees

Chief Production Officer (CPO) (Production Deputy Director) Chief Executive Officer (CEO) Managing Director Chief Sales Officer (CSO) (Sales Deputy Director) Board of Directors Chief Financial Officer (CFO) (Finance Deputy Director)

Chief Production Officer Chief Executive Officer Chief Marketing Officer Board of Directors Chief Financial Officer TreasurerControler Finance Depart. Accounting Depart.

Duties of Finance Department documentation and the controlling of incoming and outgoing cash flows, handling of the cash flows, paying bills, wages, repayments of loans etc. looking for sources of finance (to pay bills) – loans, lease contracts, bonds etc. planning/forecasting the future of a company.

The new words stockholders, shareholders, majority and minority shareholders, voting by shares, voting by show of hands, voting by poll, conflict of interest, an accusition (to accuse), casting vote, to approve financial statements, to designate, Supervisory Board Board of Directors meetings, minutes to record, draft meetings – to minute

to vote resolution, to report, Board of governors, Board of trustees, Chief Executive Officer (CEO), Chief Financial Officer (CFO), Chief Sales Officer. Managing Director, Sales Deputy Director, Finance Deputy Director, Divisions, Accounting Division, Financial Division, Controller, Treasurer.