BUISENESS MANAGEMENT
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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CFO
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Marketing Manager
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Production Manager
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Public Relations Manager
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Detailed explanation-1: -According to Section 2(51) of the Companies Act 2013, Key Managerial Personnel in a Company are:-Chief executive Officer (CEO) OR the Managing Director.-Chief Financial Officer (CFO).
Detailed explanation-2: -Section 203 of the Act provides that certain classes of companies must appoint the KMP, which includes the Managing Director or manager or Chief Executive Officer, company secretary and chief financial officer.
Detailed explanation-3: -Key Managerial Personnel (KMP) or Key Management Personnel refers to the employees of a company who are vested with the most important roles and functionalities. They are the first point of contact between the company and its stakeholders and are responsible for the formulation of strategies and its implementation.
Detailed explanation-4: -08 December 2014 COO is not covered under the definition of KMP under the Companies Act, 2013. The definition include CEO & CFO as KMP.