A chief executive officer (CEO) or chief executive is the highest-ranking corporate officer Publicly and privately held for-profit corporations confer corporate titles or business titles on company officials as a means of identifying their function in the organization. In addition, many non-profit organizations, educational institutions, partnerships, and sole proprietorships also confer corporate titles. The following is a list of (executive Senior management or Executive management is generally a team of individuals at the highest level of organizational management who have the day-to-day responsibilities of managing a company or corporation, they hold specific executive powers conferred onto them with and by authority of the board of directors and/or the shareholders. There are most) or administrator In business, administration consists of the performance or management of business operations and thus the making or implementing of major decisions. Administration can be defined as the universal process of organizing people and resources efficiently so as to direct activities toward common goals and objectives in charge of total management Management in all business areas and organizational activities are the acts of getting people together to accomplish desired goals and objectives. Management comprises planning, organizing, staffing, leading or directing, and controlling an organization or effort for the purpose of accomplishing a goal. Resourcing encompasses the deployment and of an organization. An individual appointed as CEO of a corporation A corporation is an institution that is granted a charter recognizing it as a separate legal entity having its own privileges, and liabilities distinct from those of its members. There are many different forms of corporations, most of which are used to conduct business, company In the United States, a company is a corporation—or, less commonly, an association, partnership, or union—that carries on an industrial enterprise." Generally, a company may be a "corporation, partnership, association, joint-stock company, trust, fund, or organized group of persons, whether incorporated or not, and any receiver,, organization A non-profit organization is an organization that does not distribute its surplus funds to owners or shareholders, but instead uses them to help pursue its goals. Examples of NPOs include charities (i.e. charitable organizations), trade unions, and public arts organizations. Most governments and government agencies meet this definition, but in, or agency A government agency is a permanent or semi-permanent organization in the machinery of government that is responsible for the oversight and administration of specific functions, such as an intelligence agency[citation needed]. There is a notable variety of types of agency. Although usage differs, a government agency is normally distinct both from a reports to the board of directors A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. The body sometimes has a different name, such as board of trustees, board of governors, board of managers, or executive board. It is often simply referred to as "the board.".
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Responsibilities
The responsibility of the chief executive officer is to align the company, internally and externally, with their strategic vision. The core duty of a CEO is to facilitate business outside of the company while guiding employees and other executive officers towards a central objective. The size and sector of the company will dictate the secondary responsibilities. A CEO must have a balance of internal and external initiatives to build a sustainable company.[1]
- For corporations, the chief executive officer primarily coordinates external initiatives at a high level. As there are many other c-level executives (e.g. marketing, information, technical, financial etc.), seldom do corporate CEOs have low-level functions.
- For emerging entrepreneurs An entrepreneur is a person who has possession of a new enterprise, venture or idea and assumes significant accountability for the inherent risks and the outcome.[note 1] The term is originally a loanword from French and was first defined by the Irish economist Richard Cantillon. Entrepreneur in English is a term applied to the type of personality, their acting position as a CEO is much different than that on the corporate level. As oftentimes other c-level executives are not incorporated in small operations, it is the duty of the CEO (and sometimes founder) to assume those positions.
- Mid-sized companies borrow from corporate and entrepreneurial CEO responsibilities. There will not be all c-level positions available so the CEO must compensate for gaps either through delegating or assuming additional responsibility.
In many states, when an organization incorporates it is necessary to specify individuals in the role of President, Treasurer, and Secretary with the proviso that the person nominated as President cannot also hold the position of Treasurer. But often a person can be specified as Secretary/Treasurer.
In many non-profits, there is a gross confusion between the Chair of the Board (sometimes referred to as the President of the Board), the Secretary of the Board (also confused with the Secretary of the corporation), and then a Board often times creates the position of Treasurer.
Boards should not have Presidents or Treasurers, but Boards and Corporations both need Secretaries.
International use
In some European Union The European Union is an economic and political union of 27 member states which are located primarily in Europe. Committed to regional integration, the EU was established by the Treaty of Maastricht in 1993 upon the foundations of the European Communities. With over 500 million citizens, the EU combined generated an estimated 28% share (US$ 16.5 countries, there are two separate boards, one executive board A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. The body sometimes has a different name, such as board of trustees, board of governors, board of managers, or executive board. It is often simply referred to as "the board." for the day-to-day business and one supervisory board A supervisory board is a group of individuals chosen by the stockholders of a company to promote their interests through the governance of the company and to hire and supervise the executive directors and CEO for control purposes (elected by the shareholders). In these countries, the CEO presides over the executive board and the chairman presides over the supervisory board, and these two roles will always be held by different people. This ensures a distinction between management Management in all business areas and organizational activities are the acts of getting people together to accomplish desired goals and objectives. Management comprises planning, organizing, staffing, leading or directing, and controlling an organization or effort for the purpose of accomplishing a goal. Resourcing encompasses the deployment and by the executive board and governance Governance is the activity of governing. It relates to decisions that define expectations, grant power, or verify performance. It consists either of a separate process or of a specific part of management or leadership processes. Sometimes people set up a government to administer these processes and systems by the supervisory board. This allows for clear lines of authority. The aim is to prevent a conflict of interest and too much power being concentrated in the hands of one person. There is a strong parallel here with the structure of government, which tends to separate the political cabinet A Cabinet is a body of high-ranking members of the government, typically representing the executive branch. It can also sometimes be referred to as the Council of Ministers, an Executive Council, or Executive Committee from the management civil service A civil servant or public servant is a civilian public sector employee working for a government department or agency. The term explicitly excludes the armed services, although civilian officials will work at "Defence Ministry" headquarters. The term always includes the state's employees; whether regional, or sub-state, or even municipal.
In other parts of the world World is a common name for the sum of human civilization, specifically human experience, history, or the human condition in general, worldwide, i.e. anywhere on Earth, such as Asia Asia is the world's largest and most populous continent, located primarily in the eastern and northern hemispheres. It covers 8.6% of the Earth's total surface area and with approximately 4 billion people, it hosts 60% of the world's current human population. During the 20th century Asia's population nearly quadrupled, it is possible to have two or three CEOs in charge of one corporation. In the UK, many charities and government agencies are headed by a chief executive who is answerable to a board of trustees Trustee is a legal term for a holder of property on behalf of a beneficiary. A trust can be set up either to benefit particular persons, or for any charitable purposes : typical examples are a will trust for the testator's children and family, a pension trust (to confer benefits on employees and their families), and a charitable trust. In all or board of directors A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. The body sometimes has a different name, such as board of trustees, board of governors, board of managers, or executive board. It is often simply referred to as "the board.". In the UK, similar to a sizable percentage of public companies in the US, the chair(man) (of the board) in public companies is more senior than the chief executive (who is usually known as the managing director A managing director or MD is a director of a company given special powers by its articles of association. In most companies, the managing director is the senior executive director, subordinate only to the chairman of the board). Most public companies now split the roles of chair and chief executive.
In Russia, a CEO is known as Russian Russian is the most geographically widespread language of Eurasia, the most widely spoken of the Slavic languages, and the largest native language in Europe. Russian belongs to the family of Indo-European languages and is one of three living members of the East Slavic languages. Written examples of Old East Slavonic are attested from the 10th: генеральный директор (generalnyi direktor). In France, a CEO/MD is known as the "PDG" (French French is a Romance language spoken as a first language by about 136 million people worldwide. Around 190 million people speak French as a second language, and an additional 200 million speak it as an acquired foreign language. French speaking communities are present in 57 countries and territories. Most native speakers of the language live in: président directeur général); in Sweden, the CEO/MD is known as "VD" (Swedish Swedish ( svenska ) is a North Germanic language, spoken by approximately 10 million people, predominantly in Sweden and parts of Finland, especially along the coast and on the Åland islands. It is to a considerable extent mutually intelligible with Norwegian and to a lesser extent with Danish (see especially "Classification"). Along: verkställande direktör); in Australia, the CEO can be known as the GM (General Manager) or the MD (Managing Director) but only when the executive officeholder is also a member of the board of directors; in India, it is either Managing Director or CEO though CEOs are very common especially with the startup boom; in Pakistan it's called MD (Managing Director); in Spain, the usual name is "director general, the other mostly commonly used being "Consejero Delegado";" while in Italy, the position is called "AD" (Italian Italian ( italiano , or lingua italiana) is a Romance language spoken as a native language by about 62 million people in Italy, San Marino and parts of Switzerland, Croatia, Slovenia and France. It is spoken as a first language by many Italian citizens and immigrants abroad, for a total of approximately 70 million native speakers. In addition, it: amministratore delegato). In Denmark and Norway the CEO is known as the "administrerende direktør", abbr. adm.dir. In Finland, CEO is known as "TJ" (Finnish Finnish ( suomi , or suomen kieli) is the language spoken by the majority of the population in Finland (92% as of 2006[update]) and by ethnic Finns outside Finland. It is one of the official languages of Finland and an official minority language in Sweden. In Sweden, both standard Finnish and Meänkieli, a Finnish dialect, are spoken. The Kven: toimitusjohtaja).In Macedonia and Bulgaria the CEO is known as "Генерален Директор"
In the US, and in business, the executive officers are usually the top officers of a corporation, the chief executive officer (CEO) being the best-known type. The definition varies; for instance, the California Corporate Disclosure Act defines "executive officers" as the five most highly-compensated officers not also sitting on the board of directors. In the case of a sole proprietorship, an executive officer is the sole proprietor. In the case of a partnership, an executive officer is a managing partner, senior partner, or administrative partner. In the case of a limited liability company, an executive officer is any member, manager, or officer.
Structure
Typically, a CEO has several subordinate executives, each of whom has specific functional responsibilities.
Common associates include a Chief Communications Officer The chief communications officer or CCO is a job title for the head of communications, public relations and/or public affairs within an organization. Most typically, the CCO reports to the chief executive officer of a corporate entity or president of an operating unit. The CCO may be a member of the executive board of the organization or business (CCO), Chief Financial Officer The chief financial officer is a corporate officer primarily responsible for managing the financial risks of the corporation. This officer is also responsible for financial planning and record-keeping, as well as financial reporting to higher management. In some sectors the CFO is also responsible for analysis of data. The title is equivalent to (CFO), Chief Operating Officer A chief operating officer or chief operations officer is a corporate officer responsible for managing the day-to-day activities of the corporation and for operations management (OM). The COO is one of the highest-ranking members of an organization's senior management, monitoring the daily operations of the company and reporting to the board of (COO), Chief Legal Officer A chief legal officer is the highest-ranking corporate officer concerning legal affairs of a corporation or agency. Chief legal officers typically hold the title of general counsel(CLO), Chief Technical Officer A chief technical officer or chief technology officer is an executive position whose holder is focused on scientific and technical issues within an organization. Essentially, a CTO is responsible for the transformation of capital - be it monetary, intellectual, or political - into technology in furtherance of the company's objectives (CTO), Chief Marketing Officer Chief Marketing Officer is a corporate title referring to an executive responsible for various marketing in an organization. Most often the position reports to the chief executive officer. The Chief Marketing Officer (CMO) is usually present in the C-suite with the other CXOs. This title is relatively new and the distinction between a CMO and a (CMO), Chief Information Officer The chief information officer is a job title commonly given to the most senior executive in an enterprise responsible for the information technology and computer systems that support enterprise goals. The CIO typically reports to the chief executive officer, chief operations officer or chief financial officer. In military organizations, they (CIO), Chief Creative Officer A creative director is a position usually found within the Fashion, advertising, media or entertainment industries, but may be useful in other creative organizations such as web development and software development firms as well. The job entails overseeing all aspects of product design (CCO), Chief Compliance Officer The chief compliance officer of a company is the officer primarily responsible for overseeing and managing compliance issues within an organization. Generally, a CCO is in charge of overseeing and managing compliance issues within an organization, ensuring, for example, that a company is complying with regulatory requirements, and that the company (CCO), Chief Audit Executive (CAE), Chief diversity officer (CDO), and a director, or Vice-President of Human Resources Human resources is a term used to describe the individuals who comprise the workforce of an organization, although it is also applied in labor economics to, for example, business sectors or even whole nations. Human resources is also the name of the function within an organization charged with the overall responsibility for implementing strategies.
See also
- CEO succession
- Executive officer While there is no clear line between executive or principal and inferior officers, principal officers are high-level officials in the executive branch of U.S. government such as department heads of independent agencies. In Humphrey's Executor v. United States, 295 U.S. 602 , the Court distinguished between executive officers and quasi-legislative
- List of CEO books
- List of chief executive officers
- O*NET
- Oldest CEOs
- United States Department of Labor The United States Department of Labor is a Cabinet department of the United States government responsible for occupational safety, wage and hour standards, unemployment insurance benefits, re-employment services, and some economic statistics. Many U.S. states also have such departments. The department is headed by the United States Secretary of
References
Categories: Business and financial operations occupations | Corporate governance | Management occupations | Chief executives
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MarketWatch (press release)
... today announced that its President and CEO , Jeff Thompson, will present at the Morgan Joseph 2010 Best Ideas Conference on Wednesday, June 9, ...
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Neil Vidyarthi
Wed, 21 Jul 2010 20:01:54 GM
In a great first talk of the 'social' track of Casual Connect, out at the Triple Door club across from the Benaroya Hall, Playdom . CEO. John Pleasants discussed the steps that are necessary to help social games continue their growth. ...
Q. What is the difference between CEO and General Manager of a company. What decisions can the CEO take that GM can not take? So what the decisions the CEO can take that the GM can not take. It is really vague to me.
Asked by Day_Dreamer - Fri Jul 11 08:37:37 2008 - - 2 Answers - 0 Comments
A. according to the bussiness herarcy the CEO (chief executive officer) is the man selected by the board members to represent them and he is the highest authority in the company , most of the things should be approved by him and he is the one authorized to sign cheques , GM (General manager) usually reporting to the CEO and he got also a lot of authorities , usually setting in for the CEO when he is not avliable .
Answered by pharotemo - Fri Jul 11 08:48:06 2008
