Corporate Structure

Corporate structure evolved as a result of the growth of companies and their public nature. A public company is one whose ownership is shared among a large number of people who have purchased their power by investing in the company through the obtaining stocks. We have all heard of CEOs, CFOs, presidents and vice presidents, but what is their relationship to each other and to the company that they lead?

Briefly, a corporation is a company or business which has legal rights as an entity separate from its owners. The result of this status is that the liability of the owners is limited and shares are issued as easily transferable stock which allows shareholders certain controls of the company.
Due to the fact that the company is publicly owned a need is created for management and ownership to function separately. This is a two-tiered structure where the board of directors (or governors) is elected by the shareholders and oversees that the company is functioning with the welfare of the shareholders in mind. The second tier is the upper management, responsible for the successful functioning of the company. The upper management is hired by the Board of Directors.

Corporate Guidance from Dennis Carey

Dennis Carey recruits corporate leaders to fill the positions of CEO, Chairman of the Board, and Board members. He knows what it takes to bring a faltering company going through challenges up to the successful outcome they can achieve. Whether it is hard economic times or the natural event of executive corporate transitions, Dennis Carey will guide the company through it, helping to bring a positive resolution and outcome to the event.

Surviving in a Recession

Yes, this is a difficult time to run a business, but as so many recessions in the past have shown, crisis breeds opportunity. Both Carnegie Steel and Hewlett-Packard were created during long depressions.

In this type of environment when money is scarce and markets are volatile, it is not easy to keep morale up in many companies. As Dennis Carey, a senior partner at Korn/Ferry International explains, this is the time to reevaluate techniques that worked for your company during boom years. As he says, "You can't rely on a peacetime general to fight a war. The wartime CEO prepares for the worst so that his or her company can take market share away from players who haven't."

One key aspect of many businesses right now is to get the funds they need to help their businesses to grow. Only those businesses that can show strong balance sheets will stand a chance.