Everything about Ceo totally explained
A
chief executive officer (
CEO) or
chief executive is the highest-ranking
corporate officer,
administrator, or
executive, in charge of total
management of a
corporation,
company,
organization, or
agency, reporting to the
board of directors. In internal communication and press releases, many companies capitalize the term and those of other high positions, even when they're not
proper nouns.
International use
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 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 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. There is a strong parallel here with the structure of government, which tends to separate the political
cabinet from the management
civil service.
In other parts of the globe, such as
Asia, its 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 or board of directors. In the UK, the chair (of the board) in public companies is more senior than the chief executive. Most public companies now split the roles of chair and chief executive.
In France, a CEO/MD is known as the "PDG" (
président directeur général); in Sweden, the CEO/MD is known as "VD" (
verkställande direktör); in Spain, the usual name is "director general"; while in Italy, the position is called "AD" (which stands for
amministratore delegato). In Denmark and Norway the CEO is known as the "administrerende direktør", abbr. adm.dir.
Structure
Typically, a CEO has several subordinate executives, each of whom has specific functional responsibilities.
Common subordinates include a
chief financial officer (CFO),
chief operating officer (COO),
chief marketing officer (CMO),
chief information officer (CIO), and a director of
human resources.
Further Information
Get more info on 'Ceo'.
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