Article 40. Sole executive organ of society Edinolichny
1. the executive organ of society (CEO, President and others) was elected general meeting of participants in society at the time, some charter company. Sole executive organ of society may also be elected and not from its number of participants. The agreement between society face, and carrying out the functions of single-member executive body, signed on behalf of society face, chaired kind general meeting of participants of society, in which the person performing the functions of elected single-member executive body, or society party, authorized the decision of the general assembly of participants of society.
2. In a single-member executive body could only speak a natural person, except as provided in Article 42 of this Federal Law.
3. Sole executive organ of society:
1) without a valid power of attorney on behalf of society, including that represents its interests and commits the transaction;
2) gives power of attorney for the right to representation on behalf of society, including the power of attorney with the law peredoveriya;
3) issue orders of appointment to the post of society, the workers of their transfer and dismissal, uses incentives and imposes disciplinary
4) recovery; exercise other powers, not classified this federal law or charter of a company within the competence of the general meeting of participants in society, the board of directors (supervisory board) and society’s collective executive organ of society.
4. The operational procedures of single-member executive body and his decision establishes the charter company, internal documents of society, as well as a treaty concluded between society and the person exercising the functions of his sole

They are not competitors. Together, they see Viacom (w/e their Ning competitor is called) and Fox (MySpace)

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