| Accounts Department | department responsible for administering a company's financial affairs | |
| A.G.M.UK | abbr. Annual General Meeting of a company's shareholders | |
| board of directors | group of people chosen to establish policy for and control a company | |
| chairmanUK | person who heads a Board of Directors; head of a company; chairperson | |
| director | a member of the board of directors | |
| executive officerUS | person managing the affairs of a corporation - chief executive officer (CEO) | |
| headquarters | a company's principal or main office or centre of control | |
| manager | person responsible for day-to-day running of a dept.; executive officerUS | |
| managing directorUK | senior director after the chairman responsible for day-to-day direction | |
| Marketing Dept. | department that puts goods on market, inc. packaging, advertising etc | |
| organization chart | a table or plan showing a company's structure graphically | |
| Personnel Dept. | department responsible for recruitment and welfare of staff or employees | |
| presidentUS | the highest executive officer of a company; head of a company | |
| Production Dept. | department responsible for physical creation of product | |
| Purchasing Dept. | department that takes care of finding and buying everything for a company | |
| R & D Department | department responsible for Research and Development of (new) products | |
| reception | the place where visitors and clients report on arrival at a company | |
| Sales Department | department responsible for finding customers and making sales | |
| shareholder | person who holds or owns shares in or a part of a company or corporation | |
| vice presidentUS | any of several executive officers, each in charge of a separate division |
Ex.2. What is the English for:
Отдел, ответственный за что-то(3), акция (доля), акционер, клиент, производство, развитие, исследование, продажа, персонал (2), производство, сотрудники, набор персонала, реклама, председатель, совет директоров, возглавлять, головной офис, финансовые дела, бухгалтерский отдел, отдел закупок (материально-технического обеспечения).
Ex.3. Answer the questions.
1.What do we call a person who holds shares in a company? 2.What department is responsible for making sales? 3. What department is in charge of physical creation of product? 4. What department is responsible for finding and buying everything for the company? 5. What do we call a group of people elected to establish policy for a company? 6. What department is responsible for research and development of products? 7. What do we call a person managing the affairs of a corporation? 8. What department is in charge of recruitment and welfare of staff or employees? 9. What do we call a person who heads a Board of Directors? 10. What department takes care of a company's financial affairs?
Ex.4. Watch Video 4 and decide whether each statement is true or false.
1. Shareholders own the company.
2. Ed is one of the shareholders.
3. All the shareholders manage the company.
4. The shareholders hire a football team to run the company for them.
5. The management team reports to (отчитывается перед) every shareholder.
6. The board of directors is appointed by Ed.
7. The board of directors helps direct company’s management.
8. The board of directors protects shareholders’ investments.
Ex. 5. Study the organizational chart of Ford Motor. It shows the structure of the organization. Who does CEO report to? Who reports to CEO?
Ford Organizational Chart
| Board of Directors Chief Executive Officer (CEO) | Chief Operating Officer (COO) |
| Chief Technical Officer, Research and Advanced Engineering (CTO) | |
| Chief Financial Officer (CFO) | |
| Executive Vice President, Global Marketing Sales and Service | |
| Group Vice President, Procurement (Global Purchasing) | |
| Group Vice President, Manufacturing and Labor Affairs | |
| Group Vice President, Human Resources and Corporate Services | |
| Group Vice President, Quality and New Model Launch |
Ex.6. What are the officials from the chart responsible for? Use the corresponding word combinations in your answers.
Recruitment, personnel training; world market research, sales promotion; finding the right suppliers, procurement of materials and supplies; the process of producing automobiles and affairs between employers and employees arising from it; managing money in the company; research and product development; the quality of manufactured articles, introducing new models; running the whole company; day-to-day management of the company.