Vice president


Vice president

A vice president (British English - government: vice-president; business: director) is an officer in government or business who is below a president (managing director) in rank. The name comes from the Latin vice meaning 'in place of'.[1] In some countries, the vice president is called the deputy president. A common colloquial term for the office is vee-pee, deriving from a phonetic interpretation of the abbreviation VP.

Contents

In government

In government, a vice president is a person whose primary responsibility is to replace the president on the event of his or her death, resignation or incapacity. Vice presidents are either elected jointly with the president as his or her running mate, elected separately, or appointed independently after the president's election.

Most, but not all, governments with vice presidents have only one person in this role at any time. If the president is not present, dies, resigns, or is otherwise unable to fulfill his or her duties, the vice president will generally serve as president. In many presidential systems, the vice president does not wield much day-to-day political power, but is still considered an important member of the cabinet. Several vice presidents in the Americas held the position of President of the Senate; this is the case, for example, in Argentina, the United States, and Uruguay. The vice president sometimes assumes some of the ceremonial duties of the president, such as attending functions and events that the actual president may be too busy to attend; the Vice President of the United States, for example, often attends funerals of world leaders on behalf of the President. In this capacity, the vice president may thus assume the role of a de facto symbolic head of state, a position which is lacking in a system of government where the powers of head of state and government are fused.

In business

In business, "vice president" refers to a rank in management. A trade union may also elect a vice president. Most companies that use this title generally have large numbers of people with the title of vice president with different categories (e.g. vice president for finance); their closest analogy within the US federal government structure is therefore not the Vice President as such, but a Cabinet Secretary. A vice president in business usually reports directly to the President or CEO of the company. When there are several vice presidents in a company they are sometimes ranked by naming the highest ranking Senior Executive Vice President which is next to President, the second highest ranking Executive Vice President, then Senior Vice President and the remainder of the management team just VP. The title of Assistant Vice President or Associate Vice President or Assistant President or Associate President is typically used in large organizations as a subordinate rank to Vice President.

In large brokerage firms and investment banks, there are usually several Vice Presidents in each local branch office, the title being more of a marketing approach for customers, than denoting an actual managerial position within the company.

A corporate vice president is rarely "second in line" to succeed the corporate president following death, dismissal, or resignation, though in the event of a sudden vacancy one or sometimes two of the vice presidents may act as president. New presidents are usually appointed by the board of directors.

Levels in business administration

  1. Senior Executive Vice President (SEVP) = Deputy President
  2. Executive Vice President (EVP)
  3. Group Vice President (GVP)
  4. Senior Vice President (SVP)
  5. Corporate Vice President (CVP) - First Grade Executive Officer (or VP of old type company)
  6. First Vice President (FVP)
  7. Vice President (VP)
  8. Assistant Vice President or Associate Vice President (AVP)

For example,

  • Microsoft: President - EVP - SVP - CVP
  • General Motors: President - EVP - GVP - SVP - GM VP(=CVP)
Rank U.S. Executive Officer U.K. Executive Officer
1 President Managing Director
2 Deputy President or SEVP or EVP Deputy Managing Director
3 EVP or GVP or SVP Executive Director
4 SVP or CVP Director
5 CVP or VP (old type company) Deputy Director

In clubs and other related associations

In most clubs as well as other organizations, one or multiple Vice Presidents are elected by the members of the organization; usually numbering the vice presidencies to prevent confusion as to who may preside or succeed to the office of president upon vacancy of that office, for example: 1st Vice President, 2nd Vice President, and so on. Although in some cases vice presidents are given titles due to their specific responsibilities, for example: Vice President of Operations, Finance, etc.

The primary responsibility of the Vice President of a club or organization is to be prepared to assume the powers and duties of the office of the President in the case of a vacancy in that office. If the office of President becomes vacant, the Vice President or in clubs with multiple Vice Presidents, the VP that occupies the highest ranking office, will assume the office of President, with the lower Vice Presidents to fill in the remaining Vice Presidencies, leaving the lowest Vice Presidency to be filled by either election, or appointment. Unless the bylaws of a club specifically provide of the Officer title of President-Elect, in which case, that would be the officer who would assume the powers and duties of the President upon vacancy of that office.

References

  1. ^ "vice", etymologyonlive.com

External links


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Look at other dictionaries:

  • vice-président — vice président, ente [ visprezidɑ̃, ɑ̃t ] n. • 1479; fém. déb. XXe; de vice et président ♦ Personne qui seconde ou supplée le président, la présidente. Vice présidente d une société; d un tribunal. Les quatre vice présidents de la Chambre. Vice… …   Encyclopédie Universelle

  • Vice-Président — Un vice président, abrégé en VP, est un officiel travaillant pour un gouvernement ou pour une entreprise. Le mot latin vice signifiant « à la place de », son poste est situé hiérarchiquement sous le président. Dans certains pays, on… …   Wikipédia en Français

  • Vice président — Un vice président, abrégé en VP, est un officiel travaillant pour un gouvernement ou pour une entreprise. Le mot latin vice signifiant « à la place de », son poste est situé hiérarchiquement sous le président. Dans certains pays, on… …   Wikipédia en Français

  • Vice president — Vice Vice, a. [Cf. F. vice . See {Vice}, prep.] Denoting one who in certain cases may assume the office or duties of a superior; designating an officer or an office that is second in rank or authority; as, vice president; vice agent; vice consul …   The Collaborative International Dictionary of English

  • vice president — ➔ president * * * vice president UK US noun [C] (also vice president) ► (US HR someone in charge of one of the main parts of an organization: »She s vice president of Sales and Marketing of the publisher s New York division. ► (US GOVER …   Financial and business terms

  • vice president — vice presidency. vice presidency, n. vice presidential, adj. 1. an officer next in rank to a president who serves as president in the president s absence. 2. an officer next in rank to a president who serves as a deputy to the president or… …   Universalium

  • vice-president — also vice president, 1570s, one who acts as a deputy for a president, from VICE (Cf. vice ) + PRESIDENT (Cf. president). Made into an official rank and given a different meaning in the U.S. Constitution (1787). There seems to be no doubt of my… …   Etymology dictionary

  • vice president — noun count 1. ) a senior political leader with the position immediately below that of the president of a country: former U.S. vice president Dan Quayle 2. ) a senior manager in a business, especially the person in charge of a department: She s a… …   Usage of the words and phrases in modern English

  • vice president — n 1: an officer next in rank to a president and usu. empowered to serve as president in that officer s absence or discharge 2: any of several officers serving as a president s deputies in charge of particular locations or functions (as sales)… …   Law dictionary

  • vice-president — [vīs′prez′ə dənt] n. 1. an officer next in rank below a president, acting during the president s absence or incapacity 2. any of several officers of a company, institution, etc., each in charge of a separate department ☆ vice presidency n. ☆ vice …   Universalium

  • vice-president — [vīs′prez′ə dənt] n. 1. an officer next in rank below a president, acting during the president s absence or incapacity 2. any of several officers of a company, institution, etc., each in charge of a separate department ☆ vice presidency n. ☆ vice …   English World dictionary


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