Chief executive officer

"Chief Executive" redirects here. For other uses, see Chief executive (disambiguation).

"CEO" and "CEOs" redirect here. For the island, see Ceos. For the musical project, see ceo (musician).

A chief executive officer (CEO, American English), managing director (MD, British English)^[1], Executive Director (ED, American English) for non-profit organizations, or chief executive is the highest-ranking corporate officer (executive) or administrator in charge of total management of an organization. An individual appointed as a CEO of a corporation, company, organization, or agency typically reports to the board of directors.

Responsibilities

The responsibilities of an organization's CEO are set by the organization's board of directors or other authority, depending on the organization's legal structure. They can be far-reaching or quite limited and are typically enshrined in a formal delegation of authority.

Typically, the CEO has responsibilities as a communicator, decision maker, leader, and manager. The communicator role can involve the press and the rest of the outside world, as well as the organization's management and employees; the decision-making role involves high-level decisions about policy and strategy. As a leader, the CEO advises the board of directors, motivates employees, and drives change within the organization. As a manager, the CEO presides over the organization's day-to-day, month-to-month, and year-to-year operations.^[2]

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. In the United States, the board of directors (elected by the shareholders) is often equivalent to the supervisory board, while the executive board may often be known as the executive committee (the division/subsidiary heads and C-level officers that report directly to the CEO).

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 answers to a board of trustees or board of directors. In the UK, similar to a sizable percentage of public companies in the US, the chairman of the board in public companies is more senior than the chief executive (who is usually known as the managing director).

The following presents an alphabetical list of some international common terms for the CEO position:

• Albanian: Administrator i Përgjithshëm
• Arabic: الرئيس التنفيذي‎ (eg)Al-Ra'ees Al-Tanfizi / (sa)Al-Ra'ees Al-Tanfithee (Chief Executive)
• Australia: general manager (GM) (or also managing director (MD), but only when the executive officeholder is also a member of the board of directors)
• Bengali: মহাপরিচালক/ব্যবস্থাপনা পরিচালক/প্রধান নির্বাহী কর্মকর্তা (Director General/GM/MD/CEO)
• Bosnian: Generalni direktor / Izvršni direktor
• Bulgarian: Генерален директор / Изпълнителен директор Generalen direktor/Izpalnitelen direktor
• Chinese: 首席执行官/行政總裁 Shǒuxí zhíxíng guān/xíngzhèng zǒngcá (Chief Executive Officer)
• Croatian: Generalni direktor
• Czech: Generální ředitel/Výkonný ředitel
• Danish: Administrerende Direktør (administrating director) (Adm.Dir.)
• Dutch: Algemeen Directeur (general manager)
• Estonian: Tegevdirektor (executive director)
• Finnish: Toimitusjohtaja (executive director) (TJ)
• French: Président-directeur général (chairman & chief executive) (P.D-G)
• Galician: Director Executivo / Director xeral
• German: Geschäftsführer (GmbH) or German: Vorstand (AG)
• Georgian: გენერალური დირექტორი (General director)
• Greek: Διευθύνων Σύμβουλος Diefthinon Symvoulos (Managing Director)
• Hebrew: מנכ"ל‎ Mankal/Menahel Klali (Director General)
• Hungarian: ügyvezető igazgató
• Icelandic: Forstjóri / Framkvæmdastjóri
• Hindi: Mukhya Karyapalan Adhikari
• India: CEO or managing director (MD)
• Indonesian: Presiden Direktur or, increasingly less common, Direktur Utama (Presdir/Dirut)
• Irish: Príomhoifigeach Feidhmiúcháin (POF)
• Italian: Amministratore Delegato (delegated administrator) (AD)
• Japanese: 最高経営責任者 Saikō-keiei-sekinin-sha (Chief Executive Officer)
• Korean: 최고경영책임자 choe-go-gyeong-young-chek-ime-ja (Chief Executive Officer)
• Kurdish: Serokê/a Pêkanîna Civatê
• Latvian: Valdes priekšsēdētājs (chairman of the board)
• Lithuanian: Generalinis direktorius (general director)
• Macedonian: Извршен директор (izvrshen direktor - executive director) or also Macedonian: Генерален директор (generalen direktor - general director)
• Maltese: Kap eżekuttiv (Chief Executive)
• Mongolian: Ерөнхий захирал, Ерөнхийлөгч, Гүйцэтгэх захирал
• Norwegian: Administrerende Direktør (administrating director) (adm. dir.)
• Persian: مدیر عامل Modir Aamel (Chief Executive)
• {{Pakistan |چیف ایگزیکٹو آفیسر}} Chif Igzikutu Afisr (Chief Executive Officer/Managing Director)
• Polish: Dyrektor Generalny (general director)
• Portuguese: Director Executivo / Director Geral / Director Presidente
• Romanian: Președintele consiliului de administrație (PCA)
• Russian: Генеральный Директор, Главный исполнительный директор (generalnyi direktor – general director)
• Serbian: Генерални директор
• Sinhala: ප්‍රධාන විධායක නිලධාරී / කළමනාකාර අධ්‍යක්ෂක (CEO / MD)
• Slovak: Generálny riaditeľ
• Slovene: Generalni direktor
• Spanish: director ejecutivo, director general, gerente general o consejero delegado (executive director)
• Somali: Maamule Guud / Agaasime (CEO / MG)
• Swedish: verkställande direktör (VD)
• Tamil: தலைமை நிறைவேற்று அலுவலர் / முகாமைத்துவ இயக்குநர் (CEO / MD)
• Telugu: ముఖ్య కార్యనిర్వాహక అధికారి / నిర్వాహకుడు (CEO / MD)
• Tagalog: Punong Tagapagpaganap (CEO / PT)
• Turkish: Yönetim Kurulu Başkanı
• Ukrainian: Головний виконавчий директор (Holovnyi vykonavchyi dyrektor - Head executive director), also Генеральний директор (Heneral'nyi dyrektor – General director)
• Urdu: چیف ایگزیکٹو آفیسر Chif Igzikutu Afisr (Chief Executive Officer)
• Vietnamese: Giám đốc điều hành

In the United States, 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.

Related positions

Main article: Corporate title

Typically, a CEO has several subordinate executives, each of whom has specific functional responsibilities.

Common associates include a chief business development officer (CBDO), chief financial officer (CFO), chief operating officer (COO), chief marketing officer (CMO), chief information officer (CIO), chief communications officer (CCO), chief legal officer (CLO), chief technology officer (CTO), chief risk officer (CRO), chief creative officer (CCO), chief compliance officer (CCO), chief audit executive (CAE), chief diversity officer (CDO), or chief human resources officer (CHRO).

Hospitals and healthcare organizations also often include a chief medical officer (CMO), a chief nursing officer (CNO), and a chief medical informatics officer (CMIO).

In the United Kingdom the term 'director' is used instead of 'chief officer'. Associates include the audit executive, business development director, chief executive, compliance director, creative director, director of communications, diversity director, financial director, human resources director, information technology director, legal affairs director, managing director (MD), marketing director, operations director and technical director.

See also

• CEO succession
• Executive officer
• List of CEO books
• List of chief executive officers
• O*NET
• Oldest CEOs
• United States Department of Labor

References

1. ^ Professional English in Use – Finance, Ian MacKenzie, Cambridge University Press, 2006, p.16
2. ^ Capstone Publishing (2003). The Capstone Encyclopaedia of Business. Oxford, U.K.: Capstone Publishing. pp. 79–80. ISBN 1-842112-053-7. 

External links

• U.S. Bureau of Labor Statistics - Top Executives: Description and Outlook
• 2008–2010 Study: CEOs Who Fired Most Workers Earned Highest Pay – video report by Democracy Now!