The chief position in most companies is that of a chairman or president. The person who is second in command is the vice president. If you have high ambitions and want to know about this position, read the vice president job description.
The vice president is to who all the heads of department and other important people like the general managers report to. Their main objective is to see that the company is running in profits and how to further improve the company. They also have to be the face of the company. They talk to the media on behalf of the company whenever they hold any press conferences.
The vice president has to report to the president or the chairman. The vice president also has to preside over the board meeting. They have to pay close attention to the company profits and devise ways to maximize them. The vice president along with the members of the board makes plans to improve profits and they implement those plans.
Vice presidents also have to closely watch all the departments of the company. From accounting to manufacturing, they have to keep tabs on all of the departments. They also have to know all the departmental heads and should take reports from them. All the big decisions of the company have to be approved by them and the president.
One important responsibility of the vice president job description is that they have to take over the responsibilities of the president if they are missing or due to some reason are unavailable. In such circumstances all the decision making power transfers to the vice president. The vice president is always next in line to take over the top post after the president retires.
The vice president has to be present in all board meetings. They also have to convene the annual general meetings where they have to answer all the questions of the shareholders of the company. There is also risk involved with post as if the company is found to be partaking in fraudulent activity, they have to face investigations. If found guilty, they will be jailed for the crime. However, these frauds do happen rarely. Therefore, if you want reach this lucrative position; read the vice president job description given in detail.
Duties and responsibilities
Vice presidents require a lot of education and many years of experience in the board of the directors. The education is expensive but it is more than compensated by the huge salary they get. They are also entitled to stock options of the company.
Education
Career Advancement
The only post left for the vice president to conquer is of the president. They are eligible for this post after the president retires or is unable to continue as president.
The vice president job description is to be the backbone of the company. They have to be good at making decision quickly and should foresee development for their company.