A person elected by a profit or nonprofit corporation’s board of directors, or by the manager of a limited liability company, to manage the day-to-day operations of the organisation. Officers generally hold titles such as President or Treasurer. Many states and most corporate bylaws or LLC operating agreements require a corporation or LLC to have a president, secretary and treasurer. Election of a vice president may be required by state law.
- Any person in the armed services who holds a position of authority or command.
- Someone who is appointed or elected to an office and who holds a position of trust.
- A person authorized to serve in a position of authority on a vessel.
- A member of a police force.
- Direct or command as an officer.
Directors appoint officers. They manage the daily affairs of a corporation. A corporation’s officers usually consist of a president, vice-president, treasurer and secretary. In most states, one person can hold all of these posts.
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This glossary post was last updated: 29th March, 2024.
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