Chief executive officer
CEO is one of a number of corporates executives in charge of managing an organisation. The term is used primarily in the business and charitable sector of the UK, whereas the term director is used in the not-for-profit sector. In some countries, there is a dual board system with two separate boards.
About Chief executive officer in brief
A chief executive officer is one of a number of corporates executives in charge of managing an organisation. CEOs find roles in a range of organizations, including public and private corporations, non-profit organizations and even some government organizations. In the 21st century, top executives typically have technical degrees in science, management, engineering or law. The CEO of a company is not necessarily the owner or the head of the company. In some countries, there is a dual board system with two separate boards, one executive board for the day-to-day business and one supervisory board for control purposes. This allows for clear lines of authority and ensures a distinction between management by the executive board and governance by the supervisoryBoard. The term is used primarily in the business and charitable sector of the UK, whereas the term director is used in the not-for-profit sector.
As of 2013, the use of the term ‘chief executive officer’ and ‘executive director’ is generally mutually exclusive in the UK and the U.S., but the term is still widely used in other countries, such as Australia and New Zealand, where it is used by the government and business leaders. The use of these titles, however, is not the general standard applied to the public sector and should not be misled and misled into thinking that they are the same as the CEO of an organisation or director of a not- for-profit charity, says David Boulden, CEO of Reputation Economy Advisors. He says the term can be seen as a way to add emphasis to the role of a modern-day CEO – where they are both the external face of, and the driving force behind, an organisation’s culture.