The Company is administered by the Court of Assistants, consisting of the Master, who acts as Chairman and is supported by the Upper Warden and Renter Warden, and 24 Assistants. Of these, not more than 6 are Past Masters and 18 are "below the Chair". The Master holds office for one year and is normally succeeded by the Upper Warden. The Clerk is the Chief Executive. He or she has responsibility for day-to-day administration of the Company and acts as secretary to the Court.