Chief executive officer

A chief executive officer (CEO)[1] (also known as a central executive officer, or just chief executive (CE), or as managing director (MD) in the UK) is the highest officer charged with the management of an organization – especially a company or nonprofit institution.

CEOs find roles in various organizations, including public and private corporations, nonprofit organizations, and even some government organizations (notably state-owned enterprises). The CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business,[1] which may include maximizing the share price, market share, revenues, or another element. In the nonprofit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. CEOs are also frequently assigned the role of the main manager of the organization and the highest-ranking officer in the C-suite.[2]

  1. ^ a b Lin, Tom C. W. (April 23, 2014). "CEOs and Presidents". UC Davis Law Review. SSRN 2428371.
  2. ^ Westphal, James D.; Zajac, Edward J. (March 1995). "Who Shall Govern? CEO/Board Power, Demographic Similarity, and New Director Selection". Administrative Science Quarterly. 40 (1): 60–83. doi:10.2307/2393700. JSTOR 2393700.

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