Chief Executive Officer (CEO for short) is the highest administrative official in charge of daily affairs in an enterprise, also known as CEO, general manager or CEO.
CEO (Chief Executive Officer) is the product of American corporate governance reform and innovation in 1960s.
CEO is a honorific title, which means the helm of the enterprise. In the small and medium-sized enterprises in most countries (regions) with mature Chinese capital markets in Asia, the title of CEO is synonymous with "boss", not strictly referring to CEO, but directly as the English abbreviation of SME managers. Strictly speaking, CEO is an inappropriate title. It is a blunt translation of English CEO word for word, and CEO is the most appropriate translation for CEO. However, with the widespread spread of the word "CEO" in Chinese mainland, people have gradually become accustomed to this inappropriate title.
Basic Duties Fold Edit this Paragraph
Generally speaking, the CEO is responsible to the company's board of directors, and is often a member of the board. Have the ultimate power to implement management decisions within the company or organization. In a small-scale enterprise, the CEO may be the chairman and president at the same time, but in a large enterprise, these positions are often held by different people, so as to avoid one person playing too many roles and having too much power in the enterprise, and also to avoid the conflict of interests between the company itself and the owners (that is, shareholders).
The chief executive officer's main responsibilities are:
1. Make decisions on all major business activities of the company, including increasing or decreasing finance, business direction and business scope;
2. Participate in the decision-making of the board of directors and implement the resolutions of the board of directors;
3. Preside over the daily business activities of the company;
4. Sign contracts or handle business with foreign countries;
5. To appoint and dismiss senior management personnel of the Company;
Intransitive verbs regularly report the operation to the board of directors and submit annual reports.
Other duties of CEO can also include establishing, consolidating or changing corporate culture, team building and so on.
The executive team under the leadership of CEO includes: general manager, deputy general manager, department manager, chief accountant, chief engineer, etc.