Public company governance structure
This public company governance chart places shareholders above the board of directors and its three common standing committees: audit, compensation, and nominating. The CEO reports through the board and leads the core executive officers. Internal audit is shown separately, with dotted relationships to both the CEO and Audit Committee to communicate administrative coordination and independent oversight.
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Scenario
A listed company needs a concise disclosure-ready view of board oversight, executive management, and internal-audit independence.
Key decisions
- Shareholders elect the board.
- Standing committees report through the board.
- The CEO leads the executive team.
- The chief audit executive has an administrative dotted line to the CEO.
- The Audit Committee has a dotted oversight line to internal audit.
When to reuse this
Use this structure for a public-company governance overview. Committee charters, legal entities, and reporting relationships should be checked against the company’s actual governance documents.
Frequently asked questions
Why does internal audit have a dotted line to the Audit Committee?
What does the nominating committee do?
Are board committees management departments?
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