Responsibilities

What is a Company

Company is a corporate enterprise that has a legal identity separate from that of its members; it operates as onesingle unit, in the success of which all the members participate. An incorporated company is a legal person in its own right, able to own property and to sue and be sued in its own name. A company may have limited liability so the liability of the members of the company is limited. An unlimited company is one in which the liability of the members is not limited in any way. There are various different types of companies: a chartered company is one formed under Royal Charter in Great Britain. Chartered companies, however, are now rare, unless a charter is required for prestige purposes, as it might be for a new university. A join-stock company is a company in which the members pool their stock, trading on the basis of their joint stock. This differs from the earlier merchant corporations or regulated companies of the 14^th century, in which each member traded with his own stock but agreed to obey the rules of the company.

A registered company is the most common type of company. A company may be registered either as a public limited company or a private company. A public limited company must have a name ending with the initials “plc” and have an authorized share capital. The regulation of such companies is stricter that of private companies. Most public companies are converted from private companies, under the registration procedure laid down in the Companies Act. A private company is any registered company that is not a public company. The shares of a private company may not be offered to the public for sale. A statutory company is a company formed by special Act of parliament in Great Britain. These are generally public utilities that were either not nationalized or that have been privatized.

1. The Managing Director is accountable to the Board and is responsible for running the company.

2. The subsidiaries report to the Export Sales Department which is accountable to the Board.

3. The Managing Director is assisted by four executive departments.

4. Human Resources Department is responsible for personnel, training and management development.

5. Finance Department takes care of corporate finance and accounting.

6. Purchasing Manager buys all the things that the company needs.

7. Sales Director is in charge of the people who sell the products of the company.

8. Sales Manager is responsible for supplying goods to customers.

9. The head of the Accounts Department is responsible for all the money in the company, handles payments from customers and wages for staff.

10. The person who greets a visitor and tells him or her to get to the right office is the receptionist.

11. Accountants are the employees who check a company’s financial affairs.

12. Clerks are the employees responsible for carring out general office duties, filling in forms and keeping statistics.

Дата добавления: 2014-11-29