Corporate headquarters

Part of a corporate structure that deals with important tasks / From Wikipedia, the free encyclopedia

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Corporate headquarters is the part of a corporate structure that deals with important tasks such as strategic planning, corporate communications, taxes, law, books of record, marketing, finance, human resources, and information technology.[4][5] Corporate headquarters takes responsibility for the overall success of the corporation and ensures corporate governance.[6] It is sometimes referred to as the head office, which is the location where the executives of a business work and where many of the key business decisions are made. Generally, corporate headquarters acts as a core when the business is operating.

The Continental Center I and the KBR Tower, both part of the Cullen Center complex in Downtown Houston, have the corporate headquarters of Continental Airlines and KBR, respectively.[1][2][3]

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 policies; 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.[7] Most other divisions and branches report to the corporate headquarters and staff may visit there periodically for training or other instructions".[8] The corporate services are often relocated into a separate legal entity called shared services center.[9] Research shows that the city in which a company is headquartered has a significant influence on the company's activities, including its business practices and its corporate philanthropic giving.[6]