Nispeten az hissedarı olan şirketlerde (closely held corporations), geleneksel olarak CEO aynı zamanda yönetim kurulu başkanıdır. Özellikle, bir kişi başkan ve CEO ünvanlarını elinde tutarken başka biri de başkanlık görevindedir ya da bir şirketin günlük işlerini yürütmekle sorumlu yöneticisi (chief operating officer - Coo) olur. ABD'de başkan, Birleşik Krallık'ta ise CEO terimi tercih edilir. Bu yönetimin altındaki yönetici ABD'de İcra Kurulu Başkan Yardımcısı (Executive Vice President), Birleşik Krallık'ta ise Yetkili Müdürdür (Executive Director). Halka açık şirketlerde CEO ve başkanlık görevleri birbirlerinden ayrılabilir.
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- "Chief Executive" redirects here. For other uses, see Chief Executive (disambiguation).
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A chief executive officer (CEO, American English), managing director (MD, British English), 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 reports to the board of directors.
Many CEOs have the title "president and CEO". This is a popular combination especially if someone else is a non-executive chairman of the board. In addition, it can mean the opposite (especially in the United States), in other words that the title holders are also inside directors on the board of directors if not the chairperson (often called "president"), or it can mean that they are also the chief operating officer. Compared to the CEO, the president is often considered to be more focused upon daily operations, who is supposed to be the visionary, so the title "president and CEO" is often used to emphasise that the title holder performs both these roles.
The responsibility of the chief executive officer is to align the company, internally and externally, with his or her 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.
In many states, when an organization incorporates it is necessary to specify individuals in the role of president, treasurer, and secretary with the provison that the person nominated as president cannot also hold the position of treasurer. But often a person can be specified as secretary/treasurer.
In many non-profits, there is a gross confusion between the chair of the board (sometimes referred to as the president of the board), the secretary of the board (also confused with the secretary of the corporation), and then a board often creates the position of treasurer.
Boards should not have presidents or treasurers, but boards and corporations both need secretaries.
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 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 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(person) (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.
The following presents an alphabetical list of some international common terms for the CEO position:
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.
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 technical 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).
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.