Corporate structure goes something like this:
- Shareholders – The owners of the business or enterprise
- Board of Directors – The elected representatives of the shareholders whose function is twofold: provide strategic guidance to the corporate officers (management team) and make sure the interests of the shareholders are protected.
- Corporate Officer or Management Team – The senior person (and sometimes some of the key subordinates) are be appointed (approved or hired) by the board of directors to carry out the will of the Board of Directors and Shareholders.
- Other employees and contractors – Are hired by the management team or their representatives […]