Corporate Officer
/ˈkɔːrpərət ˈɒfɪsər/
Definitions
- (n.) An individual appointed or elected by a corporation's board of directors to manage corporate affairs and exercise corporate powers.
The corporate officer signed the contract on behalf of the company.
- (n.) A person who holds an office of trust and responsibility, such as a president, treasurer, or secretary, within a corporation.
Corporate officers are subject to fiduciary duties to act in the best interests of the corporation.
Forms
- corporate officers
Related terms
See also
Commentary
The term is often defined by reference to the scope of authority and fiduciary duties; drafting should clarify the specific role and powers of the officer within the corporate governance structure.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.