- Job Description
- A formal document stating the duties, reporting relationships, authority limits, and qualifications for a specific role — used in hiring, performance management, and legal disputes.
- Reporting Line
- The chain of command specifying to whom a position reports directly and, where applicable, which roles report to it.
- Authority Matrix
- A document or clause listing the financial and operational decisions an executive may make independently versus those requiring board or CEO approval.
- KPI (Key Performance Indicator)
- A measurable metric used to evaluate whether a role or business unit is achieving its defined objectives within a set timeframe.
- At-Will Employment
- An employment relationship in which either party may terminate at any time for any lawful reason — relevant in US jurisdictions where this doctrine applies.
- Fiduciary Duty
- A legal obligation to act in the best interests of the company, its shareholders, or its board — applicable to executive officers including the COO.
- FLSA Exemption
- A classification under the US Fair Labor Standards Act that exempts certain executive employees from overtime pay requirements based on salary level and job duties.
- Delegation of Authority
- The formal act of transferring specific decision-making power from the CEO or board to the COO for defined operational matters.
- Span of Control
- The number of direct reports or business functions an executive oversees — used to calibrate whether the COO role is operationally feasible as written.
- Board Resolution
- A formal written decision by a company's board of directors, required in many jurisdictions to authorize the creation or filling of a C-suite position.
- Non-Compete Covenant
- A post-employment restriction preventing the COO from joining a competitor or starting a competing business within a defined geography and time period.