Ceo as a consultant
V K VIJAYARAGHAVAN
(Querist) 14 July 2013
This query is : Resolved
Can a person hold the position of CEO but take remunerations as a consultant and sign all documents / cheques etc. would he/she be still come under the definition of Manager or Principal officer of the organisation ?
Kindly Clarify.
Regards
Guest
(Expert) 14 July 2013
Dear Mr. Vijayaraghavan,
Had you explained the real problem, its background and the purpose of asking that could have been better to get appropriate solution to your problem or confusions, as the case may be.
However, I hope, as a CFO you can well realise the importance and value of appointment letter and/or the agreement entered in to by the CEO.
Remuneation of which post a CEO is drawing is not important, but what are conditions attached to his appointment and responsibilities assigned or delegations made to him as a CEO are the important factors.
The first President of India, Hon. Shri Rajendra Prasad, used to draw Re.1/- as remuneration for a considerable period during his tenure as President of India, but did not lose his status as a President of the democratic India.
So, you may better refer the relevant documents pertaining to his appointment, whether made as a CEO or as a consultant.
V K VIJAYARAGHAVAN
(Querist) 14 July 2013
SIR
THANK YOU FOR YOUR PROMPT REPLY.
LEGALITY PART - CAN AS CONSULTANT SIGN CO DOCUMENTS
Guest
(Expert) 14 July 2013
You are still far away from the real problem. legal implications are made on case to case or problem to problem basis.
However, if he is assigned to do specific job, he can sign the document concerning his duties and responsibilities.
