Corporate headquarters is the part of a corporate structure that deals with important tasks such as strategic planning, corporate communications, taxes, law, marketing, finance, human resources, and information technology. Corporate headquarters takes responsibility for the overall success of the corporation, ensures Corporate Governance.
The corporate headquarters includes: the CEO (Chief Executive Officer) as a key person and their support staff such as the CEO office and other CEO related functions; the "Corporate policy making" functions: Include all corporate functions necessary to steer the firm by defining and establishing corporate policie; the Corporate Services: Activities that combine or consolidate certain enterprise-wide needed support services, provided based on specialized knowledge, best practices, and technology to serve internal (and sometimes external) customers and business partners; the Interface: Reporting line and bi-directional link between corporate headquarters and business units.
The corporate services are often relocated into a separate legal entity called Shared Services Center.
Famous quotes containing the words corporate and/or headquarters:
““It’s hard enough to adjust [to the lack of control] in the beginning,” says a corporate vice president and single mother. “But then you realize that everything keeps changing, so you never regain control. I was just learning to take care of the belly-button stump, when it fell off. I had just learned to make formula really efficiently, when Sarah stopped using it.””
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