| Dictionary: chief executive officer |
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chief executive officer |
Computer Desktop Encyclopedia:
CEO |
(1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. As information technology became a vital part of an organization's infrastructure, several "chief" positions were formed for IT executives in the latter part of the 20th century, including chief information officer, chief technology officer and chief privacy officer (see CIO, CTO and CPO).
(2) (Comprehensive Electronic Office) Office software from Data General introduced in 1981. It included word processing, e-mail, spreadsheets, business graphics and desktop accessories.
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Investment Dictionary:
Chief Executive Officer - CEO |
The highest ranking executive in a company whose main responsibilities include developing and implementing high-level strategies, making major corporate decisions, managing the overall operations and resources of a company, and acting as the main point of communication between the board of directors and the corporate operations. The CEO will often have a position on the board, and in some cases is even the chair.
Investopedia Says:
There are various other titles for the position of CEO including president and executive or managing director. The role of the CEO will vary from one company to another depending on its size and organization. In smaller companies, the CEO will often have a much more hands-on role in the company, making a lot of the business decisions, even lower-level ones such as the hiring of staff. However, in larger companies, the CEO will often deal with only the higher-level strategy of the company and directing its overall growth, with most other tasks deligated to managers and departments.
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Business Dictionary:
Chief Executive Officer (CEO) |
Officer who has ultimate management responsibility for an organization. The CEO reports directly to a Board of Directors, which is accountable to the company's owners. The CEO appoints other managers, including a president, to assist in carrying out the responsibilities of the organization. The CEO can also have the title CEO/President if the responsibilities of both positions are combined.
Wikipedia:
Chief executive officer |
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This article's introduction section may not adequately summarize its contents. To comply with Wikipedia's lead section guidelines, please consider expanding the lead to provide an accessible overview of the article's key points. (February 2010) |
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This article does not cite any references or sources. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (July 2007) |
A chief executive officer (CEO) or chief executive is one of the highest-ranking corporate officers (executives) or administrators in charge of total management. An individual selected as president and CEO of a corporation, company, organization, or agency, reports to the board of directors.
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It is the responsibility of the chief executive officer 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]
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 world, such as Asia, 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 or board of directors. 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). Most public companies now split the roles of chair and chief executive.
In Russia, a CEO is known as Russian: генеральный директор (generalnyi direktor). In France, a CEO/MD is known as the "PDG" (French: président directeur général); in Sweden, the CEO/MD is known as "VD" (Swedish: verkställande direktör); in Australia, the CEO can be known as the "MD" (managing director); 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: 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: toimitusjohtaja).
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.
Typically, a CEO has several subordinate executives, each of whom has specific functional responsibilities.
Common associates include a chief financial officer (CFO), chief operating officer (COO), Chief Legal Officer(CLO), chief technical officer (CTO), chief marketing officer (CMO), chief information officer (CIO), chief creative officer (CCO), chief compliance officer (CCO), and a director, or Vice-President of human resources.
CEOs are often portrayed erroneously in movies and the media as the highest-ranking officer of the company. Similarly, the CEO and not the chairman is most often mentioned in articles regarding companies.
According to the Association of Executive Search Consultants, 60% of public company CEOs are recruited through executive search firms.[citation needed]
This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer)
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