Company structure.
Most companies are made up of thee groups: the shareholders (who provide the capital), the management and the workforce. The management structure of the typical company includes the Board of Directors, Managing Director, senior management and middle management.
At the top of the company hierarchy is the Board of Directors, headed by the Chairperson or President. The Board их responsible of policy decision and strategy. It will usually appoint Managing Director or Chief Executive Officer who has an overall responsibility for the running of the business. Senior managers or company officers head the various departments or function within the company, which can include the following: Marketing, Public Relations, Information Technology, Personnel or Human Resources, Finance, Production, Researche and Development and Legal Affairs.
Talking about a company structure, let me tell about one of them as an example.
This company is Philips. The foundations of this world's biggest electronics company were laid in 1891 when Gerard Philips established a company in Eindhoven to manufacture light bulbs and other electrical products. The company development was significant. Since the 1920s Philips has begun the diversification of its product range which influenced the launching of the new and exciting ideas like the compact disk, TV sets, electric shavers, monitors and others.
Philips headquarters are still in Eindhoven. It employs about 257 000 people all over the world. Its shares are listed on the six stock exchanges in nine countries.
Philips Electronics is managed by the Board of Management, which looks after the general direction of the company. The Supervisory Board advises the Board of Management and supervises its policy. There policies are implemented by the Group of the Management Committee which consists of the members of the Board of Management, chairmen of most of the product divisions and some other key officers.
Management Committee also services the sharing activities in the group.
The company's creed is 'Let's make things better'. It is committed to making better product and systems and contributing to improving the quality of people's work and life.

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