What is a so called CEO What is a CEO

The Chief Executive Officer (CEO) is the chief executive in charge of the day-to-day affairs of an organization, also known as the chief executive officer, general manager or chief executive officer.

The Chief Executive Officer (CEO) is a product of the reform and innovation of the corporate governance structure in the 60s of the 20th century. CEO is an honorific title with a compliment, which means the person at the helm of the enterprise. In most of the small and medium-sized enterprises (SMEs) in Asia, where the capital market is more mature in Chinese, the title of CEO is synonymous with "boss", and is not strictly referred to as the CEO, but is directly used as the English abbreviation of the manager of the SME.

Strictly speaking, CEO is an inappropriate term, it is a blunt translation of the English word for word chief executive officer, and CEO is the most appropriate translation for CEO. But because the term "CEO" has spread widely in Chinese mainland, people have slowly become accustomed to the inappropriate title.

CEO: Abbreviation for Chief Executive Officer. CEO means chief executive officer and is a senior job title.

In an economic organization, the CEO is the chief executive in charge of the day-to-day affairs of an enterprise**, also known as the chief executive officer, general manager or chief executive officer. Responsible for the operation and management of the company, and responsible for the company and its shareholders.

In smaller companies, the CEO may be both the chairman of the board and the president of the company, but in larger companies these roles are often held by different people, avoiding individuals having too much power in the business, and avoiding conflicts of interest between the company itself and the company's owners (i.e., shareholders).

The main responsibilities of the CEO:

1.Make decisions on all major business and operation matters of the company, including the increase or decrease of finance, business direction, business scope, etc.;

2.Participate in the decision-making of the Board of Directors and implement the resolutions of the Board of Directors;

3.Preside over the day-to-day business activities of the Company;

4.Signing contracts or processing business with external parties;

5.appointment and dismissal of the company's senior management;

6.Regularly report to the Board of Directors on the business situation and submit annual reports.

The Chief Executive Officer (CEO) is a product of the reform and innovation of the corporate governance structure in the 60s of the 20th century. Due to the changing market situation, the speed of decision-making and the strength of execution are more important than ever. The traditional corporate system of "board of directors decision-making, managerial implementation" is no longer able to meet the needs of decision-making.

Moreover, the information transmission time lag and communication barriers between the decision-making level and the executive level, as well as the increase in decision-making costs, have seriously affected the rapid response and execution ability of managers to major decisions of the enterprise. The first point to solve this problem is to let managers have more power to make independent decisions, so that managers can fight more for their own decisions and be responsible for their own actions. CEOs are a product of this transformation.

In a sense, the CEO represents the transition of some of the decision-making power from the original board of directors to management.

The CEO and the general manager are both the "top leaders" of the enterprise, the CEO is not only the chief executive, but also the spokesperson for shareholders' rights——— in most cases, the CEO appears as a member of the board of directors, and the general manager is not necessarily a member of the board of directors. In this sense, the CEO represents the business and is responsible for its operations.

Since there are no similar superiors and checks from all sides abroad, the authority of the CEO is more absolute than that of the general managers in China, but they will never intervene too much in the specific affairs of the company like the general manager. Once the CEO makes an overarching decision, the executive authority is delegated. So some people say that the CEO is like 50% of the chairman of the board of directors and 50% of the general manager in my country.

Generally speaking, the main responsibilities of the CEO are threefold: to make decisions on all major affairs and personnel appointments and dismissals of the company, and after the decision, the authority is delegated to specific supervisors, and the CEO has less specific intervention; Create a corporate culture that motivates employees to want to serve the company; Sell the overall image of the company.