Generally this person performs the duties of the chairperson in that person's absence and other duties as may be assigned by the board. The president is the chief executive officer of the corporation and has general responsibility for managing its business and affairs. Thus, for instance, the president may sign contracts on behalf of the corporation or obligate the corporation on a debt. What is more, the president has the power to do so even in some cases where the board has not delegated to the president the authority to act as he or she did. Depending on the nature of the corporation, the organizers may feel it important to set out other presidential duties, for example, discretion in choosing projects, power to hire and fire employees, and so forth.
Details are a matter of choice for the organizers.
If there are specific duties unique to the president's job, however, these should be expressed in the bylaws. Vice president . The vice president generally acts for the president in his or her absence and performs other duties assigned by the president or the board. The vice president generally does not have power to bind the corporation unless he or she is delegated specific authority on a particular point. The treasurer is responsible for corporate funds and other corporate valuables.