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CEO stands for chief executive officer

2006-09-20 18:48:26 · 7 answers · asked by meenu D 1 in Business & Finance Careers & Employment

7 answers

same thing as what a "president" would have as responsibilities.

make sure the company earns and stays in shape.

2006-09-20 18:56:30 · answer #1 · answered by Busy Diyosa 5 · 0 0

In closely held corporations, it is general business culture that the office of Chief Executive Officer, CEO, is also the chairman of the board. Specifically, one person shares the chairman and CEO titles while another person takes the presidency or may become chief operating officer (COO). Regardless, in virtually all cases where the CEO and president are not the same person, the CEO and President are of equivalent rank. However, the term president is from the U.S. and in the UK COO is favored. Underneath that comes the Executive Vice President (U.S.) or Executive Director (UK). In publicly held corporations, the CEO and chairman positions can be separated but there are implications in corporate governance by doing so.

In some European Union countries, there are two separate boards, one executive board for the day-to-day business and one supervisory board for control purposes (elected by the shareholders). In these countries, the chief executive officer 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 by the executive board and governance 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.

In rare circumstances an Executive Chairperson can be appointed but this is either illegal in many jurisdictions or frowned upon by Regulators.

In the United Kingdom many Charities and Government Agencies are headed by a Chief Executive who is answerable to a Board of Trustees or Board of Directors. In the UK, the Chairman (of the Board) in public companies is more senior than the Chief Executive. Most public companies now split the role of Chairman and Chief Executive.
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Skill requirements

Qualified CEOs of corporations should have leadership skills and be able to act decisively regarding human, financial, environmental and technical challenges that face a corporation. They should have strong inter-personal skills and be familiar with Human Resources, Accountancy/Finance, Marketing and improving through a structured approach that is inline with the owners orientation to risk. They must then report to the Board of Directors in the annual meeting. Currently, many of the CEOs are MBA or DBA educated with qualified accountants such as CPA, CA or ACCA qualification.

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Reporting structure

Typically, a CEO has cadre of subordinate executives, each of which has specific functional responsibilities. These direct reporting relationships most often include: Chief Financial Officer, Chief Operating Officer, Chief Marketing Officer, and Chief Information Officer. Although not an Executive, the Director of Human Resources plays a vital role within any corporation.

However, depending on the industry in which the company operates and/or the organizational structure the company has employed, various other functional areas may be highlighted through the CEO's direct span of control. Some of these less common monikers include: Chief (Business) Development Officer, Chief Knowledge Officer/Chief Learning Officer, Chief Strategy Officer, Chief Risk Officer, and Chief Credit Officer.

2006-09-20 19:07:08 · answer #2 · answered by Amit G 4 · 0 0

A chief executive officer (CEO), or chief executive, is the highest-ranking corporate officer or executive officer of a corporation or agency. A corporation is any company that has been incorporated.
PRIMARY FUNCTION:

The Chief Executive Officer is responsible for implementation of policies set by the Board of Directors as well as annual goals and objectives, and financial, program, and administrative management of the corporation.
Guidance and direction is provided by the President of the Board and its Executive Committee.

RESPONSIBILITIES:
Ensures programs conform to the policies of the Board of Directors.
Ensures effective service delivery system.
Ensures compliance with contracts, accreditation, and licensure.
Keeps Board of Directors and the Standing Committees informed.
Officially represents the organization to external stake holders.
Maintains the organization’s fiscal viability.
Ensures development and implementation of strategic plan.
Sets standards and expectations for leadership and other key positions.
Acts as approving authority for all contracts.

2006-09-20 18:55:28 · answer #3 · answered by Shaktii J 2 · 1 0

Chief Executive Officer-he gets to tell everyone else what to do.

2006-09-20 18:56:11 · answer #4 · answered by hoodoowoman 4 · 0 0

The answer is what exactly Shaktii J said and also in my opinion is manages the P.r campaign for his company and its major shareholders and ties to work his charm on other invertors urging then to shell their money in his business organization

2006-09-20 19:07:11 · answer #5 · answered by MUSTAFA_aleem 3 · 0 0

Running an organisation, profitably.

2006-09-20 18:58:00 · answer #6 · answered by Anonymous · 0 0

the jobs is just like GM, General Manager..

2006-09-20 18:56:34 · answer #7 · answered by Anonymous · 0 0

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